Main Menu Back to Page
{ Banner Image }

Showing 11 posts in Compliance.

IRS Auditing Deferred Compensation Plans for Section 409A Compliance

The Internal Revenue Service recently announced that it has begun a new audit initiative to test taxpayers’ compliance with Section 409A of the Internal Revenue Code. Section 409A applies complex rules to “deferred compensation,” which generally includes compensation that is payable in a year after the year in which it is earned. This includes benefits provided under traditional nonqualified deferred compensation plans, such as SERPS and phantom stock plans, as well as some bonus and severance benefits and benefits provided under typical employment and consulting agreements. Read More ›

Categories: Compliance