The 2017 tax reform act (the Act) includes new rules limiting the Section 162(m) deduction for executive compensation. The IRS recently issued Notice 2018-68, the first guidance under revised Section 162(m).
PwC on September 26 hosted a webcast featuring PwC specialists who discussed some of the key issues regarding the new guidance. This Insight highlights those discussions. Watch the webcast replay and register for future webcasts in PwC’s Tax Reform Readiness series, which addresses other areas affected by tax reform.
The next webcast — Tax reform readiness: Q3 financial reporting considerations — will take place on Wednesday, October 3, from 2:00 PM - 3:00 PM (EDT).
One key takeaway from the webcast revolves around ‘tracking.” More specifically, companies should be tracking:
Companies also should consider whether they could be affected by issues left unanswered by the Notice, and whether they should submit comments to the IRS requesting guidance on those issues.
Workforce of the Future, Rewards and Well-Being Leader, PwC US