2024
TOPICS:
- Taxation of Damage Awards
- Independent Contractor Status
- Miscellaneous
- Tax Columns in Forbes
- Tax Columns in Daily Journal
- Tax Columns in Cointelegraph
- Tax Columns in International Business Times
All articles written by Robert W. Wood (unless otherwise noted)
TAXATION OF DAMAGE AWARDS
Many 2020-2025 Wildfire Settlements To Be Retroactively Tax-Free, by Robert W. Wood and Alex Z. Brown, Los Angeles Daily Journal (December 12, 2024).
13 Tax Myths About Litigation Finance, Vol. 185, No. 9, Tax Notes Federal (December 2, 2024), p. 1811.
When Plaintiffs Get, and Defendants Pay, Tax Gross-Up Damages, by Robert W. Wood and Alex Z. Brown, Vol. 185, No. 8, Tax Notes Federal (November 25, 2024), p. 1587.
Navigating Litigation Funding Requires a Thorough and Careful Tax Strategy, Los Angeles Daily Journal (November 11, 2024).
Do Lawyers Need to Send IRS Forms 1099 to Their Own Clients? Here’s Why Not, Los Angeles Daily Journal (November 1, 2024).
Are PTSD Damages Always Excludable?, Vol. 54, No. 5, Forum, Consumer Attorneys of California (September/October 2024), p. 38.
Avoid General Releases Without Tax Language, Vol. 184, Tax Notes Federal (August 19, 2024), p. 1527.
PTSD Can Reduce Settlement Tax – But Not Always, Los Angeles Daily Journal (August 7, 2024).
Tax Court Rules $25 Million Lawsuit Settlement Is Taxable Despite PTSD, by Robert W. Wood and Alex Z. Brown, Vol. 184, Tax Notes Federal (August 5, 2024), p. 1115.
Structured Legal Fees and Ohtani’s $700 Million Tax Plan, by Robert W. Wood and Alex Z. Brown, Vol. 112, No. 6, Tax Notes State (May 6, 2024), p. 415.
Qualified Settlement Fund Interest: Who Gets It and Why, by Robert W. Wood and Alex Z. Brown, Vol. 183, No. 1, Tax Notes Federal (April 1, 2024), p. 113.
Landlord-Tenant Settlements: Excludable, Ordinary, or Capital?, by Robert W. Wood and Alex Z. Brown, Vol. 182, No. 12, Tax Notes Federal (March 18, 2024), p. 2211.
Do Tax Issues Impact Mediations?, Los Angeles Daily Journal (March 18, 2024).
Wildfire Legal Settlements In 2020–2025 Could Soon Be Free Of IRS Tax, Forbes.com (February 13, 2024).
Trump Can Write Off $83.3 Million Verdict, Carroll Pays Tax On 100%, Forbes.com (January 29, 2024).
Alec Baldwin, Indicted In Shooting Death, Can Write Off His Legal Fees, Forbes.com (January 22, 2024).
Lawyers Are Structuring Fees Despite IRS Attack, by Robert W. Wood and Alex Z. Brown, Vol. 182, No. 4, Tax Notes Federal (January 22, 2024), p. 675
Taxing Wildfire Lawsuit and Insurance Recoveries, by Robert W. Wood and Alex Z. Brown, Vol. 111, No. 2, Tax Notes State (January 8, 2024), p. 165
INDEPENDENT CONTRACTOR STATUS
MISCELLANEOUS
Rethinking Property, Terminations, And Gain After McKelvey, Part 2, by Robert W. Wood and Donald P. Board, Vol. 183, No. 7, Tax Notes Federal (May 13, 2024), p. 1231.
Rethinking Property, Terminations, And Gain After McKelvey, by Robert W. Wood and Donald P. Board, Vol. 183, No. 6, Tax Notes Federal (May 6, 2024), p. 1051.
TAX COLUMNS IN FORBES
Tax Bill Would Exempt Sex Abuse And Assault Settlements From IRS Taxes, Forbes.com (November 21, 2024).
11 Things Trump And Congress Might Do To Your Taxes, Forbes.com (November 18, 2024).
As People Look To Leave The U.S., Trump Ironically May Cut Their Taxes, Forbes.com (November 12, 2024).
In Lawsuit Settlement Agreements, Tax Language Is Very Important, Forbes.com (November 5, 2024).
Despite Mark Cuban, Kamala Harris Unrealized Gains Tax Remains In Play, Forbes.com (October 28, 2024).
Various IRS Disaster Area Tax Filings Are Due Nov. 1, Feb. 3 & May 1, Forbes.com (October 23, 2024).
Harris Tax Hikes On Top Incomes Will Hit Harder In High Tax States, Forbes.com (October 21, 2024).
