2017 Articles

    TOPICS:

    All articles written by Robert W. Wood (unless otherwise noted)

     

     

    TAXATION OF DAMAGE AWARDS

     

    Will the IRS and Tax Court Restrict Tax Deductions for Legal Fees?, Vol. 155, No. 2, Tax Notes (April 10, 2017), p. 245.

    Trump University Settlement Nets $25M Write-Off For Trump, Taxes For Students, Forbes.com (April 3, 2017).

    Three Tax Tips For Every Lawyer, Texas Bar Blog, State Bar of Texas (March 27, 2017).

    How Legal Settlements And Judgments Are Taxed, Issue 1, Business Law News, State Bar of California (2017), p. 21.

    President Obama and Damages for PTSD, Vol. 154, No. 10, Tax Notes (March 6, 2017), p. 1297.

    President Obama Was Right, PTSD Is Physical, Forbes.com (February 24, 2017).

    Tax Rules for Settlements and Judgments, California Lawyer (February 7, 2017).

    10 Tax Rules All Lawyers and Clients Should Know, Vol. 154, No. 6, Tax Notes (February 6, 2017), p. 755.

    Don't Forget About Tax Issues When Mediating, California Lawyer (February 1, 2017).

    What Lawyers Should Know about Taxes, Constructive Receipt, and Structured Fees, Business Law Today, American Bar Association (February 2017)

    Are Insurance Bad Faith Recoveries Taxable?, Vol. 56, No. 6, Arizona Attorney Magazine, State Bar of Arizona (February 2017), p. 26.

    Tax Indemnity Provisions: Important Considerations for Clients, Vol. 71, No. 1, NWLawyer, Washington State Bar Association (February 2017), p. 42.

     

     

     

    INDEPENDENT CONTRACTOR STATUS

     

    Determining the True Status of Independent Contractors, California Lawyer (March 17, 2017).

     

     

     

    MISCELLANEOUS

     

    More Wells Fargo Pay Clawbacks Over Fake Accounts Bring Tax Pain, Forbes.com (April 11, 2017).

    IRS Unleashes Private Collection Agencies To Chase Tax Debts, Forbes.com (April 10, 2017).

    Jersey Shore's Mike 'The Situation' Sorrentino Indicted On More Tax Evasion Charges, Forbes.com (April 7, 2017).

    Cut IRS Audit Risk, Extend April 18 Tax Deadline To October 16, Forbes.com (April 6, 2017).

    91% Of IRS Seizures For 'Structuring' Involve Lawful Taxpayers, Forbes.com (April 5, 2017).

    Trump Donates Presidential Pay, Reminding Us IRS Rules Apply To Everyone, Forbes.com (April 4, 2017).

    IRS Polices What Is Tax Planning Or Tax Evasion, Forbes.com (April 3, 2017).

    With IRS, Ask Forgiveness Not Permission, Forbes.com (March 29, 2017).

    Shorten IRS Tax Audit Disputes Through New Program, Forbes.com (March 27, 2017).

    IRS Urged To Penalize — And Prosecute Payroll Tax Violations, Forbes.com (March 14, 2017).

    Man Could Face 5 Years For $18M IRS Employment Tax Violation, Forbes.com (March 23, 2017).

    Man Draws $4.3M IRS Penalty For Lending $100K To Struggling Business, Forbes.com (March 20, 2017).

    Despite Trump Tax Returns, He Is Right To Repeal AMT, Forbes.com (March 17, 2017).

    Tax Return Disclosures That Aren't IRS Audit Triggers, Forbes.com (March 14, 2017).

    IRS Payroll Taxes Can Close A Business, Mean Personal Liability, Even Jail, Forbes.com (March 13, 2017).

    Can You Opt Out Of Big IRS Offshore Penalties?, Forbes.com (March 9, 2017).

    Filing Your Taxes Is Not Self-Incrimination, Rules Court, Forbes.com (March 9, 2017).

    How Low IRS Audit Rate Could Actually Hurt You, Forbes.com (March 8, 2017).

    Like Wesley Snipes, Lawyers Failed To File Taxes, But Did Not File Falsely, Forbes.com (March 7, 2017).

    Keeping Two Sets Of Books Can Mean Prison For Tax Evasion, Forbes.com (March 7, 2017).

    IRS Raided Caterpillar, What If They Visit You?, Forbes.com (March 6, 2017).

    Investing in California Real Property Tax and Withholding, by Donald P. Board and Robert W. Wood, Vol. 83, No. 10, State Tax Notes (March 6, 2017), p. 853.

    If You Decide To Part Ways With The US, It’s Going To Cost You, Los Angeles Daily Journal (March 6, 2017), p. 5. Simultaneously published in San Francisco Daily Journal (March 6, 2017), p. 5.

