2023
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
Loans, Prepaid Forward Contracts, and Portfolio Funding, by Robert W. Wood and Donald P. Board, Vol. 181, No. 11, Tax Notes Federal (December 11, 2023), p. 2015.
Employment Legal Settlement Withholding and IRS Form 4669, Vol. 180, No. 12, Tax Notes Federal (September 18, 2023), p. 2103.
Can Lawyers Write Off Client Costs As Current Business Expenses?, by Robert W. Wood and Donald P. Board, Vol. 180, No. 10, Tax Notes Federal (September 4, 2023), p. 1647.
FAQs on Taxes for Natural Disaster Victims, by Robert W. Wood and Alex Z. Brown, Vol. 180, No. 3, Tax Notes Federal (July 17, 2023), p. 401.
Founders Selling Stock or Settling Claims Want Tax Savings, Vol. 179, No. 5, Tax Notes Federal (May 1, 2023), p. 819.
Update on Structured Attorney Fees, Business Law Today (April 14, 2023).
Tax Basics for Personal Injury Cases, Trial Magazine (April 2023).
Update on Structured Attorney Fees, NYSBA Journal (March 23, 2023).
Employment Settlement Tax Hints, Arizona Attorney Magazine (January 2023), p.38.
IRS Targets Structured Legal Fees 28 Years After Childs, Vol. 178, No. 7, Tax Notes Federal (2023), p. 999.
INDEPENDENT CONTRACTOR STATUS
MISCELLANEOUS
Tax Returns: To Amend Or Not to Amend?, Vol. 180, No. 13, Tax Notes Federal (September 25, 2023), p. 2323.
A Quick Guide to Disputing California Tax Assessments, The Tax Adviser (September 1, 2023).
What To Do If You Get a California Tax Bill, Business Law Today (July 21, 2023).
Layman’s Guide to Handling an IRS Dispute, Vol. 180, No. 1, Tax Notes Federal (July 3, 2023), p. 107.
California Tax Disputes Are Difficult; These Tips May Help, Vol. 179, No. 8, Tax Notes State (May 22, 2023), p. 679.
A Great Tax Personality: Walter Blum, Vol. 179, Tax Notes Federal (May 22 2023), p. 1375.
TAX COLUMNS IN FORBES
IRS Extends Tennessee Storm & Tornado Victim Taxes To June 17, 2024, Forbes.com (December 22, 2023).
IRS Reveals Voluntary Disclosure Program To Pay Back ERC Tax Credits, Forbes.com (December 21, 2023).
Rudy Giuliani Can Write Off $148 Million Verdict While Plaintiffs Pay Tax On 100%, Forbes.com (December 18, 2023).
Ohtani’s $700 Million LA Dodgers Contract Avoids 14.4% California Tax, Forbes.com (December 14, 2023).
Hunter Biden Criminal Tax Charges Contain Universal Tax Lessons, Forbes.com (December 11, 2023).
IRS Disallows 20,000 ERC Tax Refund Claims As Enforcement Tightens, Forbes.com (December 6, 2023).
Swiss Banque Pictet Admits Conspiring With Americans To Hide Funds, Forbes.com (December 4, 2023).
If You Act Before Year-End, IRS Respects Do-Overs Unwinding Taxes, Forbes.com (November 28, 2023).
California Rakes In $269.3 Million In Cannabis Taxes From Q3 Of 2023, Forbes.com (November 28, 2023).
Most Married Couples File Taxes Jointly With IRS, But Should You?, Forbes.com (November 26, 2023).
Which Trusts Save Taxes, Which Do Not, And Which Are Illegal?, Forbes.com (November 24, 2023).
Tax Opinions Prevent IRS Penalties, And Seven Other Things To Know, Forbes.com (November 6, 2023).
Amending Your Tax Return Isn’t A True Do-Over—Unless You Use This Rule, Forbes.com (October 30, 2023).
California Copies IRS, Extends Oct. 2023 Tax Deadlines To Nov. 2023, Forbes.com (October 17, 2023).
IRS Extends Oct. 2023 Tax Deadlines To Nov. For Most Californians, Forbes.com (October 16, 2023).
