The Treasury Department and the IRS have issued final rules regarding section 409A nonqualified deferred compensation plans and arrangements. The new regulations provide extensive information on how employers can identify nonqualified deferred compensation plans and arrangements subject to section 409A, along with rules to help employers and employees comply. Plans and arrangements affected by the new rules must comply with the documentation requirements set out in the rules by December 31, 2007. Download the regulations.
Along with the regulations, the IRS also published Notice 2007-34, providing guidance on the application of section 409A to split-dollar life insurance arrangements.
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