Intro by Laurie E. Martin, Hoover Hull Turner LLP
The #MeToo movement has caused employers to revisit internal policies and procedures and has already resulted in changes to the law. Recently-passed changes to the federal tax code added a new section 162(q), the so-called Weinstein tax, which disallows deductions for settlement payments related to sexual harassment or abuse claims—and deductions of attorneys’ fees related to such a settlement—if the payment is subject to a nondisclosure agreement. Both Plaintiffs and Defendants are potentially affected by these changes applicable to any payments made on or after December 22, 2017. Read more.
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