Price: $224 OnDemand
Sign up today for an entire year of unlimited access to relevant, timely professional learning courses, including webinars, eLearning courses and OnDemand offerings, and keep your professional credits up to date. All for just $399.SUBSCRIBE NOW
Plaintiffs and defendants both worry about tax issues. Plaintiffs want tax free money, basis recovery, capital gain, and no withholding or attorney fee tax problems. Defendants want deductibility and do not want hidden tax traps or reporting problem after the settlement. We will explore current issues for both sides.
Tax advisers and litigation lawyers alike should learn (i) when it is too early to consider taxes and when it is too late; (ii) the impact of tax indemnity provisions on lawyers and Forms 1099 (including what to issue and why it matters); (iii) the bottom line about capital gain vs. ordinary income; (iv) whether self-serving tax language in settlement agreements is worthwhile; (v) how individuals can deduct legal fees and avoid alternative minimum tax problems; and (vi) how to defend your settlement on audit.
• Learn about the tax treatment of various types of damages and penalties in settlements
• Find out how best to structure damages/awards to withstand an IRS audit
• Understand what amount must be included in income and what can be excluded
• Learn about the deductibility of attorney fees
• Understand the treatment of legal fees relating to non-taxable awards or settlements
• Learn about the taxability of accrued interest on court judgments.
Who Would Benefit Most From Attending This Event?
Litigation lawyers; employment lawyers; general practice lawyers; tax lawyers; accountants, settlement planners and structured settlement brokers
Considered one of the leading tax lawyers in the United States, Robert W. Wood of Wood LLP (www.WoodLLP.com) is particularly well known for advising on the tax aspects of litigation recoveries. He is the author of the BNA portfolio on Tax Aspects of Settlements and Judgments (552-3rd T.M.), and the longer treatise, ‘Taxation of Damage Awards and Settlement Payments’ (Tax Institute), and many hundreds of published articles. He contributes regular tax columns to Forbes, Tax Notes and other publications.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)