The Internal Revenue Service (IRS) is a bureau of the Department of the Treasury and is responsible for administering and enforcing the U.S. Internal Revenue Code (the "code"). The IRS is divided into three commission-level organizations: The Commissioner which oversees the IRS Chief Counsel and specialized IRS Units; Services & Enforcement which oversees the IRS’s four primary operating divisions; and Operations Support which oversees the IRS’s internal business practices. The Commissioner of the IRS is appointed by the President and confirmed by the Senate, serving for a five year term. One of the primary methods of the regulation of executive compensation is achieved through the IRS and the Code. In order to accomplish varying policy objectives Congress creates provisions of the Code and leaves the IRS to enforce them. Within the IRS Code there are several provisions, (e.g. sections 162(m) (deductibility of compensation for senior executives), 280G (excess parachute payments), and 409A (nonqualified deferred compensation), which prescribe specific tax treatment of executive compensation, including tax breaks and excise taxes to executive compensation in certain situations. The Center will continue to be a presence in any tax reform efforts which would impact the tax treatment of executive compensation, and will carefully evaluate the unintended consequences of changes in the tax code.