On April 10, 2007, the IRS and the Treasury Department issued final
regulations for Internal Revenue Code Section 409A. The final regulations
set out rules governing elections to defer compensation, the permissible
acceleration of payments, and methods for funding these benefits. The
regulations also significantly restrict the ways in which compensation can be
deferred and paid without being taxed prior to actual or constructive
receipt. All but a limited number of deferred compensation arrangements
must comply with the new regulations by December 31, 2007, in order to
avoid significant tax consequences, interest, and penalties.
Join us September 12, 2007 for a Breakfast Briefing on:
- What is Section 409A?
- What qualifies as a “deferred compensation” arrangement?
- Who will be impacted by Code Section 409A?
- What are the penalties for non-compliance?
- What are my responsibilities as an employer?
Date: Wednesday, September 12, 2007
Location: Preti Flaherty, One City Center, Portland (Penthouse)
Time: 8:15 am – 9:30 am
This event is free to attend, but space is limited. Please RSVP by September
7 to Kim LeBlanc at 207.791.3004 or by email: kleblanc@preti.com.