    No Receipts For Your Taxes Or IRS? No Problem, Forbes.com (March 6, 2017).

    Trump, California At Odds On Estate Tax, Los Angeles Daily Journal (March 2, 2017), p. 5. Simultaneously published in San Francisco Daily Journal (March 2, 2017), p. 5.

    Practical Tips To Know About Form 1099s During Tax Time, Los Angeles Daily Journal (March 1, 2017), p. 4. Simultaneously published in San Francisco Daily Journal (March 1, 2017), p. 4.

    You Just Filed Your Taxes With An Oscar Best Picture-Size Mistake, Forbes.com (March 1, 2017).

    Non-Cash Income IRS Requires To Be Reported On Your Taxes, Forbes.com (February 28, 2017).

    Renounce U.S., Here's How IRS Computes 'Exit Tax', Forbes.com (February 27, 2017).

    Trump Tax Cuts Could Start With Executive Action, Forbes.com (February 27, 2017).

    $100K 'Gifts' Plus Pay To Wear Oscar Attire — Two Reasons IRS Watches Academy Awards, Forbes.com (February 25, 2017).

    Is Your Tax Audit Risk 3 Years, 6 Years, Or Even More?, Daily Journal Verdicts & Settlements (February 24, 2017), p. 4.

    Trump Vows Estate Tax Repeal, But California Plans Its Own 40% Estate Tax, Forbes.com (February 23, 2017).

    Dear IRS: Sorry, A Typo On My Taxes Dropped Some Zeros, Forbes.com (February 22, 2017).

    Skip Any Of These IRS Forms, Get Tax Audits ... Forever, Forbes.com (February 21, 2017).

    Actually, Robots Could Face IRS With Trump-Like Tax Savvy, Forbes.com (February 21, 2017).

    Howard Stern, IRS Strange Co-Defendants In Tax Audit Privacy Suit, Forbes.com (February 17, 2017).

    10 Ways To Keep The IRS From Taking Away Your Passport, Los Angeles Daily Journal (February 15, 2017), p. 6. Simultaneously published in San Francisco Daily Journal (February 15, 2017), p. 6.

    Not Paying Taxes To Protest Trump? Watch Out For IRS, Forbes.com (February 16, 2017).

    Fudging Your Taxes? IRS Returns Carry Penalty Of Perjury, Forbes.com (February 15, 2017).

    Write Your Clothes Off On Your Taxes? Yes, If You Meet This IRS Test, Forbes.com (February 14, 2017).

    If Obamacare Is Repealed, How Many Taxes Will Go Too?, Forbes.com (February 13, 2017).

    IRS Cracks Down On Padding Tax Deductions, Forbes.com (February 13, 2017).

    More Americans Give Up Citizenship In Reverse Trump Bump, Forbes.com (February 10, 2017).

    Brit Boris Johnson Renounces America; Why We Should Care, Forbes.com (February 9, 2017).

    IRS Can Audit 6 Tax Years Not 3, So Be Careful, Forbes.com (February 9, 2017).

    Amid Trump Ban, IRS Moves To Revoke Passports For Tax Debt, Los Angeles Daily Journal (February 8, 2017), p. 5. Simultaneously published in San Francisco Daily Journal (February 8, 2017), p. 5.

    IRS Audit Traps & 5 Ways To Steer Clear, Forbes.com (February 8, 2017).

    Next Travel Ban: 10 Ways To Keep IRS From Taking Your Passport, Forbes.com (February 7, 2017).

    Graev: Adequate Disclosure or Tax Shelter?, by Robert W. Wood and Milan N. Ball, Vol. 154, No. 6, Tax Notes (February 6, 2017), p. 763.

    Dear President Trump, Please Repeal FATCA, Forbes.com (February 6, 2017).

    Lady Gaga's 'Free' Super Bowl Show Actually Isn't Forbes.com (February 5, 2017).

    Super Bowl Bet That's A Sure Thing, Forbes.com (February 4, 2017).

    Another Travel Ban: IRS Moves To Revoke Passports For Unpaid Taxes, Forbes.com (February 2, 2017).

    IRS Professional Responsibility Lawyer Charged In Drug Distribution Conspiracy, Forbes.com (February 2, 2017).

    Hey, My IRS Form 1099 Is Wrong ... Maybe Intentionally, Forbes.com (February 1, 2017).

    IRS Form 1099 Or Form W-2?, Forbes.com (January 30, 2017).

    Missing An IRS Form 1099? Don't Ask For It, Forbes.com (January 27, 2017).

    10 Things To Know About IRS Forms 1099 At Tax Time, Forbes.com (January 25, 2017).

    IRS Hunts Debit Cards For Tax Evasion, As Court Approves John Doe Summons, Forbes.com (January 25, 2017).

    Dear President Trump: Why I'm Leaving America, Forbes.com (January 23, 2017).

