A 409a deferred compensation plan is a non-qualified arrangement that allows employees to defer a portion of their income to a future date. This plan is often used by high-income earners to reduce ...

While seasoned employment attorneys are experienced in drafting various legal documents, navigating the specific requirements of Section 409A can be challenging and the consequences of noncompliance ...

In April 2007, the IRS issued final regulations under section 409A pertaining to nonqualified deferred compensation (NQDC) plans. The regulations represent a culmination of efforts to bring uniformity ...

While the news cycle in the world of sports is ever changing, a few occurrences in the past several years deserve further discussion in the executive compensation community – Shohei Ohtani’s deferral ...

An employer can take an income tax expense deduction for nonqualified deferred compensation only when it is includable in the employee’s income, regardless of whether the employer is on a cash or ...

Employers that want to reward a key employee by promising to pay a bonus upon retirement need to examine 409A. Section 409A of the Internal Revenue Code sets strict rules for when employers may pay ...

TAMPA, Fla., March 20, 2024 /PRNewswire/ -- 409A Direct today announced its launch, giving small- to medium-sized businesses access to a technology platform for creating and implementing nonqualified ...

Accounting firm M&A deals often involve complex tax issues, and it’s important to understand their implications before undergoing negotiations and diligence so that you aren’t caught off-guard or have ...

Deferred compensation arrangements must comply in operation with the requirements of 409A effective January 1, 2005, unless they are grandfathered or otherwise exempt, [FOOTNOTE 3] and the documents ...