H.R. 1, the “Tax Cuts and Jobs Act,” makes several changes affecting the deductibility of settlement payments to governments and certain non-government entities. These changes affect how taxpayers should approach settlement negotiations with the government. This Legal Update discusses the effect of these changes on a few key settlement deductibility questions, issues these changes raise for taxpayers and best practices to minimize those risks.
Downloads –
Related Capabilities
Industries –
Key Issues –
Latest Perspectives
-
December 212020
Stay up-to-date on our perspectives
Subscribe to Email