2022 Articles

    TOPICS:

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

     

     

    TAXATION OF DAMAGE AWARDS

     

    Tax Myths About Wildfire Settlements, Robert W. Wood and Alex Z. Brown, Vol. 176, No. 5, Tax Notes Federal (August 1, 2022), p. 721. Reprinted in Vol. 105, No. 5, Tax Notes State (August 1, 2022), p. 505.

    Contingent-Fee Tax Planning, Anyone?, New York State Bar Association (July 14, 2022).

    Beware 12 Tax Myths in Employment Suit Settlements, Tax Notes Federal (July 11, 2022), p. 223.

    Be Careful: Some Sexual Assault Recoveries May Be Taxable, Robert W. Wood, Alex Z. Brown and Elizabeth A. McGee, Vol. 175, Tax Notes Federal (June 20, 2022), p. 1893.

    Tax Myths About Litigation Finance, Vol. 175, No. 10, Tax Notes Federal (2022), p. 1581.

    Qualified Settlement Fund Tax Myths, Vol. 175, No. 6, Tax Notes Federal (May 9, 2022), p. 913. Reprinted in Vol. 104, No. 6, Tax Notes State (May 9, 2022), p. 575.

    Tax Write Off of Legal Fees Simplified, Business Law Today, ABA (March 31, 2022).

    10 Legal Settlement Tax Myths Debunked (Part Two), Daily News (March 7, 2022).

    Bad Settlement Agreement Wording Spells Taxes - Again, Appeal Funding Partners (March 1, 2022).

    10 Legal Settlement Tax Myths Debunked (Part One), Daily News (February 18, 2022).

    Do Pooled and Law Firm Qualified Settlement Funds Qualify as QSFs, Vol. 174, No. 11, Tax Notes Federal (2022), p. 1547.

    Seven Tax Mistakes in Mediating Lawsuits, Vol. 174, No. 9, Tax Notes Federal (2022), p. 1253.

    Writing Off Legal fees Just Got a Little Easier, Vol. 174, No. 6, Tax Notes Federal (2022), p. 835.

     

     

     

    INDEPENDENT CONTRACTOR STATUS

     

     

     

     

    MISCELLANEOUS

     

    10 Things You Should Know About 1099s, Investopedia.com (May 10, 2021).

    Tax Work Can Be Exciting, Maybe Even Movie-Worthy, Vol. 175, No. 8, Tax Notes Federal (2022), p. 1223.

    Common Errors With the IRS Statute of Limitations, Vol. 175, No. 3, Tax Notes Federal (2022), p. 455.

     

     

     

    TAX COLUMNS IN FORBES

     

    If Musk Settles With Twitter, Taxes Play A Part, Forbes.com (July 20, 2022).

    Clint Eastwood Wins Suit Over Fake Advertising, IRS Wins Too, Forbes.com (July 18, 2022).

    Aretha Franklin Estate Settles IRS Tax Claims, Forbes.com (July 14, 2022).

    Boris Johnson’s Big Win? He Beat IRS, Forbes.com (July 10, 2022).

    California Is Taxing Nonresidents Who Never Even Visited—Really, Forbes.com (July 7, 2022).

    Leave U.S., Pay IRS Taxes Forever, Forbes.com (July 6, 2022).

    Supreme Court To Rule On IRS Penalty For Non-Willful Failure To Report Foreign Accounts, Forbes.com (June 22, 2022).

    This IRS Form 1099 Is Not Counted As ‘Income’ By IRS, Forbes.com (June 16, 2022).

    Chrisleys Are Convicted Of Tax Evasion & Bank Fraud, Don’t Know Best, Forbes.com (June 7, 2022).

    Johnny Depp Can Write Off Legal Fees, Amber Heard Can’t, Here’s Why, Forbes.com (June 6, 2022).

    Tax Bill On Johnny Depp And Amber Heard Damages Could Be Particularly Ugly, Forbes.com (June 2, 2022).

    IRS Tips From ‘Chrisley Knows Best’ Tax Evasion Trial, Forbes.com (June 1, 2022).

    In UCLA $700M Sex Abuse Settlements, IRS Should Not Share, Forbes.com (May 31, 2022).

    Do Crypto Losses Trigger Tax Losses With IRS?, Forbes.com (May 19, 2022).

    Court Rules IRS Is Too Late To Audit, Win For Taxpayers, Forbes.com (May 17, 2022).

    IRS Taxes Kentucky Derby Wins, But Can You Deduct Losses?, Forbes.com (May 9, 2022).

    Johnny Depp & Amber Heard Have Tax Issues Too, Forbes.com (May 2, 2022).

    Biden’s Scary Death & Wealth Tax Plans, Forbes.com (April 27, 2022).

    How IRS Can Tax ‘Gifts’ and Impose Big Penalties, Forbes.com (April 18, 2022).

    If You Hold Crypto For Someone Else, Can IRS Collect Taxes From You?, Forbes.com (April 5, 2022).

    Will Smith Oscars Slap Could Have Tax Impact Too, Forbes.com (April 1, 2022).

    Biden’s 20% ‘Billionaire’ Tax Hits $100M Up Taxing Unrealized Gains, Forbes.com (March 28, 2022).

    Oscar Nominees Pay Tax On $140,000 ‘Gifts’—IRS Form 1099 Says No Gift, Forbes.com (March 27, 2022).

    IRS Gives Crypto Tax Warning: Don’t Forget To Report, Forbes.com (March 20, 2022).

    April 18 Is Tax Day, Extend But Don’t File Late, Forbes.com (March 18, 2022).

    California Proposes Tax Increases Again With Wealth Tax, Forbes.com (March 7, 2022).

    Yes, You Can Fight IRS In Court, But Which Court?, Forbes.com (February 22, 2022).

    How To Write Off Legal Fees On Your Taxes, Forbes.com (February 17, 2022).

    Tax Facts About IRS Form 1099, Forbes.com (February 14, 2022).

    Jeopardy Champ Amy Schneider Faces Big Taxes On 40 Wins, Forbes.com (January 27, 2022).

    If An IRS Form 1099 Is Wrong, How To Disagree, Forbes.com (January 24, 2022).

    IRS Lists Top Ten Criminal Tax Cases Of 2021, Forbes.com (January 19, 2022).

    IRS Forms 1099 Arrive With Tax Dangers Galore, Forbes.com (January 18, 2022).

    Puerto Rico Tax Haven Is Alluring, But Are There Tax Risks?, Forbes.com (January 9, 2022).

     

     

     

    TAX COLUMNS IN DAILY JOURNAL

     

    Can You Exchange Out of California Real Estate Without Paying Taxes?, San Francisco Daily Journal (July 22, 2022)

    Taxing Confidentiality In Settlements, Another View, San Francisco Daily Journal (July 19, 2022)

    Big IRS Penalties Even for Non-Willful Violations?, San Francisco Daily Journal (July 13, 2022)

    Handling Employment Settlement Tax Issues, San Francisco Daily Journal (July 7, 2022)

    Tax Fire Victims? Unless the Law is Changed, Yes, Los Angeles Daily Journal (May 19, 2022).

     

     

     

    TAX COLUMNS IN COINTELEGRAPH

    Tips to claim tax losses with the US Internal Revenue Service, Cointelegraph (May 29, 2022).

     

     

     

     

    TAX COLUMNS IN INTERNATIONAL BUSINESS TIMES

     

    IRS Penalties Can Be Very Big Even For Innocent Mistakes, International Business Times (July 17, 2022).

    Joe Biden Plans To Raise Your Taxes, Here’s How, International Business Times (May 8, 2021).