Treasury and the IRS on December 18 released final regulations under Section 162(m). Section 162(m), as amended by the 2017 tax reform act, provides that a publicly held corporation may not deduct more than $1 million per year for remuneration paid to its covered employees. The final regulations generally apply to tax years beginning on or after the date final regulations are published in the Federal Register. PwC will publish a detailed analysis of the Section 162(m) final regulations in the coming days.
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