Deductibility and Information Reporting of Restitution Payments: Transitional Guidance Issued
Oct 24, 2018
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By Claire H. Taylor | Related Practice: Business
The Tax Cuts & Jobs Act made significant changes to the deductibility of certain fines, penalties, and other amounts, including restitution payments. Claire Taylor co-authored an article outlining the changes initiated by the statute. Reprinted from the November 2018 issue of ALI CLE’s The Practical Lawyer.