Finance & markets · 07/09/2011

Internal Revenue Code Section 162(m) Deduction Limitation for Certain Employee Remuneration Exceeding $1,000,000

The Internal Revenue Service (IRS) has published a correction to a proposed rule regarding the deduction limitation for employee remuneration exceeding $1,000,000 under the Internal Revenue Code, as announced in a Federal Register notice on June 24, 2011.