Category archive: Tax Bill

EMPLOYER BEWARE—New Tax Bill Requires Full Disclosure of Sex Harassment Settlements or….. Lose the Business Expense Deduction

In the Tax Cuts & Jobs Act, congress in its infinite wisdom, determined to publically shame or, alternatively, financially burden companies that settle claims of sex harassment. Under the new law, taxpayers will not be allowed to take a business deduction: For any settlement or payment related to sexual harassment or sexual abuse claims if…