We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
IRS Ruling on Parachutes Lands Softly on Accounting Concerns.
- Authors
Barlas, Stephen
- Abstract
The article reports on the revised revenue ruling by the U.S. Internal Revenue Service (IRS) issued on February 21, 2008. The government agency has modified its rules on the deductibility for executive compensation over $1 million a year. Under the IRS revised revenue ruling, an employee is not eligible for performance-based pay, nor the company could deduct that pay over $1 million, if that employee was terminated for failure to meet the performance targets.
- Subjects
UNITED States; REVENUE rulings; UNITED States. Internal Revenue Service; PERSONNEL management; WAGES
- Publication
Strategic Finance, 2008, Vol 89, Issue 10, p22
- ISSN
1524-833X
- Publication type
Article