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TREAS/IRS RIN: 1545-BO95 Publication ID: Fall 2019 
Title: Guidance Under Section 162(m) 

The proposed regulations would provide guidance under section 162(m). Section 162(m)(1) generally limits the allowable deduction for a taxable year for applicable employee remuneration by any publicly held corporation paid with respect to a covered employee.  Section 162(m) was amended by an Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 (Act), Public Law 115-97 (2017). The Act amended the definitions of applicable employee remuneration, publicly held corporation, and covered employee.  The proposed regulations would provide guidance for these amendments.

Agency: Department of the Treasury(TREAS)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 1.162-27   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 162(m)   
Legal Deadline:  None
Action Date FR Cite
NPRM  11/00/2019 
Additional Information: REG-122180-18 (NPRM) Drafter attorney: Ilya Enkishev (202) 317-4598 Reviewer attorney: Thomas Scholz (202) 317-5600 Treasury attorney: Amber Salotto (202) 622-6707 CC:EEE
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Ilya E. Enkishev
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 5039,
Washington, DC 20224
Phone:202 317-4598
Fax:885 595-5263