Finanse publiczne · 30/12/2020

Final Regulations Under Section 162(m) of the Internal Revenue Code

The Internal Revenue Service has released final regulations under Section 162(m) of the Internal Revenue Code, which limits the deduction for certain employee remuneration exceeding $1,000,000 for publicly held corporations. The rules, which were finalized on December 20, 2019, are part of the Tax Cuts and Jobs Act and replace previously proposed regulations.