The U.S. IRS has announced the issuance of proposed regulations on the tax deductibility of officers' compensation by publicly held corporations. --- IRS, Treasury issue proposed regulations on compensation deductions for publicly held corporations IR-2019-208, December 17, 2019 WASHINGTON — The Treasury Department and Internal Revenue Service issued proposed regulations to reflect changes from the Tax Cuts and Jobs Act (TCJA) on the tax deductibility of officers' compensation by publicly held corporations. On Aug. 21, 2018, the Treasury Department and IRS released Notice 2018-68 (PDF). This notice provided initial guidance on this deduction limitation. Section 162(m) disallows the deduction by...