Overview
Elinor Ramey and John Cobb co-authored an article titled "IRS Proposal Clarifies Excise Tax But Leaves TCJA Questions" for Law360. The article, published June 16, discusses how proposed regulations from Treasury and the IRS address a number of concerns that commenters had with the scope of the excise tax on excess tax-exempt organization executive compensation under Section 4960. Ramey and Cobb examine three key areas where Treasury addressed concerns of commenters but may not have been able to fully align the rules with taxpayer expectations.