2020 Articles

    TOPICS:

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

     

     

    TAXATION OF DAMAGE AWARDS

     

    Taxing Litigation Finance: Plaintiff, Lawyer, and Funder Tax Goals, Vol. 16, No. 10, Tax Notes Federal (June 8, 2020), p. 1735.

    Qualified Settlement Funds Facing Employment Taxes, Vol. 167, No. 6, Tax Notes Federal (May 11, 2020), p. 1009.

    When Mediating Legal Disputes, Think Taxes, Vol. 166, No. 11, Tax Notes Federal (March 16, 2020), p. 1779.

    Civil Rights Fee Deduction Cuts Tax on Settlements, Vol. 166, No. 9, Tax Notes Federal (March 2, 2020), p. 1481.

    (Still) Writing Off Confidential Sexual Harassment Settlements?, Vol. 166, No. 8, Tax Notes Federal (February 24, 2020), p. 1301.

    IRS Tax On Legal Settlements And Legal Fees, Forbes.com (February 19, 2020).

    Actually, Single-Claimant Settlement Funds Are Valid, Vol. 166, No. 6, Tax Notes Federal (February 10, 2020), p. 957.

    IRS Form 1099 Rules for Settlements and Legal Fees, Business Law Today, American Bar Association (January 28, 2020)

    Lemon Law Plaintiffs Face Tax Lemon on Legal Fees, Vol. 166, No. 2, Tax Notes Federal (January 13, 2020), p. 265.

     

     

     

    INDEPENDENT CONTRACTOR STATUS

     

    Uber & Lyft Ordered To Treat Drivers As Employees, Are Any Contractors Independent Now?, Forbes.com (August 11, 2020).

     

     

     

    MISCELLANEOUS

     

    How “Reasonable Cause” Sidesteps IRS Penalties, Business Law Today, American Bar Association (September 10, 2020)

    Do-It-Yourself Litigation Funding a la Novoselsky, Vol. 168, No. 9, Tax Notes Federal (August 31, 2020), p. 1665.

    Can Employment Plaintiffs Deduct Legal Fees Pai in Prior Years?, Vol. 168, No. 7, Tax Notes Federal (August 17, 2020), p. 1263.

    Founders and Substantial Risk of Forfeiture: What, Me Worry?, Vol. 168, No. 3, Tax Notes Federal (July 20, 2020), p. 459.

    Talkings 1099s: Answers to Eight Questions Attorneys Should Ask About the IRS Form, Washington State Bar News (September 2020).

    Tax Season 2020: Taxes Are Due July 15, But Extending Might Lower Audit Risk, International Business Times (June 14, 2020).

    Crypto Taxes Are Due July 15, but Be Careful — You May Need More Time, Cointelegraph (June 15, 2020).

    Tax Deductions For Paycheck Protection Expenses Remain In Doubt, Forbes.com (June 15, 2020).

    IRS Tax Deadline Is July 15, Extend To October To Cut Audit Risk?, Forbes.com (June 9, 2020).

    IRS Says You Can Amend Your Taxes Electronically, But Should You?, Forbes.com (June 1, 2020).

    House Passes Bill Expanding Paycheck Protection Program 8 To 24 Weeks, Cuts 75% Rule, Forbes.com (May 28, 2020).

    IRS Taxes Most Loan Forgiveness, Be Careful With Exceptions, Forbes.com (May 27, 2020).

    Workarounds for Plaintiffs & Lawyers Under New Tax Law, Business Law News (Issue 1, 2020), p.38.

    Employment and Other Legal Settlements Think Taxes, The Verdict (Spring 2020), p. 38.

    The Importance of Variable Prepaid Forward Contracts, Tax Notes Federal (April 6, 2020), p. 121.

    IRS, California Extend Tax Deadlines and Provide Relief, Tax Alert (March 26, 2020).

    IRS Eases Installments Due, Slows Audits, Sweeping Relief Puts People First, Forbes.com (March 25, 2020).

    Dear IRS, My Tax Mistake Was Not Willful, No Penalty?, Forbes.com (March 10, 2020).

    Dear IRS, Uber Or Whoever: My Form 1099 Is Wrong, Way Wrong, Forbes.com (March 4, 2020).

    IRS Gives Big Tax Reporting Break To Foreign Trusts, Forbes.com (March 3, 2020).

    When IRS Asks About Cryptocurrency On Your Taxes, Answer Carefully, Forbes.com (February 28, 2020).

    Sign IRS Tax Returns Under Penalty Of Perjury, Don’t Take It Lightly, Forbes.com (February 24, 2020).

    IRS Tax On Legal Settlements And Legal Fees, Forbes.com (February 19, 2020).

    Real Oscar Winner: IRS, Collecting Tax On Each $225,000 ‘Gift’ Bag, Forbes.com (February 8, 2020).

