Nonqualified Deferred Compensation Guidance Brings Good News

12/29/2004

Last week the IRS issued Notice 2005-1 (the "Notice") providing guidance regarding the recently-enacted non-qualified deferred compensation provisions contained in new section 409A of the Internal Revenue Code ("409A").  The Notice provides critical transition relief from the new law, which is scheduled to go into effect January 1, 2005.

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