Section 162(m), which was amended by the Tax Cuts and Jobs Act (TCJA), limits a public company’s annual compensation deduction to $1 million for each covered employee. In this webcast, we will discuss the recently released long-awaited proposed regulations on the new version of Section 162(m), which incorporate the changes made by the Tax Cuts and Jobs Act (TCJA). The proposed regulations would also make changes to several provisions in the existing regulations that were not directly changed by the TCJA. For example, these proposed rules would eliminate the transition relief for new public companies, expand the reach of the affiliated group rules to include private parent corporations, and require compensation paid by a partnership to a covered employee of a corporate owner in the partnership to be included in the compensation subject to Section 162(m).
This webcast will provide you with the insights you need to determine how these proposed regulations, when finalized, will affect your company’s tax deduction and financial statements. We will discuss not only the TCJA changes to section 162(m), which include changes to the definition covered employee, compensation and publicly held corporation, but also the changes included in the proposed regulations that would affect long-standing positions taken by taxpayers.
Please note: CPE credits are not awarded for webcast replay.
Recommended Field of Study:
- Apply the new Section 162(m) law to compensation arrangements
- Identify proposed changes to the existing regulations that will affect your compensation deduction
- Define the application of transition relief
Prior TCJA knowledge
Group - Internet
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