    Goodbye California & High Taxes! Hello Residency Audit?, Forbes.com (February 4, 2020).

    IRS Intensifies Hunt For Crypto Tax Cheats, Forbes.com (January 29, 2020).

    Late IRS Form 1099? Don’t Request It, Here’s Why, Forbes.com (January 27, 2020).

    IRS Prepares for Battle on Cryptocurrency Reporting, Vol. 166, No. 4, Tax Notes Federal (January 27, 2020), p. 601.

    Legal Funding Impacts Taxes, On Funding & Later Settlement, Forbes.com (January 22, 2020).

    PG&E Gets $470 Million Tax Deduction For Fire Settlements, Forbes.com (January 21, 2020).

    IRS Forms 1099 Are Coming, Key Facts For Your Taxes, Forbes.com (January 13, 2020).

     

     

     

    TAX COLUMNS IN FORBES

     

    Opportunity Zone Investing Can Cut Your Tax Bill, Forbes.com (September 10, 2020).

    With Kentucky Derby Bets, IRS Wins Too, Forbes.com (September 5, 2020).

    This Biden Tax Hike Will Hit Mom & Pop Hard, Forbes.com (August 25, 2020).

    IRS Gives California Wildfire Victims Tax Extension To December 15, Forbes.com (August 25, 2020).

    IRS Allows Electronic Tax Return Amendments, Forbes.com (August 24, 2020).

    California Legislators Propose 0.4% Wealth Tax, Plus 16.8% Income Tax Rate, Forbes.com (August 17, 2020).

    New Record, Americans Give Up Citizenship, Avoiding IRS Taxes Forever, Forbes.com (August 14, 2020).

    Uber & Lyft Ordered To Treat Drivers As Employees, Are Any Contractors Independent Now?, Forbes.com (August 11, 2020).

    IRS Denied PPP Write-Offs, Congress May Restore Tax Deductions, Forbes.com (August 10, 2020).

    California 13.3% Tax Rate May Be Raised To 16.8%...Retroactively, Forbes.com (August 3, 2020).

    Garmin Hack’s $10M Ransom Payment, $10M Tax Deduction, Forbes.com (July 27, 2020).

    Plaintiff Wins Roundup Weedkiller Appeal But Faces IRS Taxes, Forbes.com (July 22, 2020).

    Tax Return Filed With IRS, But Should You Amend It?, Forbes.com (July 20, 2020).

    IRS Debunks Five Tax Refund Myths, Forbes.com (July 16, 2020).

    IRS Respects Do-Over, Unwound Transaction Has No Tax Impact, Forbes.com (July 14, 2020).

    Aggressive On Taxes? Disclosing On Your Return Helps With IRS, Forbes.com (July 13, 2020).

    IRS Wants Receipts? This Tax Case Says They Are Optional, Forbes.com (June 29, 2020).

    Marijuana Dispensaries Lose IRS Tax Fight Over FedEx Delivery, Forbes.com (June 23, 2020).

    Tax Deductions For Paycheck Protection Expenses Remain In Doubt, Forbes.com (June 15, 2020).

    IRS Tax Deadline Is July 15, Extend To October To Cut Audit Risk?, Forbes.com (June 9, 2020).

    IRS Says You Can Amend Your Taxes Electronically, But Should You?, Forbes.com (June 1, 2020).

    House Passes Bill Expanding Paycheck Protection Program 8 To 24 Weeks, Cuts 75% Rule, Forbes.com (May 28, 2020).

    IRS Taxes Most Loan Forgiveness, Be Careful With Exceptions, Forbes.com (May 27, 2020).

    Shelter In Place In California, Pay California Tax?, Forbes.com (May 19, 2020).

    3 Virus-Related Tax Credits IRS Pays In Cash Long Before Tax Time, Forbes.com (May 11, 2020).

    Congress Could Reverse IRS Denial Of Tax Deductions For Paycheck Protection Expenses, Forbes.com (May 2, 2020).

    IRS Denies Tax Deductions For Wages, Rent Paid With Forgivable PPP Loans, Forbes.com (April 30, 2020).

    IRS Eases Tax Enforcement During Virus Shutdown, Forbes.com (April 20, 2020).

    IRS Allows Faxed Tax Refund Claims, Here’s How, Forbes.com (April 13, 2020).

    IRS Allows Wide Use Of Net Operating Losses, Even Tax Refunds, Forbes.com (April 13, 2020).

    FAQs On Paycheck Protection Loans, Forbes.com (April 9, 2020).

    Forgivable Paycheck Loan Or Tax Credit: You Can’t Claim Both, Which Is Better?, Forbes.com (April 6, 2020).

    Claiming CARES Act Tax Credits To Keep Employees, Forbes.com (April 2, 2020).

    IRS Explains Coronavirus Tax Credit Details, Including Advances, Forbes.com (April 1, 2020).

