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409A Proposed Regulations: 19 Tweaks
Presentor: Derrin Watson Recorded Date: 8/24/2016 Duration: 100 Min.

This program was recorded during a live presentation given on August 24, 2016 at 12:00PM EST.

The IRS has released a comparatively short set of adjustments and clarifications to the rules for nonqualified deferred compensation plans subject to Code §409A. The 65-page package of regulatory language and explanation covers 19 changes to the 409A rules. While the new rules are technically only proposed, taxpayers can rely on them immediately and the IRS will follow the proposals in auditing plans. Get all details in this special 100 minute web seminar, along with analysis on how the new rules will impact 409A plan documents.

Topics include:

  • New anti-abuse rule
  • Correction of errors for amounts not subject to forfeiture risk
  • Acceleration opportunities
  • Clarification of the relationship with Code §457 and §457A
  • Loosening of short-term deferral rule
  • Expansion of separation pay rules
  • Modification of rules on recurring part-year compensation
  • Relief for attorney fee payment arrangements
  • Clarification regarding change in status from employee to independent contractor
  • New rule regarding payment dates
  • Effective date and reliance
  • Plan document and amendment issues

There are no prerequisites or other advanced preparation for this program. The speaker will assume attendees generally understand the 409A regulations as they existed and generally familiar with the 409A correction programs. A minimum of 2 years of experience in dealing with nonqualified deferred compensation plans is recommended.

Level: Advanced

Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: S. Derrin Watson, J.D.
Recipient of ASPPA's 2006 Educator of the Year Award

Objectives: After attending this Web seminar, an attendee should be able to:

  • List key changes in the proposed regulations
  • Advise taxpayers on possible amendments to 409A plans
  • Determine whether a potential payment acceleration is now permitted
  • Assist taxpayers to avoid the anti-abuse rules

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