NEWS FLASH - IRS Issues Deferred Compensation Proposed Regulation
10/5/2005
The American Jobs Creation Act of 2004 substantially overhauled many of the rules governing deferred compensation arrangements by establishing §409A of the Internal Revenue Code ("§409A"). In addition to regulating more traditional deferred compensation plans, the new rules cover many arrangements that were not previously thought of as deferred compensation (e.g., severance arrangements, discounted stock options and stock appreciation rights).
Attached is the first in a series of newsletters Mintz Levin's benefits attorneys will publish on the topic to keep our friends and clients informed as to how §409A will impact you.