    Tax Cheats Beware: IRS Whistleblower Awards Soar 322%, Forbes.com (January 17, 2017).

    Will California Tax Man Let You Move States?, Forbes.com (January 11, 2017).

    Beware IRS Audits Of Offshore Account Filings, Forbes.com (January 9, 2017).

    IRS Forms 1099 Are Coming, Packing A Tax Punch, Forbes.com (January 4, 2017).

    Pro Tip For Lawyers, Young And Old: The Prompt Response, Los Angeles Daily Journal (January 3, 2017), p. 9. Simultaneously published in San Francisco Daily Journal (January 3, 2017), p. 9.

    IRS Escalates Hunt For Bitcoin Users In Coinbase Summons Case, Forbes.com (January 3, 2017).

    Tax Return Disclosures: What Is ‘Adequate’ and Why It Matters, by Robert W. Wood and Milan N. Ball, Vol. 154, No. 1, Tax Notes (January 2, 2017), p. 163.

     

     

     

    TAX COLUMNS IN FORBES

     

    More Wells Fargo Pay Clawbacks Over Fake Accounts Bring Tax Pain, Forbes.com (April 11, 2017).

    IRS Unleashes Private Collection Agencies To Chase Tax Debts, Forbes.com (April 10, 2017).

    Jersey Shore's Mike 'The Situation' Sorrentino Indicted On More Tax Evasion Charges, Forbes.com (April 7, 2017).

    Cut IRS Audit Risk, Extend April 18 Tax Deadline To October 16, Forbes.com (April 6, 2017).

    91% Of IRS Seizures For 'Structuring' Involve Lawful Taxpayers, Forbes.com (April 5, 2017).

    Trump Donates Presidential Pay, Reminding Us IRS Rules Apply To Everyone, Forbes.com (April 4, 2017).

    IRS Polices What Is Tax Planning Or Tax Evasion, Forbes.com (April 3, 2017).

    Trump University Settlement Nets $25M Write-Off For Trump, Taxes For Students, Forbes.com (April 3, 2017).

    With IRS, Ask Forgiveness Not Permission, Forbes.com (March 29, 2017).

    Shorten IRS Tax Audit Disputes Through New Program, Forbes.com (March 27, 2017).

    IRS Urged To Penalize — And Prosecute Payroll Tax Violations, Forbes.com (March 14, 2017).

    Man Could Face 5 Years For $18M IRS Employment Tax Violation, Forbes.com (March 23, 2017).

    Man Draws $4.3M IRS Penalty For Lending $100K To Struggling Business, Forbes.com (March 20, 2017).

    Despite Trump Tax Returns, He Is Right To Repeal AMT, Forbes.com (March 17, 2017).

    Tax Return Disclosures That Aren't IRS Audit Triggers, Forbes.com (March 14, 2017).

    IRS Payroll Taxes Can Close A Business, Mean Personal Liability, Even Jail, Forbes.com (March 13, 2017).

    Can You Opt Out Of Big IRS Offshore Penalties?, Forbes.com (March 9, 2017).

    Filing Your Taxes Is Not Self-Incrimination, Rules Court, Forbes.com (March 9, 2017).

    How Low IRS Audit Rate Could Actually Hurt You, Forbes.com (March 8, 2017).

    Like Wesley Snipes, Lawyers Failed To File Taxes, But Did Not File Falsely, Forbes.com (March 7, 2017).

    Keeping Two Sets Of Books Can Mean Prison For Tax Evasion, Forbes.com (March 7, 2017).

    IRS Raided Caterpillar, What If They Visit You?, Forbes.com (March 6, 2017).

    No Receipts For Your Taxes Or IRS? No Problem, Forbes.com (March 6, 2017).

    You Just Filed Your Taxes With An Oscar Best Picture-Size Mistake, Forbes.com (March 1, 2017).

    Non-Cash Income IRS Requires To Be Reported On Your Taxes, Forbes.com (February 28, 2017).

    Renounce U.S., Here's How IRS Computes 'Exit Tax', Forbes.com (February 27, 2017).

    Trump Tax Cuts Could Start With Executive Action, Forbes.com (February 27, 2017).

    $100K 'Gifts' Plus Pay To Wear Oscar Attire — Two Reasons IRS Watches Academy Awards, Forbes.com (February 25, 2017).

    President Obama Was Right, PTSD Is Physical, Forbes.com (February 24, 2017).

    Trump Vows Estate Tax Repeal, But California Plans Its Own 40% Estate Tax, Forbes.com (February 23, 2017).

    Dear IRS: Sorry, A Typo On My Taxes Dropped Some Zeros, Forbes.com (February 22, 2017).

    Skip Any Of These IRS Forms, Get Tax Audits ... Forever, Forbes.com (February 21, 2017).

