Section 162(m) of the Internal Revenue Code (Code) previously limited the tax deduction to $1M annually for covered employee compensation paid by a company that is publicly traded, subject to some important exceptions. The...more
The US House of Representatives Committee on Ways and Means proposed Tax Cuts and Jobs Act intends to reduce corporate and individual tax rates. To pay for the proposed changes, the House Tax Bill would, if enacted,...more
On June 22, 2016, the Internal Revenue Service (IRS) issued proposed changes to the regulations under the Internal Revenue Code (Code) ยง409A. The Code intends to clarify or modify a wide range of very restrictive rules...more
8/9/2016
/ Corrections ,
Death Benefits ,
Deferred Compensation ,
Exemptions ,
Internal Revenue Code (IRC) ,
IRS ,
Proposed Regulation ,
Safe Harbors ,
Section 409A ,
Stock Options ,
Stocks ,
Termination
In Depth -
Additional flexibility to use Section 409A exemptions -
..Expanded availability of the rules for transaction-based compensation for stock rights and incentive stock options. The final regulations allow...more
6/24/2016
/ Beneficiaries ,
Debt Collection ,
Deferred Compensation ,
Employee Benefits ,
Employee Stock Purchase Plans ,
Employee Stock Purchase Rights ,
Employment Contract ,
Hiring & Firing ,
IRS ,
Safe Harbors ,
Section 409A ,
Severance Pay
On June 21, the IRS issued long awaited proposed regulations under Section 457 of the Internal Revenue Code that affect a broad range of compensation arrangements at tax exempt organizations. If a compensation arrangement is...more
6/23/2016
/ Compensation Agreements ,
Deferred Compensation ,
Employee Benefits ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Non-Compete Agreements ,
Severance Agreements ,
Severance Pay ,
Tax Exempt Entities ,
Taxable Income ,
Vesting
On February 26, 2014, U.S. House of Representatives Committee on Ways and Means Chairman Dave Camp (R-MI) released the proposed Tax Reform Act of 2014 (the Camp Proposal), which would simplify the Internal Revenue Code and...more