IRS Provides Relief for Unintentional Operational Violations of Section 409A
| May 20, 2008 |  View for printing |
On December 3, 2007, the IRS issued Notice 2007-100, which provides relief for certain unintentional operational failures to comply with Section 409A. As discussed in our prior Cooley Alerts, Section 409A of the Internal Revenue Code covers a wide range of nonqualified deferred compensation plans and arrangements and imposes a number of strict requirements on such plans and arrangements for participants to avoid premature taxation, an additional 20% federal income tax, and an interest-charge tax.
by Buff Miller and Tom Reicher, of Cooley Godward Kronish LLP
Full Story: http://vcexperts.com/vce/news/buzz/a ... _id=buzz749 
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