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Taxes eat up many legal settlements, and Colin Kaepernick's possible $60 to $80 million NFL payday is no exception. [Read More]
Companies write off numerous legal settlements, usually requiring confidentiality. Some tax rules have hanged, but plaintiffs seem to always get stuck paying taxes, sometimes on... [Read More]
Serena Williams was fined, but at least she can write off the fines as business expenses. [Read More]
Conversations with your accountant are not protected by attorney client privilege. If you fear the IRS, consider hiring a lawyer first. [Read More]
Sexual harassment plaintiffs can be surprised by taxes, and Congress has not yet corrected the mistaken law. [Read More]
Dying without a will seems common among entertainers. Here's why everyone should have basic estate documents, even if you do them yourself. [Read More]
Tax lessons courtesy of Paul Manafort could just keep you out of trouble with the IRS. [Read More]
Taxes matter, and where you live can make a big difference in how much money you get to keep. [Read More]
Trump's tax law adds taxes to some personal injury case proceeds, so be careful of the new rules. [Read More]
Although IRS amnesty is ending, the IRS still have an ever growing treasure trove of information about offshore accounts. [Read More]
Banks all over the world are reporting Americans to the IRS for offshore accounts. Don't assume that form letter is a joke. [Read More]
How can you have taxable income and owe taxes even when you don't actually receive any cash? Careful, it happens more than you might think. [Read More]
A study says California tax hikes caused some millionaires to move out. But many high income Californians have long made tax moves, especially before big... [Read More]
The IRS tax amnesty known as OVDP closes soon. But opting out once you are in can be a money saving tax play. [Read More]
IRS amnesty for offshore accounts is ending. Here's what you need to do to get in before it does. [Read More]
Most legal settlements are taxable, but how you posture your case and write the settlement agreement can sometimes yield tax free damages. [Read More]
Crypto trusts can skirt state taxes and help avoid the $10,000 SALT deduction cap. But will they work? [Read More]
IRS is attracted to Bitcoin and other crypto, and is finding new ways to apply tax rules. Options are not tax free either. [Read More]
Sexual harassment victims can't write off their lawyer's fees if they agree to confidentiality, says a new law. But everyone seems to agree this law... [Read More]
Fox settled suits by 18 former employees without confidentiality provisions. The tax law now penalizes confidentiality, so omitting nondisclosure provisions can make business sense. [Read More]