IRS Gives Tax Extension To 10/7/24 For Israel Terrorist Attack Impact, Forbes.com (October 13, 2023).
Donate Art, Take Big Tax Deduction? IRS Issues Stern Warning, Forbes.com (October 6, 2023).
IRS Leaker Of IRS Tax Data To The Press Is Charged With Tax Crimes, Forbes.com (September 29, 2023).
IRS Gives Maine & Mass. Taxpayers Hurricane Tax Extension To Feb. 15, Forbes.com (September 26, 2023).
IRS Says Disability Pay Is Taxable Or Tax Free, Here’s How To Tell, Forbes.com (September 18, 2023).
New IRS Form 1099 Crypto Reporting Rules Bring More Taxes, Forbes.com (September 11, 2023).
IRS Gives Idalia Tax Relief & Feb. 15 Filing Date To South Carolina, Forbes.com (September 7, 2023).
IRS Gives Hurricane Idalia Victims Tax Extension To Feb. 15 + Relief, Forbes.com (August 30, 2023).
IRS Exempts Most State Tax Refunds, Some Other Payments From Tax, Forbes.com (August 30, 2023).
IRS Tips On Employee Retention Credit Refunds, ERC Audits & Fraud, Forbes.com (August 23, 2023).
IRS Delays Hawaii Wildfire Victims Tax Filing & Payments To Feb. 15, Forbes.com (August 18, 2023).
Trusts To Avoid California Tax Are Outlawed, Moving Away Still Works, Forbes.com (August 14, 2023).
Florida Lottery Ticket Wins $1.58 Billion, $493.5 Million After Taxes , Forbes.com (August 9, 2023).
IRS Lists Monetized Installment Sales As Abusive Transactions, Forbes.com (August 3, 2023).
Can CPAs Prepare Your Taxes For A Percent Of Your Tax Savings?, Forbes.com (August 1, 2023).
Ticket Wins $1.08B Powerball Jackpot Of $558.1M Cash $351.6M After Tax, Forbes.com (July 20, 2023).
IRS Gives Tax Relief, Extensions To Vermont Flood Victims, Forbes.com (July 13, 2023).
Hunter Biden & Wesley Snipes Both Have Misdemeanor Tax Convictions, Forbes.com (July 13, 2023).
To Leave California Over Taxes, Avoid These 10 Costly Mistakes, Forbes.com (July 8, 2023).
IRS Targets Schemes To Claim ERC Employee Retention Credits, Forbes.com (July 5, 2023).
IRS Gives Extra Time To Californians & Others In Disaster Areas, Forbes.com (June 28, 2023).
Tax Worries? You Don’t Have Attorney Client Privilege With Your Accountant, Forbes.com (June 27, 2023).
IRS Taxes Personal Injury Settlements, Here’s How, Forbes.com (June 23, 2023).
Tenants Settling Legal Disputes With Landlords Face Surprising Taxes, Forbes.com (June 15, 2023).
IRS Tax Lessons From Trump Indictment, Forbes.com (June 12, 2023).
Americans Abroad Must File IRS Taxes, Disclose Accounts & Assets, Forbes.com (May 31, 2023).
Debt Deal Cuts $21 Billion Of IRS $80 Billion, 87,000 New IRS Agents Stay, Forbes.com (May 28, 2023).
IRS Taxes Usually Apply If Your Debt Is Cancelled, Here Are The Exceptions, Forbes.com (May 15, 2023).
Hobby Or Business, Why It Matters To IRS & Your Taxes, Forbes.com (May 8, 2023).
IRS Extends April 18 Tax Deadline To Aug. 15 For Florida Storm Victims, Forbes.com (May 2, 2023).
How Insurance Bad Faith Recoveries Are Taxed, Forbes.com (April 29, 2023).
Fox $787 Million Dominion Settlement Tax Write Off Is No Surprise, Forbes.com (April 20, 2023).
If You Have To Repay Compensation, Will IRS Refund The Taxes?, Forbes.com (April 17, 2023).
How Lawsuit Structured Settlements Work And Are Taxed, Forbes.com (April 10, 2023).
Gwyneth Paltrow’s $1 Ski Trial Win Has A Strange Tax Twist, Forbes.com (April 3, 2023).
