X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
U.S. Internal Revenue Service in Washington, D.C. Photo: Mike Scarcella/ALM

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 3 articles* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

Law Firms Mentioned

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.