2024

TOPICS:

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

TAXATION OF DAMAGE AWARDS

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

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

Are Trusts Tax-Saving, Tax-Neutral or Risky?, Los Angeles Daily Journal (January 23, 2024).

TAX COLUMNS IN INTERNATIONAL BUSINESS TIMES