In Treasury Decision 9932, the IRS issued final regulations under Code Section 162(m) which, for federal income tax purposes, limits the deduction for certain employee remuneration in excess of $1,000,000 paid by publicly held corporations.
The final regulations implement the amendments made to Code Section 162(m) by the Tax Cuts and Jobs Act of 2017 and finalize the proposed regulations.
Please contact the office of Don Fitch Accountancy at (760)567-3110 or Email Don.Fitch@CPA.com if you have any questions or would like additional information.
DON FITCH, CPA
74478 Highway 111 #3
Palm Desert, CA 92260
Toll Free: (877)CPA-Help or (877)272-4357
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