Feb. 27, 2015
Rodman's groin shot echoes through tax law
Until Dennis Rodman came on the scene, there was no controversy about the tax treatment of confidentiality provisions.
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.
Resolving litigation usually involves income taxes. That is so whether the case is settled or goes to judgment. A defendant usually deducts the settlement or judgment, although some payments must be capitalized and deducted over time. Plaintiffs inevitably hope to minimize any taxes they face on their recovery.
Of course, plaintiffs also hope to minimize the tax impact of their attorney fees, something that isn't always easy. Depe...
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