TITLE

IRS Limits Scope of Sec. 162(m) Deductions

AUTHOR(S)
Jaeger, Jaclyn
PUB. DATE
September 2011
SOURCE
Compliance Week;Sep2011, Vol. 8 Issue 92, p42
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Internal Revenue Service (IRS) has released a proposed rule clarification for its performance-based executive compensation deduction under Section 162(m) of the federal tax code in 2011. It says that Section 162(m) puts a limit on how much public companies that spend on executive compensation can reduce from their taxable income. Furthermore, pay package deductions are limited up to one million dollars a year but performance-based compensations are exempted.
ACCESSION #
73796809

 

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