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IRS issues notice on compensation rules under tax reform

Tammy Whitehouse | August 22, 2018

Companies are getting a little more clarity from the Internal Revenue Service about how to interpret provisions under tax reform affecting executive compensation.

The IRS issued Notice 2018-68 to provide “initial guidance” on Section 162(m) of the Internal Revenue Code as amended by the Tax Cuts and Jobs Act. The massive tax law enacted at the end of 2017 provided, among other things, new rules governing the deductibility of compensation paid to top executives of publicly held companies.

The tax legislation said the $1 million...

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