2018 Articles

    TOPICS:

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

     

     

    TAXATION OF DAMAGE AWARDS

     

    In Weinstein Sex Harassment Settlements, Taxes Await Plaintiffs, Forbes.com (October 30, 2018).

    $289M Monsanto Weedkiller Verdict Cut To $78M, Taxes Still High, Forbes.com (October 24, 2018).

    Elon Musk's $40M SEC Settlement; Nice Tax Deduction?, Forbes.com (October 1, 2018).

    Serena Williams Fines: At Least They Are Tax-Deductible, Forbes.com (September 10, 2018).

    How Sexual Harassment Plaintiffs Are Double Taxed By Trump Tax Law, Forbes.com (August 27, 2018).

    How IRS Taxes Kill Plaintiff's $289M Monsanto Weedkiller Verdict, Forbes.com (August 13, 2018).

    Trump Tax Law Hurts Personal Injury Suit Settlements, Forbes.com (August 6, 2018).

    Legal Settlements With Tax Indemnities Are on the Rise, Vol. 160. No. 5, Tax Notes (July 30, 2018), p. 687.

    Emotional Distress Damages Are Taxable, Physical Sickness Damages Are Not, How Come?, Forbes.com (June 25, 2018).

    Settlement Awards Post-TCJA, Vol. 159. No. 12, Tax Notes (June 18, 2018), p. 1771.

    Sexual Harassment Tax Law That Double-Taxes Victims Needs Fixing, Forbes.com (June 6, 2018).

    As Fox Settles Suits Without Confidentiality, Will Nondisclosure Provisions Disappear?, Forbes.com (May 17, 2018).

    'Tax Cuts' Mean Plaintiffs Pay Tax on 100%, Even Lawyer Fees, The Coffee House, Wyoming Trial Lawyers Association (May 2018), p. 22.

    Stormy Daniels Returning $130K Trump Settlement Won't Escape IRS Taxes, Forbes.com (March 19, 2018).

    New Tax On Lawsuit Settlements — Legal Fees Can't Be Deducted, Forbes.com (March 12, 2018).

    New Tax Law’s Plaintiff Tax: No Deduction For Legal Fees, Daily Journal Verdicts & Settlements (March 9, 2018), p. 4.

    New Tax on Litigation Settlements, No Deduction for Legal Fees, Vol. 158, No. 10, Tax Notes (March 5, 2018), p. 1387.

    Tax Implications Of New Law Surprisingly Bad For Lawsuit Plaintiffs, Their Lawyers, Vol. 43, No. 5, Montana Lawyer, State Bar of Montana (March 2018), p. 16.

    Harvey Weinstein Tax May Hit Both Plaintiffs and Defendants, Business Law Today, American Bar Association (February 2018).

    Tax Write-Offs in Sexual Harassment Cases After Harvey Weinstein, Vol. 90, No. 2, New York State Bar Association Journal, New York State Bar Association (February 2018), p. 11.

    Taxing Sexual Harassment Settlements And Legal Fees in a New Era, Vol. 158, No. 4, Tax Notes (January 22, 2018), p. 545.

    Contingent Fee Lawyers Dodge Bullet In Tax Reform, Forbes.com (January 9, 2018).

    Contingency Fee Lawyers Dodge Bullet In Tax Reform, Los Angeles Daily Journal (January 5, 2018), p. 6. Simultaneously published in San Francisco Daily Journal (January 5, 2018), p. 6.

    Ironically, Weinstein Tax On Sexual Harassment Settlements May Hurt Plaintiffs Too, Forbes.com (January 3, 2018).

    Tax Refresher on Options And Restricted Stock, Vol. 158, No. 1, Tax Notes (January 1, 2018), p. 145.

    Are Tax Gross-up Damages Getting Easier?, Issue 71, The Witness Chair (Winter 2018), p. 4.

     

     

     

    INDEPENDENT CONTRACTOR STATUS

     

    Will Employee Classification Ruling Just Lead To Even More Lawsuits?, Los Angeles Daily Journal (June 20, 2018), p. 4. Simultaneously published in San Francisco Daily Journal (June 20, 2018), p. 4.

