Category Archives: Articles

Limit on Deductions for Executive Compensation at Public Companies

Section 162(m) of the Internal Revenue Code limits a publicly-held corporation’s tax deduction for compensation paid to a “covered employee” to a maximum of $1,000,000 per year.  A corporation is publicly-held if it has any class of common equity securities required to be registered under section 12 of the Securities Exchange Act of 1934. A…
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