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TREAS/IRS | RIN: 1545-BO95 | Publication ID: Spring 2020 |
Title: Guidance Under Section 162(m) | |
Abstract:
The final 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. |
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Agency: Department of the Treasury(TREAS) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final 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 |
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Timetable:
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Additional Information: REG-122180-18 (Final Rule) 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 Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 5039, Washington, DC 20224 Phone:202 317-4598 Fax:885 595-5263 Email: ilya.e.enkishev@irscounsel.treas.gov |