New IRS Guidance On Deferred Compensation

The IRS has issued long-awaited Proposed Regulations under new Internal Revenue Code Section 409A, relating to non-qualified deferred compensation. For background on Section 409A, see our prior Management Alerts from January 2005 (click here) and from October 2004 (click here). The new Proposed Regulations provide comprehensive, substantive guidance for complying with Section 409A. The following is a general overview of the Proposed Regulations.

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