Shohei Ohtani Record Baseball And Lawsuit About It Trigger IRS Taxes, Forbes.com (October 17, 2024).
Trump Vows End To Double Tax For Millions Of Americans Living Abroad, Forbes.com (October 14, 2024).
IRS Extends Hurricane Milton Tax Relief To Florida Until May 1, 2025, Forbes.com (October 11, 2024).
With Tax Changes Likely, Should You Collect Payments In 2024 Or 2025?, Forbes.com (September 30, 2024).
Settlement Agreements Without Tax Language Ask For Trouble, Forbes.com (September 24, 2024).
Harris And Trump Both Pledge Tax Changes, And 2025 Is A Perfect Storm, Forbes.com (September 23, 2024).
Kamala Harris’ 28% Capital Gains Tax Plan Is A Surprise. Here’s Why, Forbes.com (September 9, 2024).
Hunter Biden Pleads Guilty To Nine Tax Charges, Tax Lessons Emerge, Forbes.com (September 6, 2024).
Kamala Harris $400k Tax Vow Is Not Tied To Inflation & New Taxes Loom, Forbes.com (September 4, 2024).
Kamala Harris Plan To Tax Unrealized Capital Gain Is Scary, Here’s Why, Forbes.com (August 29, 2024).
Kamala Harris Has Big Plans For Your Taxes. Here Is What You Could Pay, Forbes.com (August 28, 2024).
Lawsuit Settlement Payment Was Ruled Taxable Despite PTSD, Here’s Why, Forbes.com (August 26, 2024).
Will Kamala Harris Proposed 28% Tax Rate Change Choice For Business?, Forbes.com (August 21, 2024).
Surprisingly, Taxes Are Present Even At Your Local Farmers’ Market, Forbes.com (August 5, 2024).
Will Kamala Harris’ Proposals Raise Your Taxes? Here Are 6 Ways They Might, Forbes.com (July 31, 2024).
How Tax Opinions Help Solidify Tax Positions And Prevent Penalties, Forbes.com (July 29, 2024).
If You Are Under Audit And IRS Asks For More Time, Should You Agree?, Forbes.com (July 16, 2024).
As More People Leave California Over Taxes, They May Face Tax Audits, Forbes.com (July 11, 2024).
California Raises Taxes Again By Restricting Net Operating Loss Use, Forbes.com (July 8, 2024).
How IRS Taxes Legal Settlements And Legal Fees Surprises Plaintiffs, Forbes.com (June 30, 2024).
California Taxes Stock Options And Restricted Stock—Even After You Move, Forbes.com (June 29, 2024).
Skirting Sales Tax Might Seem Harmless, But Can Become Criminal, Forbes.com (June 28, 2024).
IRS Can Audit 3 Or 6 Years Back Or Sometimes Forever, States Can Too, Forbes.com (June 20, 2024).
Should You Handle Your Own IRS Tax Audit Or Hire A CPA Or Lawyer?, Forbes.com (June 17, 2024).
Dear IRS: This May Look Like My Income, But It Belongs To Someone Else, Forbes.com (June 13, 2024).
IRS Can Deny Charitable Tax Deductions When You Get Something Back, Forbes.com (June 3, 2024).
California Is Taxing Nonresidents. Here’s How To Avoid An Audit , Forbes.com (May 31, 2024).
California Capital Gain Tax Is 13.3%. Biden Has Proposed 44.6%, Forbes.com (May 30, 2024).
If You Pay Hush Money, You May Not Be Able To Deduct It On Your Taxes, Forbes.com (May 20, 2024).
Property Won’t Sell? Donate It, Claim Tax Write Off, Skip Capital Gain , Forbes.com (May 14, 2024).
Under Biden Tax Plan, Capital Gains Tax Will Exceed 50% In 11 States, Forbes.com (May 6, 2024).
Tax Return Disclosures Avoid IRS Penalties, Ease Or Prevent Audits, Forbes.com (April 30, 2024).
President Biden Has Proposed Tax Increases. Here Are 6 Of Them, Forbes.com (April 29, 2024).
Tax Lessons From The Trump Hush Money Trial Over Business Records, Forbes.com (April 14, 2024).
Will Putting Your Tax Return On Extension Increase IRS Audit Risk?, Forbes.com (April 12, 2024).
If You Filed Taxes And An Extension, IRS Allows Do-Over Return By Oct. 15, Forbes.com (April 11, 2024).
Some Taxpayers Beat The IRS In Court—Even If They Don’t Have Receipts, Forbes.com (March 31, 2024).
IRS Extends Tax Relief For Hawaii Wildfire Victims To August 7, 2024, Forbes.com (March 27, 2024).
In An IRS Audit, If You Don’t Have Receipts, Here’s A Workaround, Forbes.com (March 22, 2024).
You Are Asked To Sign IRS Form W-9 For Payment, What Are The Stakes?, Forbes.com (March 19, 2024).
