• Interim Guidance on the Taxation of Deferred Compensation under Section 457A of the Internal Revenue Code
  • May 11, 2009
  • Law Firm: Shearman & Sterling LLP - New York Office
  • Section 457A of the Internal Revenue Code of 1986, enacted on October 3, 2008, generally provides that compensation deferred under a "nonqualified deferred compensation plan" of a "nonqualified entity" is included in gross income when it is no longer subject to a "substantial risk of forfeiture," even if it is actually paid at a later date.