    Actually, Robots Could Face IRS With Trump-Like Tax Savvy, Forbes.com (February 21, 2017).

    Howard Stern, IRS Strange Co-Defendants In Tax Audit Privacy Suit, Forbes.com (February 17, 2017).

    Not Paying Taxes To Protest Trump? Watch Out For IRS, Forbes.com (February 16, 2017).

    Fudging Your Taxes? IRS Returns Carry Penalty Of Perjury, Forbes.com (February 15, 2017).

    Write Your Clothes Off On Your Taxes? Yes, If You Meet This IRS Test, Forbes.com (February 14, 2017).

    If Obamacare Is Repealed, How Many Taxes Will Go Too?, Forbes.com (February 13, 2017).

    IRS Cracks Down On Padding Tax Deductions, Forbes.com (February 13, 2017).

    More Americans Give Up Citizenship In Reverse Trump Bump, Forbes.com (February 10, 2017).

    Brit Boris Johnson Renounces America; Why We Should Care, Forbes.com (February 9, 2017).

    IRS Can Audit 6 Tax Years Not 3, So Be Careful, Forbes.com (February 9, 2017).

    IRS Audit Traps & 5 Ways To Steer Clear, Forbes.com (February 8, 2017).

    Next Travel Ban: 10 Ways To Keep IRS From Taking Your Passport, Forbes.com (February 7, 2017).

    Dear President Trump, Please Repeal FATCA, Forbes.com (February 6, 2017).

    Lady Gaga's 'Free' Super Bowl Show Actually Isn't Forbes.com (February 5, 2017).

    Super Bowl Bet That's A Sure Thing, Forbes.com (February 4, 2017).

    Another Travel Ban: IRS Moves To Revoke Passports For Unpaid Taxes, Forbes.com (February 2, 2017).

    IRS Professional Responsibility Lawyer Charged In Drug Distribution Conspiracy, Forbes.com (February 2, 2017).

    Hey, My IRS Form 1099 Is Wrong ... Maybe Intentionally, Forbes.com (February 1, 2017).

    IRS Form 1099 Or Form W-2?, Forbes.com (January 30, 2017).

    Missing An IRS Form 1099? Don't Ask For It, Forbes.com (January 27, 2017).

    10 Things To Know About IRS Forms 1099 At Tax Time, Forbes.com (January 25, 2017).

    IRS Hunts Debit Cards For Tax Evasion, As Court Approves John Doe Summons, Forbes.com (January 25, 2017).

    Dear President Trump: Why I'm Leaving America, Forbes.com (January 23, 2017).

    Tax Cheats Beware: IRS Whistleblower Awards Soar 322%, Forbes.com (January 17, 2017).

    Will California Tax Man Let You Move States?, Forbes.com (January 11, 2017).

    Beware IRS Audits Of Offshore Account Filings, Forbes.com (January 9, 2017).

    IRS Forms 1099 Are Coming, Packing A Tax Punch, Forbes.com (January 4, 2017).

    IRS Escalates Hunt For Bitcoin Users In Coinbase Summons Case, Forbes.com (January 3, 2017).

     

     

     

    2017 TAX COLUMNS IN DAILY JOURNAL

     

    Don’t Inflate Deductions, Even When IRS Audits Are Down, Los Angeles Daily Journal (March 9, 2017), p. 8. Simultaneously published in San Francisco Daily Journal (March 9, 2017), p. 8.

    If You Decide To Part Ways With The US, It’s Going To Cost You, Los Angeles Daily Journal (March 6, 2017), p. 5. Simultaneously published in San Francisco Daily Journal (March 6, 2017), p. 5.

    Trump, California At Odds On Estate Tax, Los Angeles Daily Journal (March 2, 2017), p. 5. Simultaneously published in San Francisco Daily Journal (March 2, 2017), p. 5.

    Practical Tips To Know About Form 1099s During Tax Time, Los Angeles Daily Journal (March 1, 2017), p. 4. Simultaneously published in San Francisco Daily Journal (March 1, 2017), p. 4.

    Is Your Tax Audit Risk 3 Years, 6 Years, Or Even More?, Daily Journal Verdicts & Settlements (February 24, 2017), p. 4.

    10 Ways To Keep The IRS From Taking Away Your Passport, Los Angeles Daily Journal (February 15, 2017), p. 6. Simultaneously published in San Francisco Daily Journal (February 15, 2017), p. 6.

    Amid Trump Ban, IRS Moves To Revoke Passports For Tax Debt, Los Angeles Daily Journal (February 8, 2017), p. 5. Simultaneously published in San Francisco Daily Journal (February 8, 2017), p. 5.

    Pro Tip For Lawyers, Young And Old: The Prompt Response, Los Angeles Daily Journal (January 3, 2017), p. 9. Simultaneously published in San Francisco Daily Journal (January 3, 2017), p. 9.