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Internal Revenue Bulletin:  2008-27 

July 7, 2008 


Table of Contents

Rev. Rul. 2008-32 Rev. Rul. 2008-32

Corporations; “outside director” definition. This ruling provides guidance for determining whether an individual qualifies as an “outside director” for purposes of section 162(m) of the Code. The ruling holds that an individual does not qualify as an “outside director” of a corporation when the individual has served as the corporation’s interim chief executive officer in regular and continued service with the full authority vested in that office.

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