Jamie Hutchinson co-presented during an audio conference hosted by BNA. The program covered many issues clarified by the recently issued Treasury Department regulations governing nonqualified deferred compensation under section 409A of the Internal Revenue Code. "Good reason terminations," treatment of stock options, severance arrangements, requirements for payment elections, options for identifying who are "specified employees," and split-dollar life insurance arrangements are among the areas of concern tackled in these long-awaited rules, which went into effect January 1, 2008. In addition, the program will cover...
- Provide an overview of basic section 409A requirements
- Explain important differences between the rules proposed in September 2005 and the final regulations issued in April 2007
- Clarify which types of plans or arrangements are subject to section 409A
- Help you understand when and how to make short term deferral payments
- Discuss revisions to and use of plan aggregation rules
- Educate you about the treatment of stock option awards
- Inform you about section 409A's application to severance pay arrangements and post-separation benefit reimbursements
- Review deadlines and documentation requirements
- Highlight the special transition rules that will end in 2007
- Summarize penalties you'll face for noncompliance with the regulations
- Give you compliance tips you can use now to avoid operational failures leading to adverse tax consequences
July 12, 2007
2:00pm-3:30pm