Family
May 20, 2015
IRS will tax egg donations, but not other procedures
Egg donors are sometimes paid up to $50,000. Many donors assume these payments are tax-free, since payments for physical injuries or medical malpractice would be.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
In an egg "donation," a female donor is subjected to elaborate screening and testing,
and then undergoes a painful extraction procedure. Donors are paid up to $50,000.
Many donors assume these payments are tax-free, since payments for physical injuries
or medical malpractice would be.
But the Internal Revenue Service says these payments are taxable, and thi...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In