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Tag: Internal Revenue Code Section 162(q). by ad13307

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Article

NEW TAX LAW IMPACTS CONFIDENTIAL SEXUAL HARASSMENT SETTLEMENTS

by Sheryl J. Willert

SEATTLE, WA (January 26, 2018) — On December 22, 2017, in a little known and almost completely unpublicized action, the United States Congress quietly eliminated the ability of employers to deduct from ordinary business expenses any settlements related to sexual harassment or sexual abuse claims that are subject to nondisclosure agreements.  Under this amendment, both amounts paid...

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