     

     

     

    MISCELLANEOUS

     

    Need A Tax Opinion? Here's Why You Might Want One For IRS, Forbes.com (November 5, 2018).

    Wesley Snipes Loses $23.5 Million Tax Case, Offers IRS Tiny 4% Compromise, Forbes.com (November 2, 2018).

    How Long Can IRS Audit? Tips To Cut Years And Audit Risks, Forbes.com (October 29, 2018).

    $1.6 Billion Lottery Winner Will Face Huge Taxes, Possible Lawsuits, Forbes.com (October 23, 2018).

    Actually, Trump Tax Returns Are Unlikely To Be Audited, How About Yours?, Forbes.com (October 8, 2018).

    Hush Money And Taxes: 7 Things To Know (Shhh!), Forbes.com (September 20, 2018).

    Whistleblowers Can Face Tax Problems, Business Law Today, American Bar Association (September 19, 2018).

    Serena Williams Fines: At Least They Are Tax-Deductible, Forbes.com (September 10, 2018).

    Do You Have Attorney-Client Privilege With Your Accountant? Here's A Workaround, Forbes.com (September 4, 2018).

    How Sexual Harassment Plaintiffs Are Double Taxed By Trump Tax Law, Forbes.com (August 27, 2018).

    Like Prince, Aretha Franklin Died Without A Will. Why You Should Have One, Forbes.com (August 23, 2018).

    Tax Tips From Manafort Conviction That Might Keep IRS Away, Forbes.com (August 22, 2018).

    Receive An IRS Summons? Here's What To Do, Forbes.com (August 21, 2018).

    How Much Is $100 Worth In Your State?, Forbes.com (August 16, 2018).

    Offshore Bank Accounts and FATCA Worries Continue, Global Assets (Summer 2018).

    Beware Taxes on Restricted Crypto and Options, Global Assets (Summer 2018).

    IRS & FATCA Hunt Offshore Accounts, Forbes.com (August 2, 2018).

    Bank Letters About Foreign Accounts: What To Do, Forbes.com (July 31, 2018).

    Taxable Income But No Cash? What To Tell IRS, Forbes.com (July 24, 2018).

    Offshore Bank Accounts And FATCA Worries Continue, Los Angeles Daily Journal (July 18, 2018), p. 4. Simultaneously published in San Francisco Daily Journal (July 18, 2018), p. 4.

    Millionaires Leaving California Over Taxes Is Nothing New, Forbes.com (July 16, 2018).

    IRS Closing Offshore Account Amnesty, Here's How To Cut Huge Penalties, Forbes.com (July 9, 2018).

    IRS Offshore Account Amnesty Closing, How To Get In Under The Wire, Forbes.com (July 3, 2018).

    U.S. Taxes on Bitcoin and Other Crypto Impact Many Transactions, The European Financial Review (June - July 2018), p. 38.

    Do Crypto Trusts Save Taxes?, Cointelegraph (June 27, 2018).

    Bitcoin Trusts Avoid Taxes, Including $10,000 SALT Deduction Cap, Forbes.com (June 18, 2018).

    Bitcoin Options And Other Tax Dangers, Forbes.com (June 11, 2018).

    Taxes on Restricted Crypto and Options Can Be Confusing, Cointelegraph (May 21, 2018).

    As Prince Harry & Meghan Markle Wedding Arrives, So Do Taxes, Forbes.com (May 15, 2018).

    Fewer Americans Renounce Citizenship, But Taxes Still Drive Them, Forbes.com (May 14, 2018).

    Stormy Daniels, Michael Cohen, Giuliani, Trump & Taxes, Forbes.com (May 7, 2018).

    Lessons From Europe's Big Soccer Tax Evasion Cases, Global Assets (Spring 2018).

    Michael Cohen Takes Fifth, But Don't Try It On Your Taxes, Forbes.com (April 30, 2018).

    After Michael Cohen Raid, How To Get Attorney Client Privilege For Your Taxes, Forbes.com (April 24, 2018).

