What regulatory agency must approve an employer's IRC 162 bonus plan in order for the employer to take a tax deduction for its contributions to the plan?

The Internal Revenue Service (IRS) must approve an employer's IRC Section 162 bonus plan for the employer to take a tax deduction on its contributions. The plan must meet certain requirements to ensure that the bonuses are considered ordinary and necessary business expenses. Additionally, the plan should be structured properly to avoid any potential issues with tax compliance.