Michael Blum

Law firms and plaintiffs who need non-recourse funds pending appeal of money judgment. We’re ready to help without any interference. www.appealfundingpartners

[Michael Blum @appealfunding]

Qualified Settlement Funds (QSFs) are flexibility and tax efficiency dispute resolution vehicles. We break down myths and misconceptions around QSFs here: https://t.co/M5fE0zXNgK

#qualifiedsettlementfund #qualifiedsettlementfunds #qsfs #lawyer #lawyers #taxlaw #settlements

[Michael Blum @appealfunding]

Did you know that some legal fees are deductible? Head here to learn if your fees qualify: https://t.co/AdJpo4lbrV

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#legalfees #taxcode #irs #lawyer #lawyerfees #writeoff #deductibles #taxes #taxlaw #deducations #lawyers #law #taxadvice #lawadvice

[Michael Blum @appealfunding]

Consider these 7 potential tax mistakes when mediating a settlement:
https://t.co/cNWeoagK09

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#settlement #settlements #mediation #lawsuits #mediate #taxes #rax #taxmistakes #commontaxmistakes #taxadvice #lawyers #lawyer #lawadvice #mediatinglawsuits #tipsandtricks #advice

[Michael Blum @appealfunding]

Qualified settlement funds can be invaluable when negotiating settlements. We share the 3 requirements needed to establish a flexible and efficient qualified settlement fund: https://t.co/M5fE0zXNgK

#qualifiedsettlementfunds #qsfs #lawyer #taxlaw #settlements #settlement

[Michael Blum @appealfunding]

If you’re hoping to write off your legal fees, we’ve got some good news for you from the IRS. However, the rules are as complex and confusing as ever. We break them down here: https://t.co/AdJpo4lJht

#legalfees #taxcode #irs #lawyer #lawyerfees #writeoff #deductibles #taxes

[Michael Blum @appealfunding]

Need tax advice? Many plaintiffs end up taking aggressive positions on their tax returns, claiming that damages of this nature are tax free. But that can be a losing battle if the defendant issues a Form 1099 for the entire settlement. To learn more: https://t.co/2jlpQnea7R

[Michael Blum @appealfunding]

Talking about taxes is second nature BUT be careful what you say and how you express it. Mistakes and half truths can take on a life of their own. What does this mean for you? Find out here: https://t.co/DICVATb4U8

#taxlaw #lawyer #taxes #taxseason

[Michael Blum @appealfunding]

As a lawyer, it’s important to be specific. In settlement agreements, whenever possible, be specific. The courts and the IRS should not be put in the position of determining which payments were for which claims. To learn more: https://t.co/2jlpQnea7R

#taxes #taxseason

[Michael Blum @appealfunding]

Have you heard that emotional distress damages are not taxable? This is a myth. Congress amended section 104 of the tax code back in 1996 to state that emotional distress damages are taxable. To learn more, read here: https://t.co/DICVATb4U8

#taxes #taxseason #lawyers

[Michael Blum @appealfunding]

Wording Matters. Settlement agreement wording might matter more than actual claims. In an audit, strong settlement agreement wording might be enough to convince the IRS to end the audit. To learn more: https://t.co/2jlpQmWyJh

#taxes #taxseason #settlements #lawyers #audit

[Michael Blum @appealfunding]

Lawyers often speak with authority, and clients sometimes believe them, leading to avoidable myths. As we head into tax season, it’s important to have the right information. To learn more: https://t.co/DICVATsGiI

#taxseason #taxes #taxmyths #lawyers #lawyer

[Michael Blum @appealfunding]

Settlement agreement wording matters. In fact, it’s probably essential to avoid tax trouble. For tax lessons for lawyers & litigants, head here: https://t.co/7L6t18Asmw

#lawyers #litigants #settlements #settlementagreements #taxtrouble #taxes #lawyer #tipsandtricks #lessons

[Michael Blum @appealfunding]

Wishing you a happy and healthy New Year from Michael Blum and Appeal Funding Partners, LLC.

[Michael Blum @appealfunding]

Why you should care how emotional distress damages are taxed by the IRS or Tax court ⬇️
Physical symptoms of emotional distress might be physical in nature, but that doesn’t make the related damages tax-free. For more, head here: https://t.co/egf8kayHVp

#taxes #lawyers

[Michael Blum @appealfunding]

What happens if a defendant or defendant’s insurance carrier issues the plaintiff a Form 1099 for a settlement? It happens more than you might think. For a break down of what to do, head here: https://t.co/eMHpvjjjgG

#lawyer #lawyers #form1099 #taxes #insurance #settlement

[Michael Blum @appealfunding]

Heads up if you’re seeking to avoid taxes on Emotional Distress Damages. The lack of guidance and cloudy “physical vs. emotional” line have clogged Tax Court + IRS machinery with disputes. To learn more, click here: https://t.co/8PXM4zq5gJ

#taxes #irs #taxcourt #lawyers

[Michael Blum @appealfunding]

What you need to know about wording settlement agreements: Settlement agreement wording is important and inartful wording can hurt the tax treatment of a settlement. For some universal lessons for lawyers + litigants, head here: https://t.co/eMHpvjjjgG

[Michael Blum @appealfunding]

What you need to know about taxing emotional damages: The IRS or the Tax Court don’t always agree on how a settlement should be characterized. This can be a big issue in employment cases. For more on the IRS taxing emotional distress damages, click here: https://t.co/egf8kayHVp

[Michael Blum @appealfunding]

https://t.co/gKjMyjS0f4

[Michael Blum @appealfunding]

The #PPPLoan Deadline is Coming up Quickly, Here Is What You Need To Do: It is critical to ensure that you file your forgiveness application in a timely manner, and have the proper documentation gathered. To learn more click here: https://t.co/ZrdHrc5OjD.