BackPublications

Legal Alert: IRS Announces Section 409A Correction Program

04/16/2009

The Internal Revenue Service (the "IRS") recently issued Notice 2008-113 (the "Notice") detailing a correction program for inadvertent and unintentional Section 409A operational errors in administering nonqualified deferred compensation plans. The Notice modifies and incorporates a prior notice released by the IRS and is effective for taxable years beginning on or after January 1, 2009. This article highlights key aspects of the new correction program.

Download the File