4 Tax Questions To Ask Before Signing An Enviro Settlement

Law360 (July 27, 2020, 5:19 PM EDT) -- Companies resolving government environmental enforcement actions must consider a 2017 tax law change, as well as recently proposed regulations, before finalizing any settlement agreement or court order. Failure to do so could result in a company being unable to deduct payments made under the agreement or order.

This is not something that should be taken lightly. Failure to ensure that a $10 million payment is deductible could mean that your company pays $2.1 million or more in additional federal and state tax income tax.

This article explains the tax law at issue, and walks environmental lawyers through the four questions that...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!