Archive | Sexual Harassment

Tax Planning for Sexual Harassment Claims – Part 2

October 08, 2016  |   Posted by :   |   Sexual Harassment   |   0 Comments

US Taxpayers who receive Foreign Gifts from Foreign Persons More than $100,000 (from Non-Resident Alien(“NRA”) or Foreign Estate, which includes foreign persons related to NRA or Foreign Persons related to Foreign Estate) or more than $15,601(as gifts from foreign corporation/partnerships) must file Form 3520 and declare those gifts annually or be subject to penalties. The […]

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Tax Planning for Settlement of Sexual Harassment Claims

October 06, 2016  |   Posted by :   |   Sexual Harassment   |   0 Comments

Unlike many civil lawsuits, sexual harassment claims include the risk of criminal prosecution. During civil discovery evidence may be introduced which is admissible for eventual criminal prosecution for a multitude of crimes: rape, assault and battery. The “stakes” are very high, tensions may run very hot and those involved may be willing to play “scorched […]

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Tax Planning for Sexual Harassment Claims: Foreign Trust Distributions

October 05, 2016  |   Posted by :   |   Sexual Harassment   |   0 Comments

For parties involved in sexual harassment claims when payment is made to a US taxpayer (i.e. US Citizen/Income Tax Resident) from a Foreign (i.e. Non-US) Trust special tax reporting rules apply under IRC 6677. For failure to file the Form 3520 information return to report the receipt of foreign trust distribution, the IRS may assess […]

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Income Gift Tax Planning: Sexual Harassment Settlements

October 04, 2016  |   Posted by :   |   Sexual Harassment   |   0 Comments

After extensive tax research, I have devised a “cutting edge tax strategy” which is a variation on lawsuit settlements where the settlement is a charitable gift (which type of gift tax planning was recently reported in the Depp-Heard divorce, which according to published reports may have given Depp significant income tax benefits). In my tax […]

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Tax Planning for Sexual Harassment Claims: US Taxpayer Foreign Gifts

September 28, 2016  |   Posted by :   |   Sexual Harassment   |   0 Comments

Recently, I published an article in CA CEO and Lorman Education Services on the topic, “Tax Planning for Sexual Harassment Claims.” When the parties involve a payor who is an international (i.e. non-US person) intricate tax reporting rules may arise under IRS Form 3520 which requires an annual report be filed for US taxpayers who […]

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Tax Planning for Sexual Harassment Claims

September 07, 2016  |   Posted by :   |   Sexual Harassment   |   0 Comments

2016 has been a watershed year. For the first time, wealthy and powerful American men (e.g. Bill Cosby, Roger Ailes) are being sued, publicly scrutinized and facing major civil and/or criminal consequences for their alleged predatory sexual conduct in which they allegedly used their power and influence to sexually harass (or rape) many women. In […]

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