19-EF-03: Treasury and IRS - Interim Guidance Under Section 4960

On December 31, 2018, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) issued Notice 2019-09 to provide interim guidance about compliance with the requirements in section 4960 of the Internal Revenue Code (Code) added by the Tax Cuts and Jobs Act (TCJA). Under section 4960, organizations are required to pay excise taxes on excess remuneration and excess parachute payments made to covered employees.

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