Interim guidance on the excise tax payable by exempt organizations on remuneration in excess of $1 million and any excess parachute payments made to certain highly compensated current and former employees in the tax year has been issued. The excise tax imposed by Code Sec. 4960 is equal to the maximum corporate tax rate on […]
The post Interim Guidance Issued on Excise Tax Owed on Excess Remuneration and Parachute Payments (Notice 2019-9) appeared first on Tax & Accounting Blog.