More focus on executive compensation compliance.Since executive compensation has become increasingly complex, the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. is stepping up examinations to ensure compliance with employment and income tax requirements. [ILLUSTRATION OMITTED] Areas of particular scrutiny include: * Transfers of compensatory stock options to related persons; * Nonqualified deferred compensation; * Stock-based compensation * IRC (Internet Relay Chat) Computer conferencing on the Internet. There are hundreds of IRC channels on numerous subjects that are hosted on IRC servers around the world. After joining a channel, your messages are broadcast to everyone listening to that channel. 162(m) salary deduction limitation; * Fringe benefits fringe benefits, n.pl the benefits, other than wages or salary, provided by an employer for employees (e.g., health insurance, vacation time, disability income). ; and * Golden parachutes golden parachute, a contract given to top executives of a corporation to provide benefits in case of job loss due to a takeover by another firm or a merger. The unusually generous benefits may include substantial severance pay, a one-time bonus payment when . To learn more, visit www.irs.gov/businesses/corporations/article/0,,id=135045,00.html. |
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