The U.S. IRS has announced the issuance of proposed regulations on the tax deductibility of officers' compensation by publicly held corporations.
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IRS, Treasury issue proposed regulations on compensation deductions for publicly held corporations
IR-2019-208, December 17, 2019
WASHINGTON — The Treasury Department and Internal Revenue Service issued proposed regulations to reflect changes from the Tax Cuts and Jobs Act (TCJA) on the tax deductibility of officers' compensation by public…