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Exec Pay Rules May Make Private Cos. Hesitate To Go Public

Law360

08 Jan 2020
Reprinted with permission.

Ron Aizen spoke to Law360 about how recently proposed rules by the IRS that eliminate the ability of newly public companies to deduct certain executive compensation from corporate income could give private companies a reason to pause before going public.

Ron said he hoped transition relief would remain available for newly formed public companies, but said that idea was shut down when the government issued the Section 162(m) proposed regulations in December. “Overall they were disappointing…from the perspective of looking at it from my clients who would prefer it would be more taxpayer-friendly,” Ron said. “Pretty much any hope we had of maybe the IRS taking a more pro-taxpayer approach was quashed.

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