IRS Issues Guidance Clarifying Tax Reform Changes to Section 162(m)
On August 21, 2018, the IRS issued Notice 2018-68, which provides initial guidance on two aspects of the amendments to Section 162(m) of the Internal Revenue Code made by the Tax Cuts and Jobs Act:
- how to identify the expanded group of employees who are covered by new Section 162(m); and
- how a plan or agreement can qualify as grandfathered from new Section 162(m).
This memorandum summarizes this guidance, as well as the additional aspects of new Section 162(m) about which the IRS is seeking comment.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post