On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (Act) into law, which includes multiple provisions providing relief for both businesses and individuals amid the coronavirus...more
The Tax Cuts and Jobs Act (signed into law in late 2017) added Section 4960 to the Internal Revenue Code (“Code”). Code Section 4960 imposes an excise tax (currently 21 percent) on certain excess executive compensation paid...more