How Settling With The Gov't Is Costlier Under New Tax Law

Law360 (March 9, 2018, 12:40 PM EST) -- A provision in the new tax law greatly expands the scope of the disallowance of deductions for fines and penalties paid to government agencies. The new law disallows a tax deduction for any payment made to a government entity where the payment was made in relation to a violation of law or the investigation of a violation. Furthermore, it will disallow a deduction for payments made to third parties at the direction of a government agency.

This deduction disallowance will make it costlier for a company...
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