nor for IRS.

@singh  

Until & If/When you can provide a cite for this position, please refrain from such statements.

The IRS has not yet weighed in.

IF you want to go this route, feel free.  I hope you are disclosing your position on the tax returns you are filing now.

It is entirely possible and perhaps possible the IRS *will* issue a statement that this is not taxable under the 'welfare' rule.

They haven't, yet.

Edit.. Bob pointed out my error. Substitute probable for possble somewhere in my comment.