Treasury Issues Final Regulations on Section 162(m) Executive Compensation Deduction Limits | Groom Law Group, Chartered
To embed, copy and paste the code into your website or blog: On December 18, 2020, the Internal Revenue Service (“IRS”) and Treasury Department released final regulations (the “Final Regulations”) interpreting the Tax Cuts and Jobs Act’s (the “Act’s”) revisions to Section 162(m) of the Internal Revenue Code (the “Code”), which limits a publicly held corporation’s deductions for compensation paid to “covered employees” in excess of $1 million. The Final Regulations arrive one year after the proposed regulations published on December 20, 2019 (the “Proposed Regulatio...
Source: jdsupra.com