IRS Issues Proposed Rule Relating to Stock Compensation
June 24, 2011 (PLANSPONSOR.com) - The Internal Revenue Service has proposed regulations relating to the deduction limitation for certain employee remuneration in excess of $1,000,000 under the Internal Revenue Code (Code).
The proposed regulations clarify that qualified performance-based compensation attributable to stock options and stock appreciation rights must specify the maximum number of shares with respect to which options or rights may be granted to each individual employee. They also clarify the application of the transition rule for taxpayers that are not publicly held corporations and then become publicly held corporations.
Read the full article here
This is a good summary article, but the link to the PDF to the IRS proposed rule doesn't work. Does anyone have a copy of the proposed rule that I can look at?
| Topic | Replies | Likes | Views | Participants | Last Reply |
|---|---|---|---|---|---|
| RSUs & McDonalds CEO Sex Scandal | 0 | 0 | 156 | ||
| ESPPs Provided Big Gains During March-June Market Swings | 0 | 0 | 155 | ||
| myStockOptions.com Reaches 20-Year Mark | 0 | 0 | 186 |
Here's a good link, provided to me promptly by the article author.
Here's another link that does not require a pdf download. http://govpulse.us/entries/2011/06/24/2011-15653/certain-employee-remuneration-in-excess-of-1-000-000-under-internal-revenue-code-section-162-m-
Contact
Concerning these proposed regulations, Ilya Enkishev at (202)
622-6030;
Concerning submissions of comments, and/or to request a public
hearing, Richard Hurst at Richard.A.Hurst@irscounsel.treas.gov or (202) 622-7180
(not toll-free numbers).
Thanks for these important details, Dan!