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Blogs > Employee Benefits Law Blog

Publicly Held Corporations

Oct 17, 2018

Treasury Department and IRS Further Shrink Deductible Executive Compensation by Publicly Held Corporations

Significantly less executive compensation than previously thought may remain tax deductible by publicly held corporations, beginning with the 2018 tax year, under recent governmental guidance implementing a change in law made by the Tax Cuts and Jobs Act (TCJA). Covered companies will need to promptly identify additional employees covered by the new limitations, as well as outstanding compensation arrangements that may be exempt from the limits. » Read More

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