Tax
Jun. 6, 2012
Investment loss lawsuits ramp up post-Facebook faceplant
If you or a client lost money and managed to pull off a recovery, will it go into your pocket or must you split it with the Internal Revenue Service?
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.
The Facebook IPO made history on its launch. Then it made history again with its precipitous market decline. As a result, the lawsuits are flying. More than a few lawyers and clients are surely hoping to get in on the rush. And that could prompt not only recoveries from this historic stock offering but some spillover effects into other investment loss cases too. To me, that means taxes.
If you or a client lost money and managed to pull...
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