• IRS Extends Section 409A Transition Period Until December 2007
  • October 13, 2006 | Authors: Jonathan B. Dubitzky; David A. Guadagnoli; Amy E. Sheridan
  • Law Firm: Sullivan & Worcester LLP - Boston Office
  • Recognizing that final regulations under Section 409A have not yet been issued, the Internal Revenue Service in Notice 2006-79 extends the effective date of regulations from January 1, 2007 until January 1, 2008. Similarly, the deadline for amending nonqualified deferred compensation plans to reflect the Section 409A rules has been extended from December 31, 2006 until December 31, 2007.