2024

TOPICS:

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

TAXATION OF DAMAGE AWARDS

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

TAX COLUMNS IN FORBES

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

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).

TAX COLUMNS IN INTERNATIONAL BUSINESS TIMES