    Amend Your Tax Return Right After Filing? Be Careful, Forbes.com (April 23, 2018).

    Biggest Crypto Tax Debate Is Not What You Think, Cointelegraph (April 22, 2018).

    On Tax Day, Report Offshore Accounts Too, Forbes.com (April 16, 2018).

    Claiming Bitcoin 1031 Exchanges On Your 2017 Taxes, Forbes.com (April 9, 2018).

    As Tax Day Looms, 6 Month Extension Has Big Benefits, Forbes.com (April 2, 2018).

    Dear IRS, I Don't Actually Own That Bitcoin, Forbes.com (March 28, 2018).

    Skipped FATCA Disclosures Can Be Criminal, Forbes.com (March 27, 2018).

    Despite DMX Tax Evasion Guilty Plea, Feds Want 5 Years Prison, Forbes.com (March 26, 2018).

    IRS Warns Not To Inflate Your Tax Deductions, Forbes.com (March 20, 2018).

    How Not to Panic If Coinbase is Turning Over Your Info to the IRS, by Dashiell Shapiro, Cointelegraph (March 5, 2018).

    At Tax Time, Who Really Owns That Crypto Anyway?, Cointelegraph (March 2, 2018).

    Oscars $100K Swag Bag's Taxing Price Tag, Forbes.com (March 2, 2018).

    Meghan Markle Marriage to Prince Harry Proves US Taxes Can Be a Royal Pain, The European Financial Review (February - March 2018), p. 44.

    Using Bitcoin For Taxes...Triggers More Taxes, Forbes.com (February 26, 2018).

    How To Transfer Bitcoin Without Triggering Taxes, Forbes.com (February 21, 2018).

    Tax-Free Ways to Transfer Bitcoin and Other Crypto, Cointelegraph (February 17, 2018).

    Paying Tax in Crypto Ironically Triggers More Taxes, Cointelegraph (February 14, 2018).

    Is Puerto Rico а Crypto Tax Paradise?, by Dashiell C. Shapiro, Cointelegraph (February 10, 2018).

    How Financial Instruments Help to Avoid Big Crypto Tax Bills?, by Dashiell C. Shapiro, Cointelegraph (February 1, 2018).

    IRS Forms 1099 Impact Your Taxes, But Don't Ask For Missing 1099s, Forbes.com (January 29, 2018).

    Bitcoin IRS Tax Amnesty...Sort Of, Forbes.com (January 26, 2018).

    How to Guarantee a More Predictable Tax Result Until IRS Has a Special Crypto Amnesty, Cointelegraph (January 23, 2018).

    $10K State Tax Deduction Cap Prompts Bold Moves To Skirt California Taxes, Forbes.com (January 8, 2018).

    States Are Fighting Tax Reform, Los Angeles Daily Journal (January 9, 2018), p. 6. Simultaneously published in San Francisco Daily Journal (January 9, 2018), p. 6.

    Crypto Tax Tips To Start 2018 Right, Cointelegraph (January 7, 2018).

    Big Gains Could Mean Big Taxes For New Bitcoin Millionaires, Los Angeles Daily Journal (January 2, 2018), p. 4. Simultaneously published in San Francisco Daily Journal (January 2, 2018), p. 4.

     

     

     

    TAX COLUMNS IN FORBES

     

    Need A Tax Opinion? Here's Why You Might Want One For IRS, Forbes.com (November 5, 2018).

    Wesley Snipes Loses $23.5 Million Tax Case, Offers IRS Tiny 4% Compromise, Forbes.com (November 2, 2018).

    In Weinstein Sex Harassment Settlements, Taxes Await Plaintiffs, Forbes.com (October 30, 2018).

    How Long Can IRS Audit? Tips To Cut Years And Audit Risks, Forbes.com (October 29, 2018).

    $289M Monsanto Weedkiller Verdict Cut To $78M, Taxes Still High, Forbes.com (October 24, 2018).

    $1.6 Billion Lottery Winner Will Face Huge Taxes, Possible Lawsuits, Forbes.com (October 23, 2018).

