IRS Issues Final Section 162(m) Regulations On Companies’ Ability To Deduct Executive Pay
By EsqSocial Corporation 02/03/21
The Internal Revenue Service (IRS) recently published final regulations implementing changes made by the Tax Cuts and Jobs Act of 2017 (TCJA) to Section 162(m) of the Internal Revenue Code (Section 162(m)) expanding the scope of Section 162(m)’s compensation tax deduction limitation. Publicly held companies that already exceed or that may soon exceed the Section 162(m) $1 million deduction limit will need to carefully consider the impact of amended Section 162(m)......
By: SmithAmundsen LLC