Related insights: Executive Recruitment and Termination

Time to Review Executive Compensation Arrangements in Light of IRS Guidance on Section 162(m)

Aug 30 2018
Last week, the Internal Revenue Service (the “IRS”) published limited initial guidance regarding key aspects of the changes brought about by the Tax Cuts and Jobs Act of 2017 (the “Act”) to Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”), which caps deductible executive compensation at $1,000,000. This alert summarizes IRS Notice 2018-68 (the “Notice”) and suggests action items for public companies in light of this guidance.