Shareholder Adam Tutaj, a member of Meissner Tierney’s transactional practice group, authored an article for the State Bar of Wisconsin’s Inside Track publication titled “New Tax Law Creates Barriers for Sexual Harassment Claims.”
Adam’s article examines the impact of the recent Tax Cuts and Jobs Act of 2017 (Tax Act) and its new tax code provision that blocks income tax deductions for any settlement or payment related to sexual harassment or sexual abuse if the settlement or payment is subject to a nondisclosure agreement.
In addition, Adam shares insight on how the new IRC section 162(q) may affect income tax deductions for attorney’s fees related to the settlement or payment. This provision can have a significant impact on plaintiffs as well as defendants.
To read the full article on the State Bar of Wisconsin’s InsideTrack newsletter, please click here.
Adam dedicates a substantial portion of his practices to business entity, tax and health law. For more information on the impact of the Tax Cut and Jobs Act, please contact Adam Tutaj at firstname.lastname@example.org or call (414) 273-1300.