IRS T.D.: Golden Parachute Payment Deduction Rules Comments Requested (IRC §280G)

Comments requested on T.D. 9083 that denies a deduction for excess parachute payments. The IRS explained that a parachute payment is payment compensation to a disqualified individual that is contingent on a change in ownership or control of a corporation. Comments are due on or before June 7, 2019. [IRS Comment Request, 84 Fed. Reg. __ (Apr. 8, 2019)]

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