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Issue - Tax Code §162(m) - Deductibility of Executive Compensation
Tax Code §162(m) - Deductibility of Executive Compensation
Section 162(m) of the tax code limits the amount of deductible compensation that a company can pay to the CEO and top four other most highly paid officers to $1 million annually. While there are other exceptions to the $1 million deduction limitation, e.g. compensation deferred under a nonqualified deferred compensation plan, the performance-based exception is the one that receives the most attention.
Issue - Tax Code §162(m) - Deductibility of Executive Compensation
Tax Code §162(m) - Deductibility of Executive Compensation
Section 162(m) of the tax code limits the amount of deductible compensation that a company can pay to the CEO and top four other most highly paid officers to $1 million annually. While there are other exceptions to the $1 million deduction limitation, e.g. compensation deferred under a nonqualified deferred compensation plan, the performance-based exception is the one that receives the most attention.