• Extension Comes Up Short: No Deferral Of 2007 Deadline For Many Important 409A Actions
  • November 6, 2007 | Authors: Lawrence K. Cagney; Elizabeth Pagel Serebransky; Charles E. Wachsstock
  • Law Firm: Debevoise & Plimpton LLP - New York Office
  • This client update discusses why the IRS has issued additional guidance under Internal Revenue Code §409A and extended the period to bring deferred compensation plans into documentary compliance with §409A. There is no extension of prior transition rules and nonqualified deferred compensation plans must still specify the payment schedule or payment triggering events by December 31, 2007.