Tax Lawyer Rob Wood on the Tax Treatment of Litigation Recoveries

Rob Wood joins us to discuss his recent article in Tax Notes on the tax treatment of litigationrecoveries. In this case a settlement payment from Pizza Hut to a sausage supplier in the neighborhood of $15 million dollars for misappropriation of a trade secret.

The tax treatment of the settlement further highlights the need for expert tax consultation beforehand to avoid problems.

Read the Article PDF "Sausage, Capital Gain, and Settlement Payments"

Rob Wood is the host of the Tax Law Channel.  He is partner at Wood and Porter in San Francisco. This edition brought to you by ATG Trust.



Comments

[Darren]

I'll be listening to more Rob Wood before I do my taxes