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Get It in Writing: Deducting False Claims Act Payments
In fiscal year 2017, the Department of Justice (DOJ) collected more than $3.7 billion dollars from False Claims Act (FCA) cases — part of the $86 billion it has collected from FCA cases since 1986. States and municipalities are aggressively pursuing FCA recoveries as well. For example, California has collected more than a billion dollars in settlements since the enactment of its FCA in 1987.
Whether or not such payments are deductible as business expenses under section 162(a) of the Internal Revenue Code is an important consideration when negotiating a settlement with the government since the corporate tax rate is still at 21%, even with the passage of the Tax Cuts and Jobs Act in December 2017. See, 26 U.S.C.A. §11(b); 26 U.S.C. §162(a).
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Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.