We are known as the “go to” lawyers for the tax treatment of legal settlements and judgments nationally. Robert W. Wood is considered the “preeminent authority for tax practitioners on the federal taxation of damages and settlement payments.” (Gibbs, Tax Notes, April 18, 2005, p. 393.)
Wood authored BNA’s Tax Management Portfolio as well as Taxation of Damage Awards and Settlement Payments, now in its Fifth Edition (Tax Institute © 2021).
We represent plaintiffs, defendants, and lawyers nationwide. We render tax advice as cases are settling, and render tax opinions after cases are resolved. We also form and advise qualified settlement funds; Wood authored the first legal treatise on this subject, Qualified Settlement Funds and Section 468B (Tax Institute).
- When Mediating Legal Disputes, Think Taxes, Vol. 166, No. 11, Tax Notes Federal (March 16, 2020), p. 1779.
- Settlement Awards Post-TCJA, Vol. 159. No. 12, Tax Notes (June 18, 2018), p. 1771.
- Taxing Emotional Distress and Physical Sickness: Chicken or Egg?, Vol. 157, No. 11, Tax Notes (December 11, 2017), p. 1635.
- 12 Ways to Deduct Legal Fees Under New Tax Laws, Vol. 165, No. 1, Tax Notes Federal (October 7, 2019), p. 111.
- Taxes and Settlement Agreement Wording Underscored Again, Vol. 172, No. 6, Tax Notes Federal (August 9, 2021), p. 947.
- IRS Form 1099 Rules for Settlements and Legal Fees, Business Law Today, American Bar Association (January 28, 2020).
- President Obama and Damages for PTSD, Vol. 154, No. 10, Tax Notes (March 6, 2017), p. 1297.