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December 18, 2020
2020-2899

Tuesday, January 19 | New Section 162(m) final regulations: What do you need to know now? (1 pm ET)

Changes expand application of $1 million deduction limitation

New final regulations under Section 162(m) reflect amendments made by the Tax Cuts and Jobs Act and would expand the scope of the $1 million income tax deduction limitation for compensation paid by public issuers to covered employees. As a result, some taxpayers may become subject to the deduction limitation for the first time, including partnerships with public issuer partners and foreign private issuers. The changes would also affect existing public companies and their tax compliance.

In this webcast, our panelists will provide an overview of the changes to the rules, including the expansion of the public issuer and covered employee definitions, and discuss areas where changes were made to the proposed regulations. Our panelists will also review planning and compliance topics, including:

  • Continuing questions on "grandfather" rules
  • Applying Section 162(m) in connection with transactions
  • "Affiliates" of the public issuer and application of the deduction limitation across the group
  • Effective dates

Date: Tuesday, 19 January 2021

Time: 1:00–2:00 p.m. EST New York; 10:00–11:00 a.m. PST Los Angeles

Registration: View Archive here.

Panelists

  • Stephen LaGarde, Principal, National Tax Department, Ernst & Young LLP

  • Rachael Walker, Principal, National Tax Department, Ernst & Young LLP

Moderator

  • Christa Bierma, Principal, National Tax Department, Ernst & Young LLP

CPE credit offered: up to 1.2 depending on actual duration. Recommended field of study: Taxes. Learning objective: Understand the changes to Section 162(m) of the Internal Revenue Code and how they may affect your business. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

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