Thursday, February 28, 2008
I previously blogged the IRS's recent private (PLR 200804004 (1/25/2008)) and public (Rev. Rul. 2008-13, 2008-10 I.R.B. ___ (3/10/08)) rulings on § 162(m) performance-based compensation. The National Law Journal reports that ninety prominent law firms have banded together in a letter requesting the IRS to reverse its position.