    Actually, Trump Tax Returns Are Unlikely To Be Audited, How About Yours?, Forbes.com (October 8, 2018).

    Elon Musk's $40M SEC Settlement; Nice Tax Deduction?, Forbes.com (October 1, 2018).

    Hush Money And Taxes: 7 Things To Know (Shhh!), Forbes.com (September 20, 2018).

    Serena Williams Fines: At Least They Are Tax-Deductible, Forbes.com (September 10, 2018).

    Do You Have Attorney-Client Privilege With Your Accountant? Here's A Workaround, Forbes.com (September 4, 2018).

    How Sexual Harassment Plaintiffs Are Double Taxed By Trump Tax Law, Forbes.com (August 27, 2018).

    Like Prince, Aretha Franklin Died Without A Will. Why You Should Have One, Forbes.com (August 23, 2018).

    Tax Tips From Manafort Conviction That Might Keep IRS Away, Forbes.com (August 22, 2018).

    Receive An IRS Summons? Here's What To Do, Forbes.com (August 21, 2018).

    How Much Is $100 Worth In Your State?, Forbes.com (August 16, 2018).

    How IRS Taxes Kill Plaintiff's $289M Monsanto Weedkiller Verdict, Forbes.com (August 13, 2018).

    Trump Tax Law Hurts Personal Injury Suit Settlements, Forbes.com (August 6, 2018).

    IRS & FATCA Hunt Offshore Accounts, Forbes.com (August 2, 2018).

    Bank Letters About Foreign Accounts: What To Do, Forbes.com (July 31, 2018).

    Taxable Income But No Cash? What To Tell IRS, Forbes.com (July 24, 2018).

    Millionaires Leaving California Over Taxes Is Nothing New, Forbes.com (July 16, 2018).

    IRS Closing Offshore Account Amnesty, Here's How To Cut Huge Penalties, Forbes.com (July 9, 2018).

    IRS Offshore Account Amnesty Closing, How To Get In Under The Wire, Forbes.com (July 3, 2018).

    Emotional Distress Damages Are Taxable, Physical Sickness Damages Are Not, How Come?, Forbes.com (June 25, 2018).

    Bitcoin Trusts Avoid Taxes, Including $10,000 SALT Deduction Cap, Forbes.com (June 18, 2018).

    Bitcoin Options And Other Tax Dangers, Forbes.com (June 11, 2018).

    Sexual Harassment Tax Law That Double-Taxes Victims Needs Fixing, Forbes.com (June 6, 2018).

    As Fox Settles Suits Without Confidentiality, Will Nondisclosure Provisions Disappear?, Forbes.com (May 17, 2018).

    As Prince Harry & Meghan Markle Wedding Arrives, So Do Taxes, Forbes.com (May 15, 2018).

    Fewer Americans Renounce Citizenship, But Taxes Still Drive Them, Forbes.com (May 14, 2018).

    Stormy Daniels, Michael Cohen, Giuliani, Trump & Taxes, Forbes.com (May 7, 2018).

    Michael Cohen Takes Fifth, But Don't Try It On Your Taxes, Forbes.com (April 30, 2018).

    After Michael Cohen Raid, How To Get Attorney Client Privilege For Your Taxes, Forbes.com (April 24, 2018).

    Amend Your Tax Return Right After Filing? Be Careful, Forbes.com (April 23, 2018).

    On Tax Day, Report Offshore Accounts Too, Forbes.com (April 16, 2018).

    Claiming Bitcoin 1031 Exchanges On Your 2017 Taxes, Forbes.com (April 9, 2018).

    As Tax Day Looms, 6 Month Extension Has Big Benefits, Forbes.com (April 2, 2018).

    Dear IRS, I Don't Actually Own That Bitcoin, Forbes.com (March 28, 2018).

    Skipped FATCA Disclosures Can Be Criminal, Forbes.com (March 27, 2018).

    Despite DMX Tax Evasion Guilty Plea, Feds Want 5 Years Prison, Forbes.com (March 26, 2018).

