Effective immediately, a settlement agreement or a judgment with the government must set forth the specific amount of restitution, remediation of property, or monies paid to come into compliance with any law violated, for...more
The new tax law changed the deductibility of settlements with government agencies in some circumstances thereby increasing the cost to companies to settle these cases. The deduction arose from the section in the Internal...more
2/19/2018
/ Department of Justice (DOJ) ,
False Claims Act (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
Fines ,
Internal Revenue Code (IRC) ,
IRS ,
Reporting Requirements ,
Section 162(f) ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
Tax Cuts and Jobs Act ,
Tax Deductions