MCLE Self-Study: Tax Reform Impacts the Tax Treatment of Sexual Harassment Settlements for Both Plaintiffs and Defendants
Plus: Even More Uncertainty than the prior Law
By Stephen J. Turanchik1
Stephen J. Turanchik is an attorney in the Tax practice of Paul Hastings and is based in the firm’s Los Angeles office. Mr. Turanchik’s practice focuses on tax controversy and litigation at the state and federal levels and tax advice on international reporting and the taxation of settlements. He is also a frequent lecturer on the taxation of settlements, virtual currency and international tax compliance and enforcement (not necessarily at the same time).
It has long been a tenet of U.S. income tax law that deductions are a matter of legislative grace.2