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Recent Developments with the $1 Million Compensation Deduction Limitation
Posted by Kristen Shepley on Fri, Dec 12, 2014 @ 03:08 PM

Public corporations generally cannot deduct more than $1 million in compensation per year for covered employees (i.e., certain key executives). Certain types of compensation, most notably performance-based compensation subject to shareholder approval, are excluded from this limitation. Recent guidance provides insight on several issues, including who are covered employees, whether shareholders actually had the ability to approve performance-based compensation and whether dividends on restricted stock units were subject to the $1 million limitation.

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Topics: compensation deduction limitation

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