This presentation has been prepared by Jerry Heupel, a partner with Silver, Freedman, Taff & Tiernan LLP with over 25 years of experience with Section 280G of the Internal Revenue
Code. The presentation is in an easy to read question and answer format.
- The value of your payments and benefits upon a change in control,
- Whether your payments and benefits will trigger adverse consequences under Section 280G of the Internal Revenue Code, and
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How to avoid any adverse consequences through proper tax planning.
Questions and Answers include:
- What is Section 280G of the Internal Revenue Code?
- What Is My Base Amount?
- What Are Parachute Payments?
- What Are Examples of Parachute Payments?
- Is the Full Value of Payments Subject to a Vesting Schedule Counted as a Parachute Payment?
- How Are Payments That Will be Received in the Future Treated Under Section 280G of the Code?
- Why Are Changes or Increases in Compensation Within One Year Prior to a Completion of a Change in Control Counted as a Parachute Payment?
- What Types of Payments Are Not Treated as Parachute Payments?
- Who Is Covered by Section 280G of the Code?
- What is Involved with Tax Planning?
- When Is the Best Time to Do Tax Planning?
- My Company Shows Illustrative Payments in Our Annual Proxy Statements – Can I Just Rely on Those Numbers?
- My Company Does Not File with the SEC – Do I Still Need to Worry About Section 280G?
- My Contract Has a Section 280G Gross-Up Provision – Do I Still Need to Worry About Section 280G?
- My Contract Has a Section 280G Cut-Back Provision – Do I Still Need to Worry About Section 280G?