Marvin Kirsner

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Sexual Harassment Settlements With Nondisclosure Agreement Will Not Be Deductible Under New Tax Law

A provision in the Tax Cuts and Jobs Tax Act will increase the “after-tax cost” for companies to settle “sexual harassment” or “sexual abuse” claims if they wish to maintain a “nondisclosure agreement” of the details. The law will disallow a business deduction for the amounts paid to settle such claims (including attorneys’ fees) if … Continue Reading

IRS Expands Voluntary Worker Classification Compliance Program

The IRS has recently made it easier for businesses to participate in its worker classification voluntary compliance program, which allows a company that has been misclassifying workers as independent contractors to come forward voluntarily and reclassify the workers as employees.  Under this program, employers pay only a small fraction of the potential payroll tax liability. … Continue Reading
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