Robert W. Wood

Rob Wood is a tax lawyer at Wood LLP. He has a varied tax practice but is best known for advising on the tax treatment of legal settlements, litigation finance and qualified settlement funds. He is the author of several tax books on these topics, writes frequently for Tax Notes, Forbes and other publications, and serves as an expert witness on tax issues.

Articles written by this author:

Understanding IRS Forms 1099

Ignore them at your own peril

Robert W. Wood

2024 May

Your settlement agreement and IRS Form 1099

Exceptions to Form 1099 reporting of settlement payments

Robert W. Wood

2025 August

Tax treatment of settlements reached when the case is on appeal

A look at cases that settle after a verdict, either with punitive damages or on which interest is running, with special attention to taxes on the legal fees paid

Robert W. Wood

2025 October

Plaintiffs can still find ways to deduct legal fees from taxable income

No plaintiff believes that it is fair to pay taxes on portions of their recovery paid directly to their lawyer that they never see

Robert W. Wood

2026 January

The impact of taxes on personal-injury settlements may surprise you

Surprises at tax time like the non-deductibility of attorneys’ contingent fees can cause consternation to plaintiffs

Robert W. Wood

2026 April

Should binding mediation term sheets address taxes?

Taxes should be considered but when and how to address them varies

Robert W. Wood

2026 May