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IRS Releases Final 409A Defferred Compensation Regulations - Time For Action

24 July 2007

On April 10, 2007, the IRS issued its final regulations interpreting the nonqualified deferred compensation requirements of Internal Revenue Code Section 409A. The 400 pages of regulations take effect on January 1, 2008. Employers should begin now to plan for compliance by year-end because all plans and arrangements subject to Section 409A must be in full documentary and operational compliance by December 31, 2007.

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Author: David Dubberly
Firm: Nexsen Pruet, LLC

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