Impact of section 4960 proposed rules on taxable and exempt entities
RECORDED WEBCAST |
The recently issued section 4960 proposed regulations amplify earlier guidance to exempt organizations and their related organizations (including taxable and governmental entities) in computing the excise tax on excess executive compensation. The proposed rules add examples and clarity as well as favorable exceptions for taxpayers.
RSM presented a webcast on July 1 to discuss the new guidance. Our professionals covered key changes and practical implications of the regulations on determining covered employees and remuneration paid for purposes of the $1 million threshold and excess parachute payments.