Proposed regulations greatly expand scope of Section 162(m) limit

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Overview

IRS has issued proposed regulations that significantly expand the reach of the $1 million deduction limit for executive compensation under Section 162(m). The proposed regulations provide detailed rules on the treatment of covered employees in M&A transactions, expand the rules to apply to public corporations that hold operating partnerships and eliminate the IPO transition period. Despite being proposed regulations, some provisions have immediate effective dates. 

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Kelley McLaughlin

US Tax Marketing Leader, PwC US

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