Topic: 409A

IRS Section 409A Relief Expires at Year End; Act Now to Avoid Penalties

Employers, take note: tax relief for nonqualified deferred compensation plans – agreements to provide payment for services in exchange for a signed release – is due to expire at the end of the year. That means that employers and employees will need to review any such arrangements, which could include equity, nonqualified retirement, and severance… Read more »