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mk563
New Member

Our Dioceses instituted an Independent Reconciliation Compensation Program (IRCP) to compensate victims of sexual abuse. If accepted is it taxable? This is not a lawsuit

 
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3 Replies

Our Dioceses instituted an Independent Reconciliation Compensation Program (IRCP) to compensate victims of sexual abuse. If accepted is it taxable? This is not a lawsuit

No, victims compensation is not taxable.

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WY1
Level 1

Our Dioceses instituted an Independent Reconciliation Compensation Program (IRCP) to compensate victims of sexual abuse. If accepted is it taxable? This is not a lawsuit

I would like to know more, same question. Is there an IRS publication I could refer to? Can't find anything on IRS website.

VictoriaD75
Expert Alumni

Our Dioceses instituted an Independent Reconciliation Compensation Program (IRCP) to compensate victims of sexual abuse. If accepted is it taxable? This is not a lawsuit

This should provide the information you are looking for.

 

IRS Publication 4345 Settlements Taxability

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