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Read need-to-know updates, commentary, and analysis on Tax issues written by leading professionals.

Harvey Weinstein, Tax Reform, And Nondisclosures - Oh My!

by Roetzel & Andress on

There is no doubt that the movement known as #MeToo has brought workplace sexual harassment to the forefront of conversation and is both a top priority and concern for all employers. One of the many names associated with this...more

New Paid Family Leave Tax Credit

by Sherman & Howard L.L.C. on

The recently-enacted Tax Cut and Jobs Act (the “Tax Act”) includes a provision that eases the burden for employers who adopt paid family and medical leave policies. The Tax Act added a new federal tax credit available...more

New Tax Bill Includes Novel “Harvey Weinstein” Provision to Prevent Sexual Harassment

by Reed Smith on

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act, with the goal of completely revamping the tax code. In addition to changing many basic facets of tax law, the bill also includes a provision in...more

#MeToo Impacts Harassment Damages/Taxes

by Sherman & Howard L.L.C. on

The recently-enacted Tax Cut and Jobs Act (the “Tax Act”) includes an unheralded change to the tax law that will directly affect sexual harassment settlements. As a direct result of the recent highly-publicized cases...more

FMLA Tax Credit Available For Some Employers Who Offer Paid Leave

by Snell & Wilmer on

Although the federal Family & Medical Leave Act (FMLA) does not require employers to provide paid leave, the Tax Cuts and Jobs Act, signed late last year by President Trump, provides a tax credit incentive beginning this year...more

Beltway Buzz - January, 2018 #2

Some welcome hot air has finally come to D.C., and it’s not just coming from the mouths of politicians and regulators. Seriously. It’s 60 degrees today in D.C.! This time last week, it was 20 degrees. That’s quite a flip-flop...more

2018 Tax Reform Series: Change To Employer Deduction Rules

by Jackson Lewis P.C. on

This is the sixth article in our series covering the various tax and employee benefits-related changes contained in the Tax Cuts and Jobs Act signed by the President on December 22, 2017. One surprising change made by the...more

Tax Reform: New Act Eliminates Deduction For Settlement Of Sexual Harassment Claims Subject To A Confidentiality Agreement

by Akerman LLP on

In a little noticed and controversial provision, the Tax Act created a new Internal Revenue Code provision (Code Sec. 162(q)), that eliminates a business expense deduction for: (1) “any settlement or payment related to sexual...more

Tax Bill Means Changes to Employee Benefits and Executive Compensation

On December 22, 2017, President Trump signed into law a tax bill reconciling both the House and Senate versions of the so-called Tax Cuts and Jobs Act. The Act’s major provisions are lowering the corporate tax rate to 21%...more

New Tax Law Impact on Employee Benefits and Compensation

by Kelley Drye & Warren LLP on

At the end of 2017, President Trump signed into law The Tax Cuts and Jobs Act (the “Act”) that includes significant changes in the employee benefits area, most of which became effective on January 1, 2018. The following is a...more

Tax Cuts and Jobs Act – Impact on Employee Benefit Plans

by Sherman & Howard L.L.C. on

On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (the “Act”) into law. While the Act is extensive, this Advisory discusses only the changes made to employee benefits such as qualified retirement plans,...more

Another Employer Deduction Bites the Dust

by FordHarrison on

You have probably heard about the many tax deductions that you are losing (or have lost) as a result of the new tax law (known as the Tax Cuts and Jobs Act, or TCJA). But, if you are an employer, one that you may not have...more

New Tax Bill Provisions Address Sexual Harassment Settlements and Paid Family Leave

By now, most people are generally aware of the recently passed Tax Cuts and Jobs Act (the Act); however, two lesser-known provisions of the Act will directly impact the workplace in 2018 by (1) eliminating the deductibility...more

WEB EXCLUSIVE December 2017: The Top 14 Labor And Employment Law Stories

by Fisher Phillips on

It’s hard to keep up with all the recent changes to labor and employment law. While the law always seems to evolve at a rapid pace, there were an unprecedented number of changes each month in 2017. December was no different,...more

President Trump Signs Tax Reform Bill into Law

On December 15, 2017, the House and Senate conference committee agreed on the terms of the final tax reform bill, previously referred to as the “Tax Cuts and Jobs Act” (the “Act”), which was subsequently approved by both...more

Changes in the Tax Cuts and Jobs Act of 2017 that Impact Individual Taxpayers for Non-Business Items

by Stinson Leonard Street on

The Tax Cuts and Jobs Act of 2017 makes substantial changes to the income taxes of individuals. The Act's individual changes noted in the attached chart generally expire on January 1, 2026, and the speculation will...more

Tax Reform: Spotlight on Compensation and Benefits Provisions

by Baker Donelson on

The new tax bill (the "Act") - a culmination of months of back-and-forth between the House and Senate Republicans - was signed into law on December 22, 2017. The Act fulfills many of the promises made by the Trump...more

To Disclose or Not to Disclose, That Will Be the Question

by Snell & Wilmer on

Whether it be a Hollywood mogul, a renowned politician or a formerly respected executive, it is clear from the Me Too and Time’s Up movements that the voices seeking and stands taken to uncover and prevent sexual harassment...more

New Tax Law Changes How Employers Claim Sexual Harassment Settlements

by Varnum LLP on

The Tax Cuts and Jobs Act of 2017 (the "Act") was signed into law on December 22 by President Trump. The Act contains a provision that will change how employers are taxed, when settlement is reached in sexual harassment and...more

Sexual Harassment Lawsuits Just Got Tougher to Settle

by Cozen O'Connor on

Just like the infamous line that Congress had to pass the Affordable Care Act to know what was in it, it seems we had to pass the new tax law to find out all of the hidden surprises. One item that received little publicity...more

Tax Cuts and Jobs Act of 2017

by Cohen & Grigsby, P.C on

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (the “TCJA”), the most comprehensive tax reform passed in decades. The majority of the changes in the TCJA affect individual and corporate income...more

New Deferral Opportunity for Stock Awards

The Tax Cuts and Jobs Act includes a new provision that can delay the taxation of compensation paid to employees of “eligible corporations” in the form of “qualified stock” for up to five years. The provision is set forth in...more

How State Legislatures May Rock the World of Employee Compensation in Response to the Recent Federal Tax Law

Prior to the effective date of the tax bill recently signed by the President, Section 164 of the Internal Revenue Code permitted individuals who itemized deductions to deduct state and local income and other designated taxes...more

Tax Bill Cuts Deduction For Confidential Sexual Harassment & Abuse Settlements

by SmithAmundsen LLC on

On December 22, 2017, the Tax Cuts and Jobs Act was signed into law as P.L. 115-97. Hidden about halfway into the law, in Section 13307, is an amendment to the tax code on itemized deductions for individuals and...more

Tracking Tax Reform: The Executive Compensation and Employee Benefit Provisions of The Tax Bill

by Locke Lord LLP on

On December 20, 2017, the House of Representatives and the Senate voted to enact the tax reform bill, which has been renamed “To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the...more

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