    Stimulus Check FAQs, Forbes.com (March 31, 2020).

    IRS Gives Stimulus Check Distribution Details, Says Payments To Begin Within Three Weeks, Forbes.com (March 30, 2020).

    12 IRS (Non-Stimulus) Tax Rules You’ll Need This Year, Forbes.com (March 30, 2020).

    IRS Eases Installments Due, Slows Audits, Sweeping Relief Puts People First, Forbes.com (March 25, 2020).

    Dear IRS, My Tax Mistake Was Not Willful, No Penalty?, Forbes.com (March 10, 2020).

    Dear IRS, Uber Or Whoever: My Form 1099 Is Wrong, Way Wrong, Forbes.com (March 4, 2020).

    IRS Gives Big Tax Reporting Break To Foreign Trusts, Forbes.com (March 3, 2020).

    When IRS Asks About Cryptocurrency On Your Taxes, Answer Carefully, Forbes.com (February 28, 2020).

    Sign IRS Tax Returns Under Penalty Of Perjury, Don’t Take It Lightly, Forbes.com (February 24, 2020).

    IRS Tax On Legal Settlements And Legal Fees, Forbes.com (February 19, 2020).

    Real Oscar Winner: IRS, Collecting Tax On Each $225,000 ‘Gift’ Bag, Forbes.com (February 8, 2020).

    Goodbye California & High Taxes! Hello Residency Audit?, Forbes.com (February 4, 2020).

    IRS Intensifies Hunt For Crypto Tax Cheats, Forbes.com (January 29, 2020).

    Late IRS Form 1099? Don’t Request It, Here’s Why, Forbes.com (January 27, 2020).

    Legal Funding Impacts Taxes, On Funding & Later Settlement, Forbes.com (January 22, 2020).

    PG&E Gets $470 Million Tax Deduction For Fire Settlements, Forbes.com (January 21, 2020).

    IRS Forms 1099 Are Coming, Key Facts For Your Taxes, Forbes.com (January 13, 2020).

     

     

     

    TAX COLUMNS IN DAILY JOURNAL

     

    House bill would extend Paycheck Protection Program to cover 24 weeks, Los Angeles Daily Journal (June 5, 2020), p. 6.

     

     

     

    TAX COLUMNS IN COINTELEGRAPH

     

    IRS Tax Warnings on Ethereum’s Fifth Anniversary, Cointelegraph (Aug 5, 2020).

    Crypto Tax Disclosures Can Help With Internal Revenue Service, Cointelegraph (July 21, 2020).

    Crypto Taxes Are Due July 15, but Be Careful — You May Need More Time, Cointelegraph (June 15, 2020).

    Congress and IRS Virus Relief Allow Loss Carrybacks, Tax Refund Claims, Cointelegraph (April 20, 2020).

    Non-Stimulus Tax Rules You’ll Need This Year, Cointelegraph (April 10, 2020).

    During Coronavirus Pandemic, IRS Cuts Taxpayers Some Much Needed Slack, Cointelegraph (March 31, 2020).

    IRS Delays Tax Day to July 15, Still Monitors Crypto, Cointelegraph (March 20, 2020).

    IRS Crypto Tax Return Question – Be Careful How You Answer, Cointelegraph (February 24, 2020).

    Crypto Tax Reporting Failures Can Be Expensive, Even Criminal, Cointelegraph (January 8, 2020).

     

     

     

    TAX COLUMNS IN INTERNATIONAL BUSINESS TIMES

     

    Did You 'Disclose' On Your Taxes? Here’s Why IRS Cares, International Business Times (August 2, 2020).

    Tax News: Be Careful, IRS Can Even Dispute FedEx Filings, International Business Times (June 27, 2020).

    Tax Season 2020: Taxes Are Due July 15, But Extending Might Lower Audit Risk, International Business Times (June 14, 2020).

    Got Losses? IRS Makes It Easier To Claim Losses On Your Taxes, International Business Times (April 18, 2020).

    Stimulus Check: Important Facts Taxpayers Need To Know About Payment, Eligibility, International Business Times (April 6, 2020).

    Tax Season 2020: IRS Eases Up On Tax Collections During Coronavirus Crisis, International Business Times (March 29, 2020).

    New Tax Deadline: What To Know About Filing Before July 15, 2020, International Business Times (March 24, 2020).

    Incorrect IRS Form 1099? How to Push Back, International Business Times (March 9, 2020).

    Tax Season 2020: Why The IRS Starts Surprise Knock-Knock Visits About Your Taxes, International Business Times (March 8, 2020).

    New IRS Tax Question: Can Yes Or No Trip You Up?, International Business Times (March 7, 2020).

    Penalties Of Perjury And IRS: Change Words On Form 1040, Get Audits Forever, International Business Times (February 16, 2020).

    Beware IRS Forms 1099 At Tax Time, Here’s Why, International Business Times (January 19, 2020).