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

February 2018

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 quasi-government-imposed fines and payments related to sexual harassment.

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