The Compensation Connection

IRS Updates FAQs on the Qualified Overtime Compensation Deduction: Compliance Obligations for Employers

August 17, 2026 By Ligeia Donis, Anne Batter and Robin Samuel 9 Mins Read

On August 6, 2026, the IRS released Fact Sheet FS-2026-13, substantially revising and replacing FS-2026-01, its January 2026 guidance on the new deduction for qualified overtime compensation enacted by the One Big Beautiful Bill Act (OBBBA). The revised guidance reflects the transition from the temporary 2025 reporting relief period to a more formal compliance regime applicable for tax years 2026 through 2028. As a reminder, the IRS provided transition penalty relief for tax year 2025…

Recent

DOL Clarifies ERISA Treatment of Trump Accounts: What Employers Need to Know

July 7, 2026 By Ligeia Donis and M'Alyssa Mecenas 7 Mins Read

OverviewThe Department of Labor (DOL) issued Technical Release 2026‑02 on June 17, 2026, providing critical clarity for employers…

SEC Proposes Scaled Back Executive Compensation Disclosure for Most Public Companies

May 27, 2026 By Sinead Kelly and Victor Durham-Flores 4 Mins Read

On May 19, 2026, the SEC issued Release No. 33‑11419, proposing a fundamental shift in the public company…

Keys to Tax Compliance When a U.S. Nonresident Director Joins a U.S. Board

April 7, 2026 By Sinead Kelly 1 Min Read

U.S. companies are increasingly electing or appointing non-U.S. tax residents to serve on their boards of directors. When doing…

One Big Beautiful Benefit? What Employers Need to Know About Contributing to Trump Accounts

March 30, 2026 By Ligeia Donis and M'Alyssa Mecenas 7 Mins Read

Overview Under the One Big Beautiful Bill Act (Pub. L. 119‑21), §530A of the Internal Revenue Code (IRC)…

China SAFE Requirements for Share-Based Awards

March 4, 2026 By Barbara Klementz and Kela Shang 2 Mins Read

Given the ongoing competition for talent in the People’s Republic of China (PRC), the ability to offer share‑based…