JD Supra

Internal Revenue Code Section 162(m): Proposed Regulations

On January 14, 2025, the Internal Revenue Service and the US Treasury Department issued proposed regulations under Section 162(m) of the Internal Revenue Code (Code) to implement changes under the ...
JD Supra

IRS Issues Proposed Regulations on the Expanded Definition of "Covered Employee" Under Code Section 162(m)

On January 16, the Internal Revenue Service (IRS) published proposed regulations ( 90 FR 4691) under Section 162(m) of the Internal Revenue Code. Section 162(m) generally limits the deductibility of ...
JD Supra

Treasury and IRS Issue Final Regulations on the Credit for Production of Clean Hydrogen Under Section 45V of the Internal Revenue Code

The final regulations retain the general framework of the proposed regulations, with some important modifications based upon comments from industry members. The acquisition and retirement of energy ...
JD Supra

IRS clarifies emergency expense and domestic violence distributions

The Internal Revenue Service issued guidance in Notice 2024-55 on applying exceptions to the 10% excise tax under Internal Revenue Code (IRC) Section 72(t) for emergency personal expense distributions ...
Insurance Business America

Transparency in Coverage proposal: Federal agencies extend comment deadline

The proposal comment period impacting the Public Health Service Act, ERISA, and the Internal Revenue Code, is extended by seven days ...
JD Supra

Internal Revenue Service Issues Updated Group Exemption Procedures

The US Internal Revenue Service released Revenue Procedure 2026-8 on January 15, 2026, updating the procedures required for section 501(c) organizations to obtain and maintain group exemption letters.