Tax Reform

Please join us for a presentation that will discuss how the recent tax reform has impacted settlements with the government, and settlements of sexual harassment claims subject to nondisclosure agreements.

In particular, they will cover the Guide to the New Rules for the Deductibility of "Misconduct" Payments: Government and Quasi-Government-Imposed Penalties, Fines, and Other Amounts and Payments Related to Sexual Harassment. Recent US tax reform legislation P.L. 115-97, commonly known as the Tax Cuts and Jobs Act, made sweeping changes to when and how a taxpayer will be able to deduct payments made to settle claims of particular acts of misconduct, specifically government- and quasigovernment-imposed fines and payments related to sexual harassment.

Questions? Please contact Janet Oronos at +1.415.442.1762 or janet.oronos@morganlewis.com.