2022

TOPICS:

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

 

 

TAXATION OF DAMAGE AWARDS

 

Lawyer Tax Planning With Structured Fees, Vol. 27, No. 2, NYLitigator (2022), p. 15.

Tax Mistakes in Legal Settlements, Vol. 27, No. 1, NYLitigator (2022), p. 17.

Plaintiffs, Whistleblowers, Legal Fees, and Taxes, Vol. 177, Tax Notes Federal (2022), p. 565.

Employment Settlement Tax Misconceptions, Business Law Today, ABA (October 17, 2022).

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?, Vol. 94, No. 5, New York State Bar Association Journal (September/October 2022), p. 37.

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

 

Facts About IRS Audits To Keep You Out of Trouble, Vol. 27, No. 1, NYLitigator (2022), p. 27.

Plaintiff Lawyer Tax Benefits Other Lawyers Don’t Get, Business Law Today, ABA (September 12, 2022).

Reasonable Basis, Underdog of Tax Opinions, Vol. 176, Tax Notes Federal (August 22, 2022), p. 1263.

11 Tax Myths About IRS Form 1099, Vol. 176, Tax Notes Federal (July 25, 2022), p. 563.

10 Things You Should Know About 1099s, Investopedia.com (May 10, 2022).

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

 

Dennis Rodman Tax Case Is About Confidentiality, Forbes.com (November 14, 2022).

$2.04 Billion Powerball Winner Takes Home $628 Million After Taxes, Forbes.com (November 9, 2022).

$50,000 Vs. $2.72 Million: Supreme Court Weighs Steep IRS Penalties On Foreign Bank Accounts, Forbes.com (November 3, 2022).

IRS Extends Filing Date For 2019 & 2020 Tax Returns For COVID Penalty Relief In Disaster Areas, Forbes.com (October 19, 2022).

Worried About Layoffs? Understanding How The IRS Taxes Severance Pay Can Help, Forbes.com (October 17, 2022).

Man Gets Ten Years In Prison For Tax Fraud With PPP Loans & Pro Athletes, Forbes.com (October 5, 2022).

Wildfire Settlements Are Now Tax Free In California & Taxed By IRS, Forbes.com (October 5, 2022).

IRS Extends Tax Deadlines For Hurricane Ian Victims In North Carolina And South Carolina, Forbes.com (October 5, 2022).

FBAR Deadline For Hurricane Victims In Puerto Rico, North & South Carolina & Alaska Is Now 2/15/23, Forbes.com (October 7, 2022).

Tax Collections Are Up 23% As Inflation, Wages And Profits Rise, Forbes.com (September 22, 2022).

IRS Extends Tax Deadlines For Hurricane Victims In Puerto Rico, Forbes.com (September 20, 2022).

Harsh 19 Years Prison For False IRS Tax Returns, Forbes.com (September 19, 2022).

Taxes On $31 Million Kobe Bryant Verdict Make IRS Big Winner, Forbes.com (August 30, 2022).

IRS Cancels Millions Of Penalties And Will Issue Refunds To Taxpayers Who Already Paid Them, Forbes.com (August 25, 2022).

Three Tax Mistakes You Might Make Daily, Forbes.com (August 24, 2022).

Charlie Sheen Beats IRS, Slashes $7M Tax Bill To $3.3M, Forbes.com (August 19, 2022).

Amid Trump Passport Flap, Here’s How To Keep IRS From Taking Yours, Forbes.com (August 16, 2022).

Alex Jones Gets $49.3M Tax Write Off, Plaintiffs Have To Pay IRS Tax On Verdict, Forbes.com (August 9, 2022).

The Inflation Reduction Act Unleashes A Tougher IRS, Forbes.com (August 8, 2022).

IRS Extends Tax Return Due Dates For Kentucky Storm & Flood Victims, Forbes.com (August 2, 2022).

Winner Of $1.28 Billion Lottery Gets $433.7 Million After Tax, Forbes.com (July 30, 2022).

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

 

California Gives PG&E & Edison Fire Victims Tax Breaks, Los Angeles Daily Journal (October 31, 2022).

These Three Tax Rules Are Simple, Los Angeles Daily Journal (October 17, 2022).

IRS Form W-9 Requests and Backup Tax Withholding, San Francisco Daily Journal (October 7, 2022).

Twitter, Elon Musk, $1 Billion Fee and Taxes, Los Angeles Daily Journal (August 8, 2022).

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 INTERNATIONAL BUSINESS TIMES

 

Forget This Tax Form, IRS Gets 24%, International Business Times (October 30, 2022).

When IRS Form 1099 And Tax Returns Don’t Match, International Business Times (October 2, 2022).

Two Easy Ways To Avoid IRS Problems, International Business Times (September 25, 2022).

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