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Final Deadline for Section 409A Amendments


by David M. Kaplan View Biography
Pepper Hamilton LLP View Firm Credentials
Philadelphia Office

August 30, 2008

Previously published on August 21, 2008

Section 409A of the Internal Revenue Code was enacted to curb perceived deferred compensation abuses. Failure to abide by the strictures of Section 409A will subject an employee (or consultant, director or other service provider) to adverse tax treatment, including accelerated taxation and a 20 percent penalty tax.


 

The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.




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