Earlier this week, the IRS issued long-awaited proposed regulations under Section 162(m) of the Internal Revenue Code. Our colleagues at Covington’s Tax Reporting & Withholding Blog published a comprehensive summary and analysis of the proposed regulations. As you will see, the proposed regulations fell short of proposing workable solutions for
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No Tax Deductions for Sexual Harassment Settlements with Non-Disclosure Agreements
By Lindsay Burke & Tom Plotkin on
Posted in Policy
Part of Our Series on the Tax Cuts and Jobs Act of 2017
The Tax Cuts & Jobs Act of 2017 adds a new provision to the Code, section 162(q), that eliminates deductions for settlement payments related to sexual harassment or sexual abuse “if such settlement or payment is subject…
Continue Reading No Tax Deductions for Sexual Harassment Settlements with Non-Disclosure Agreements