Section 409A Reminder and Update

Section 409A Reminder and Update

If your clients get caught out of compliance, they could be hit hard

Secction 409A of the Internal Revenue Code was added by the American Jobs Creation Act of 2004.1 On April 17, 2007,2 the Internal Revenue Service issued final regulations—nearly 400 pages in length—which took effect Jan. 1, 2008.3 Together, IRC Section 409A and the final regulations provide a comprehensive set of rules regulating the taxation of nonqualified deferred compensation (NDC). Since its enactment, S

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.