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.
Already a member? Log in
NAFCU Members Get More
This page contains member-only content.
Membership is open to all federally insured credit unions in the United States, both federally and state-chartered. Members enjoy:
If you are already logged in and believe you should have access to member-only content, please contact us for assistance at firstname.lastname@example.org.