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October 22, 2007
IRS Extends § 409A Transition Relief to Dec. 31, 2008
The Treasury Department (HP-631) and IRS bowed to pressure from the practitioner community and announced today that nonqualified deferred compensation plans will get one extra year of transition relief before they must comply with final regs under § 409A (Notice 2007-86). Under prior guidance, these plans had to comply in operation with the final regs beginning in 2008. Notice 2007-86 extends the transitional period for compliance with the final rules to December 31, 2008.
October 22, 2007 in IRS News | Permalink
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» IRS DELAYS SUBSTANTIVE REQUIREMENTS FOR 409A from Roth & Company, P.C.
The IRS has given taxpayers another year to comply with the substantive requirements of the misbegotten Section 409A deferred compensation... [Read More]
Tracked on Oct 23, 2007 8:01:28 AM
