Tax
Sep. 8, 2012
Patent suit recovery: ordinary or capital gain?
It is not merely an academic question; you'll care if one type of income is taxed at 35 percent and the other at only 15 percent.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Patents and other intellectual property are of enormous importance to American and to global businesses. If we didn't already know that, the Apple v. Samsung verdict and its worldwide headline news should bring the point home. From initial filing, licensing, litigation and sale, billions turn on these issues. Intellectual property lawyers may once have been thought of as backroom nerds. Today, they are legal lions.
And if bi...
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