"29 pages. 'New Sections 162(m)(5) and 280G(e) provide additional limitations on the deductibility of compensation paid to certain executives by employers who sell 'troubled assets' in the 'troubled assets relief program' included in EESA. Section 162(m)(5) generally reduces the $1 million deduction limitation to $500,000 for certain taxable years ... Section 280G(e) generally expands the definition of a parachute payment to include certain payments made contingent on severance from employment.' [Archived copy; obsoleted by IRS Notice 2025-36, Jul. 3, 2025]"  MORE >>