Internal Revenue Service May 5, 2021 – Federal Register Recent Federal Regulation Documents

Tax on Excess Tax-Exempt Organization Executive Compensation; Correction
Document Number: 2021-09425
Type: Rule
Date: 2021-05-05
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains corrections to final regulations (Treasury Decision 9938) that were published in the Federal Register on Tuesday, January 19, 2021. The Treasury Decision provided final regulations implementing an excise tax on remuneration in excess of $1,000,000 and any excess parachute payment paid by an applicable tax- exempt organization to any covered employee.