The article reviews the IRS’s updated Nonqualified Deferred Compensation audit guide, highlighting key audit issues, IRS strategies, and sponsor preparation tips.

Section 162(m) of the Internal Revenue Code places a $1 million-dollar limit on the amount of deductible compensation that a “publicly held corporation” can pay to their “covered employees."

The article reviews the IRS’s updated Nonqualified Deferred Compensation audit guide, highlighting key audit issues, IRS strategies, and sponsor preparation tips.