2025
TOPICS:
- Taxation of Damage Awards
- Independent Contractor Status
- Miscellaneous
- Tax Columns in Forbes
- Tax Columns in Daily Journal
All articles written by Robert W. Wood (unless otherwise noted)
TAXATION OF DAMAGE AWARDS
Most Lawsuit Settlements Are Taxed By IRS, But Some Are Capital Gain, Forbes.com (March 26, 2025).
IRS Forms 1099 For Lawsuit Settlements Can Total 200% Of Amount Paid, Forbes.com (March 10, 2025).
After Legal Settlement Payment, You May Receive Two IRS Forms 1099, Forbes.com (February 27, 2025).
Unlike Trump’s $25 Million Meta Deal, Most Legal Settlements Are Taxed, Forbes.com (February 24, 2025).
IRS Forms 1099 for lawsuit settlements often total 200% of the payment, Los Angeles Daily Journal (February 19, 2025).
How Fire Victims Can Rebuild Without Tax On Their Insurance Proceeds, Forbes.com (February 13, 2025).
Federal Legislation Makes Wildfire Settlements Retroactively Tax Free, Tax Notes Federal (February 10, 2025).
Form 1099 Tax Reporting Guide for Lawsuit Settlements, by Robert W. Wood and Alex Z. Brown, Tax Notes Federal (February 3, 2025).
LA Wildfire Victims Should Use Caution Before Claiming A Casualty Loss, Forbes.com (January 27, 2025).
Tax triage for LA fire victims, Los Angeles Daily Journal (January 23, 2025).
Los Angeles Area Fire Victims May Also Have Tax Issues To Address, Forbes.com (January 22, 2025).
IRS Forms 1099 Are Key To Your Tax Filing, Here’s What To Know, Forbes.com (January 21, 2025).
INDEPENDENT CONTRACTOR STATUS
MISCELLANEOUS
Cancelled Debts Trigger IRS Taxes, Unless You Qualify For Exceptions, Forbes.com (March 25, 2025).
IRS Releases—And Debunks—Five Tax Myths About Getting Your Tax Refund, Forbes.com (March 17, 2025).
Before Filing Taxes, It Pays To Double-Check All Your IRS Forms 1099, Forbes.com (March 12, 2025).
How to fix IRS Form 1099 reporting errors, Los Angeles Daily Journal (March 5, 2025).
IRS Forms 1099 Can Be Wrong. Here’s What You Can Do About It, Forbes.com (February 22, 2025).
Ohtani Interpreter Gets Prison For $17 Million Theft — IRS Taxes Him, Forbes.com (February 18, 2025).
Why your IRS audit period might be longer than you think, Los Angeles Daily Journal (February 7, 2025).
Blake Lively and Justin Baldoni lawsuits have tax aspects, too, Los Angeles Daily Journal (January 28, 2025).
7 People Charged In Massive Covid-Related Tax Credit Scheme, Forbes.com (January 23, 2025).
IRS Audit Period Is 3 Years, 6 Years, Or More. Here’s How To Tell, Forbes.com (January 22, 2025).
IRS And California FTB Give Tax Relief To California Wildfire Victims, Forbes.com (January 12, 2025).
TAX COLUMNS IN FORBES
Most Lawsuit Settlements Are Taxed By IRS, But Some Are Capital Gain, Forbes.com (March 26, 2025).
Cancelled Debts Trigger IRS Taxes, Unless You Qualify For Exceptions, Forbes.com (March 25, 2025).
IRS Releases—And Debunks—Five Tax Myths About Getting Your Tax Refund, Forbes.com (March 17, 2025).
Before Filing Taxes, It Pays To Double-Check All Your IRS Forms 1099, Forbes.com (March 12, 2025).
IRS Forms 1099 For Lawsuit Settlements Can Total 200% Of Amount Paid, Forbes.com (March 10, 2025).
After Legal Settlement Payment, You May Receive Two IRS Forms 1099, Forbes.com (February 27, 2025).
Unlike Trump’s $25 Million Meta Deal, Most Legal Settlements Are Taxed, Forbes.com (February 24, 2025).
IRS Forms 1099 Can Be Wrong. Here’s What You Can Do About It, Forbes.com (February 22, 2025).
Ohtani Interpreter Gets Prison For $17 Million Theft — IRS Taxes Him, Forbes.com (February 18, 2025).
How Fire Victims Can Rebuild Without Tax On Their Insurance Proceeds, Forbes.com (February 13, 2025).
LA Wildfire Victims Should Use Caution Before Claiming A Casualty Loss, Forbes.com (January 27, 2025).
7 People Charged In Massive Covid-Related Tax Credit Scheme, Forbes.com (January 23, 2025).
IRS Audit Period Is 3 Years, 6 Years, Or More. Here’s How To Tell, Forbes.com (January 22, 2025).
Los Angeles Area Fire Victims May Also Have Tax Issues To Address, Forbes.com (January 22, 2025).
IRS Forms 1099 Are Key To Your Tax Filing, Here’s What To Know, Forbes.com (January 21, 2025).
IRS And California FTB Give Tax Relief To California Wildfire Victims, Forbes.com (January 12, 2025).
TAX COLUMNS IN DAILY JOURNAL
How to fix IRS Form 1099 reporting errors, Los Angeles Daily Journal (March 5, 2025).
IRS Forms 1099 for lawsuit settlements often total 200% of the payment, Los Angeles Daily Journal (February 19, 2025).
Why your IRS audit period might be longer than you think, Los Angeles Daily Journal (February 7, 2025).
Blake Lively and Justin Baldoni lawsuits have tax aspects, too, Los Angeles Daily Journal (January 28, 2025).
Tax triage for LA fire victims, Los Angeles Daily Journal (January 23, 2025).
TAX COLUMNS IN TAX NOTES
Federal Legislation Makes Wildfire Settlements Retroactively Tax Free, Tax Notes Federal (February 10, 2025).
Form 1099 Tax Reporting Guide for Lawsuit Settlements, by Robert W. Wood and Alex Z. Brown, Tax Notes Federal (February 3, 2025).