    IRS Warns Not To Inflate Your Tax Deductions, Forbes.com (March 20, 2018).

    Stormy Daniels Returning $130K Trump Settlement Won't Escape IRS Taxes, Forbes.com (March 19, 2018).

    New Tax On Lawsuit Settlements — Legal Fees Can't Be Deducted, Forbes.com (March 12, 2018).

    Oscars $100K Swag Bag's Taxing Price Tag, Forbes.com (March 2, 2018).

    Using Bitcoin For Taxes...Triggers More Taxes, Forbes.com (February 26, 2018).

    How To Transfer Bitcoin Without Triggering Taxes, Forbes.com (February 21, 2018).

    IRS Forms 1099 Impact Your Taxes, But Don't Ask For Missing 1099s, Forbes.com (January 29, 2018).

    Bitcoin IRS Tax Amnesty...Sort Of, Forbes.com (January 26, 2018).

    Contingent Fee Lawyers Dodge Bullet In Tax Reform, Forbes.com (January 9, 2018).

    $10K State Tax Deduction Cap Prompts Bold Moves To Skirt California Taxes, Forbes.com (January 8, 2018).

    Ironically, Weinstein Tax On Sexual Harassment Settlements May Hurt Plaintiffs Too, Forbes.com (January 3, 2018).

     

     

     

    TAX COLUMNS IN DAILY JOURNAL

     

    Offshore Bank Accounts And FATCA Worries Continue, Los Angeles Daily Journal (July 18, 2018), p. 4. Simultaneously published in San Francisco Daily Journal (July 18, 2018), p. 4.

    Will Employee Classification Ruling Just Lead To Even More Lawsuits?, Los Angeles Daily Journal (June 20, 2018), p. 4. Simultaneously published in San Francisco Daily Journal (June 20, 2018), p. 4.

    New Tax Law’s Plaintiff Tax: No Deduction For Legal Fees, Daily Journal Verdicts & Settlements (March 9, 2018), p. 4.

    States Are Fighting Tax Reform, Los Angeles Daily Journal (January 9, 2018), p. 6. Simultaneously published in San Francisco Daily Journal (January 9, 2018), p. 6.

    Contingency Fee Lawyers Dodge Bullet In Tax Reform, Los Angeles Daily Journal (January 5, 2018), p. 6. Simultaneously published in San Francisco Daily Journal (January 5, 2018), p. 6.

    Big Gains Could Mean Big Taxes For New Bitcoin Millionaires, Los Angeles Daily Journal (January 2, 2018), p. 4. Simultaneously published in San Francisco Daily Journal (January 2, 2018), p. 4.

     

     

     

    TAX COLUMNS IN COINTELEGRAPH

     

    Do Crypto Trusts Save Taxes?, Cointelegraph (June 27, 2018).

    Taxes on Restricted Crypto and Options Can Be Confusing, Cointelegraph (May 21, 2018).

    Biggest Crypto Tax Debate Is Not What You Think, Cointelegraph (April 22, 2018).

    How Not to Panic If Coinbase is Turning Over Your Info to the IRS, by Dashiell Shapiro, Cointelegraph (March 5, 2018).

    At Tax Time, Who Really Owns That Crypto Anyway?, Cointelegraph (March 2, 2018).

    Tax-Free Ways to Transfer Bitcoin and Other Crypto, Cointelegraph (February 17, 2018).

    Paying Tax in Crypto Ironically Triggers More Taxes, Cointelegraph (February 14, 2018).

    Is Puerto Rico а Crypto Tax Paradise?, by Dashiell C. Shapiro, Cointelegraph (February 10, 2018).

    How Financial Instruments Help to Avoid Big Crypto Tax Bills?, by Dashiell C. Shapiro, Cointelegraph (February 1, 2018).

    How to Guarantee a More Predictable Tax Result Until IRS Has a Special Crypto Amnesty, Cointelegraph (January 23, 2018).

    Crypto Tax Tips To Start 2018 Right, Cointelegraph (January 7, 2018).