Hush Money And Taxes, Five Things To Know, Forbes.com (March 31, 2023).
IRS Gives New York Storm Victims Extension To May 15, Tax Relief, Forbes.com (March 24, 2023).
Fire Victims Wait Years For PG&E & Edison To Settle Then Face IRS Taxes, Forbes.com (March 20, 2023).
Oscars ‘Free’ Gifts Draw $46k Tax Bill From IRS + $16k From California, Forbes.com (March 12, 2023).
IRS Warns Of Employee Retention Credit Claim Fraud, Forbes.com (March 8, 2023).
In Kobe Bryant Crash Settlement, IRS Taxes And Fees Could Take 90%, Forbes.com (March 6, 2023).
Shipwrecked Whiskey May Be Worth $871 Million — And The IRS Taxes It, Forbes.com (March 1, 2023).
IRS Can Audit You For 3 Years & Often Longer, Here’s How To Tell, Forbes.com (February 22, 2023).
Should You ‘Disclose’ On Your Taxes & Will IRS Audit?, Forbes.com (February 21, 2023).
Leaving California Can Cut Your Taxes, But Be Careful, Forbes.com (February 13, 2023).
IRS Says 21 State Rebates—Including California Middle Class Tax Refunds—Are Not Taxable, Forbes.com (February 10, 2023).
When IRS Forms 1099 Are Wrong Or Missing, Forbes.com (February 6, 2023).
IRS Attacks Structured Attorney Fees 28 Years After Losing Key Tax Case, Forbes.com (January 17, 2023).
Fee To Renounce Citizenship To Drop, Reversing 422% Hike, Forbes.com (January 12, 2023).
IRS Extends April 18 Tax Deadline To May 15 For California Storm Victims, Forbes.com (January 10, 2023).
Forms 1099 Impact Your Taxes And IRS Audit Risk, Forbes.com (January 9, 2023).
TAX COLUMNS IN DAILY JOURNAL
Is Settling Now, Payment in January Constructive Receipt?, Los Angeles Daily Journal (November 21, 2023).
Is This Week’s IRS Extension a Double Mulligan?, Los Angeles Daily Journal (October 20, 2023).
Even Landlord Tenant Settlements Have Tax Issues, Los Angeles Daily Journal (October 9, 2023).
Employee Retention Credits Prompt IRS Audits, Los Angeles Daily Journal (September 27, 2023).
Can You Avoid California Tax Without Moving? Not Anymore, Los Angeles Daily Journal (August 29, 2023).
Taxing Disability Pay and Settlements, Los Angeles Daily Journal (August 14, 2023).
Tax Missteps if You Leave California, Los Angeles Daily Journal (July 21, 2023).
Navigating California Tax Disputes, Los Angeles Daily Journal (June 23, 2023).
Your Debt Was Canceled, But Now You Have Taxable Income, Los Angeles Daily Journal (June 12, 2023).
Sell Stock at a Big Gain But Pay No Tax?, Los Angeles Daily Journal (May 25, 2023).
Taxing Insurance Bad Faith Recoveries, Los Angeles Daily Journal (May 3, 2023).
Good News, You Found Something Valuable. Bad News, IRS Will Tax It, Los Angeles Daily Journal (April 14, 2023).
Wildfire Victims Wait Years for Settlements, Then Face IRS Taxes, Los Angeles Daily Journal (April 4, 2023).
Leave California Taxes, Don’t Worry, Be Happy?, Los Angeles Daily Journal (March 21, 2023).
IRS Extends Deadlines For Taxpayers In California Disaster Areas, Los Angeles Daily Journal (March 8, 2023).
IRS Rules California Middle Class Tax Refunds Are Not Taxable, Los Angeles Daily Journal (February 16, 2023).
“Reasonable cause” avoids IRS penalties, Los Angeles Daily Journal (January 26, 2023).
IRS Targets Structured Fee Tax Deferrals for Plaintiff Lawyers, Los Angeles Daily Journal (January 11, 2023).
TAX COLUMNS IN INTERNATIONAL BUSINESS TIMES
Which Tax Mistakes Avoid IRS Penalties?, International Business Times (February 20, 2023).