Don’t Skip The IRS ‘Yes Or No’ Crypto Tax Question On 2023 Tax Returns, Forbes.com (March 13, 2024).
IRS And California Give San Diego Storm Victims Tax Relief Until June 17, Forbes.com (February 28, 2024).
If Your IRS Form 1099 Is Wrong, Here’s How To Correct It With The Agency, Forbes.com (February 26, 2024).
Why Trump’s $355 Million Civil Fraud Penalty Won’t Be A Simple Tax Write-Off, Forbes.com (February 20, 2024).
Wildfire Legal Settlements In 2020–2025 Could Soon Be Free Of IRS Tax, Forbes.com (February 13, 2024).
Loans Aren’t Taxed By IRS, But Disguised ‘Loans’ Can Be Criminal, Forbes.com (February 9, 2024).
‘Ultimate Tax Plan’ Lawyer Faces Jail Over Fake Charity Tax Write-Offs, Forbes.com (February 5, 2024).
Philly Cheesesteak Restaurant Owners Jailed Over $8 Million Tax Fraud Scheme, Forbes.com (February 2, 2024).
IRS Forms 1099 Arrive With Key Data Impacting Your Taxes—And Audits, Forbes.com (February 1, 2024).
Trump Can Write Off $83.3 Million Verdict, Carroll Pays Tax On 100%, Forbes.com (January 29, 2024).
IRS Is Hunting Bad ERC Tax Refund Claims Criminally, Urging Disclosure, Forbes.com (January 26, 2024).
IRS Warns That Crypto Income And Gains Must Be Reported On Tax Returns, Forbes.com (January 23, 2024).
IRS Extends Tax Deadlines Until June 17 For Connecticut Storm Victims, Forbes.com (January 22, 2024).
Alec Baldwin, Indicted In Shooting Death, Can Write Off His Legal Fees, Forbes.com (January 22, 2024).
California Is Taxing Nonresidents Who Sell Stock And LLC Interests, Forbes.com (January 16, 2024).
Ohtani’s $700 Million Contract Sparks California To Seek Tax Law Change, Forbes.com (January 11, 2024).
Conservation Easement Tax Shelter Promoters Get 23 And 25 Years Prison, Forbes.com (January 9, 2024).
California ‘Tax Break’ Is 14.4% Tax On Earnings, 13.3% On Capital Gain, Forbes.com (January 8, 2024).
California 13.3% Tax Is Now 14.4% In 2024 But Some Say Texans Pay More, Forbes.com (January 3, 2024).
TAX COLUMNS IN DAILY JOURNAL
Many 2020-2025 Wildfire Settlements To Be Retroactively Tax-Free, by Robert W. Wood and Alex Z. Brown, Los Angeles Daily Journal (December 12, 2024).
Tax Changes Are Just Around The Corner, But What Will They Be?, Los Angeles Daily Journal (November 25, 2024).
Navigating Litigation Funding Requires a Thorough and Careful Tax Strategy, Los Angeles Daily Journal (November 11, 2024).
Do Lawyers Need to Send IRS Forms 1099 to Their Own Clients? Here’s Why Not, Los Angeles Daily Journal (November 1, 2024).
Upcoming Tax Changes Could Hit Californians Harder Than Most, Los Angeles Daily Journal (October 16, 2024).
If Harris Wins, Will Unrealized Capital Gain Be Taxed?, Los Angeles Daily Journal (September 7, 2024).
FAQs About IRS Form 1099, Los Angeles Daily Journal (September 6, 2024).
PTSD Can Reduce Settlement Tax – But Not Always, Los Angeles Daily Journal (August 7, 2024).
The Perils of Handling Your Own Tax Audit or Dispute, Los Angeles Daily Journal (July 18, 2024).
Must You Amend Your Return?, Los Angeles Daily Journal (July 10, 2024).
Which is Better Tax-Wise, Selling or Giving to Charity?, Los Angeles Daily Journal (June 14, 2024).
An Expert Witness on Taxes?, Los Angeles Daily Journal (June 7, 2024).
Biden’s Proposed Tax Increases Will Hurt, Especially in California, Los Angeles Daily Journal (May 15, 2024).
Keeping Track of Crypto Tax Matters is Complex and Important , Los Angeles Daily Journal (May 1, 2024).
IRS Form 1099 Playbook, Los Angeles Daily Journal (April 3, 2024).
Do Tax Issues Impact Mediations?, Los Angeles Daily Journal (March 18, 2024).
How 1031 Exchanges Work, Including Controversial Drop & Swap Exchanges, Los Angeles Daily Journal (February 27, 2024).
Are Trusts Tax-Saving, Tax-Neutral or Risky?, Los Angeles Daily Journal (January 23, 2024).