A subtle but interesting issue for white-collar lawyers is the tax treatment of settlement payments to resolve government investigations. Proposed regulations would treat the disgorgement of profits as nondeductible. Recent Supreme Court guidance, however, makes the IRS’s position susceptible to challenge. And new documentation and IRS reporting requirements will require settling agencies to engage on these tax issues.

Deductibility of Government Settlement Payments

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]