IRS extends transition relief under Code Section 409a for nonqualified deferred compensation plans

IRS extends transition relief under Code Section 409a for nonqualified deferred compensation plans

The IRS announced in Notice 2006-79 that it was providing additional transition relief under Code Section 409A. Generally, the additional transition relief extends the deadline for amending non-qualified deferred compensation plans for compliance with Code Section 409A until Dec 31, 2007, and extend...

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Veröffentlicht in:Employee Benefit Plan Review 2006-12, Vol.61 (6), p.27
Hauptverfasser: Levine, Howard J, Meyer, Joyce L, Rosenbaum, Michael D, Anderson, Marla B
Format: Artikel
Sprache:eng
Schlagworte:
Compensation
Compensation plans
Deferred compensation
Extensions
Internal Revenue Code
Lobbying
Stock rights
Tax administration and procedure
Transition rules
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Zusammenfassung:The IRS announced in Notice 2006-79 that it was providing additional transition relief under Code Section 409A. Generally, the additional transition relief extends the deadline for amending non-qualified deferred compensation plans for compliance with Code Section 409A until Dec 31, 2007, and extends the transition relief for making distribution elections that will not be treated as a change in the time or form of payment or an impermissible acceleration until December 31, 2007.
ISSN:0013-6808