IRS Extends Section 409A Transition Relief To December 31, 2008
Saturday, December 1, 2007
On October 22, 2007, the IRS and the Treasury Department issued Notice 2007-86 (the "Notice") extending to December 31, 2008 certain transition relief regarding the application ofSection 409A of the Internal Revenue Code of 1986, as amended ("Section 409A"), to nonqualified deferred compensation plans.The Notice is a welcome expansion of the more limited...