December 29, 2020
162(m): Final Regs for Elimination of “Performance-Based” Exception
– Liz Dunshee
My colleague Mike Melbinger has been blogging about the final 162(m) regulations that the IRS & Treasury Department released a couple weeks ago. They clarify “grandfathering” and other issues that resulted from the elimination of the “performance-based” exception for compensation deductions.
The regs mostly follow the proposed regulations from last year – and Mike’s blog highlights the differences. For more details, also check out the memos in our “Section 162(m) Compliance” Practice Area.