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New IRS guidance complicates both executive bonus plans and deferred compensation arrangements

  • Ogletree Deakins
  • -
  • USA
  • -
  • February 25 2008

In Revenue Ruling 2008-13 (Feb. 21, 2008), the Internal Revenue Service (IRS) added an additional layer of complexity to drafting compensation arrangements for senior executives - an area of the law that already has been subjected to unprecedented changes as the result of Internal Revenue Code (IRC) Section 409A

IRS steps up on cafeteria plans

  • Ogletree Deakins
  • -
  • USA
  • -
  • August 14 2007

Well, you don’t want to rush into these things

Final regulations issued under Section 409a

  • Ogletree Deakins
  • -
  • USA
  • -
  • April 10 2007

On April 10, 2007, the Internal Revenue Service ("IRS") and the Department of the Treasury issued final regulations under Internal Revenue Code Section 409A

Treasury and IRS extend deadline for 409A document compliance to December 31, 2008

  • Ogletree Deakins
  • -
  • USA
  • -
  • September 12 2007

On Monday, September 10, 2007, the Treasury Department and the IRS issued Notice 2007-78, which provides limited transition relief and additional guidance on the application of Internal Revenue Code Section 409A to nonqualified deferred compensation plans

Less than 100 days - that's how long your company has to comply with Section 409A in operation

  • Ogletree Deakins
  • -
  • USA
  • -
  • September 25 2007

With open enrollment only weeks away, your new online system is still being tested

IRS issues new guidance under Internal Revenue Code Section 409A

  • Ogletree Deakins
  • -
  • USA
  • -
  • October 25 2007

On October 22, 2007, the Internal Revenue Service ("IRS") issued Notice 2007-86, which generally extends until December 31, 2008, the transition relief for documentary compliance with Internal Revenue Code ("Code") Section 409A

Governor Corzine signs bill to prevent July tax increase to employers

  • Ogletree Deakins
  • -
  • USA
  • -
  • July 2 2008

On June 19, Governor Jon Corzine signed S1698 into law authorizing a supplemental appropriation of $260 million from the State’s 2008 budget surplus to prevent a scheduled July tax increase on employers due to the depletion of State unemployment compensation funds

Newly signed “jobs bill” provides tax breaks to companies that hire unemployed workers

  • Ogletree Deakins
  • -
  • USA
  • -
  • March 22 2010

On March 28, 2010, President Obama signed the Hiring Incentives to Restore Employment (HIRE) Act, which contains more than $17 Billion in tax credits aimed to stimulate employment, and includes $20 Billion for highway and transit infrastructure programs

IRS 401(k) compliance check are you ready?

  • Ogletree Deakins
  • -
  • USA
  • -
  • May 26 2010

Approximately 1,200 randomly selected 401(k) plan sponsors received letters, sent during the week of May 17, from the IRS Employee Plans Compliance Unit asking them to complete a 401(k) Compliance Check Questionnaire

Document correction program for document failures in nonqualified deferred compensation arrangements

  • Ogletree Deakins
  • -
  • USA
  • -
  • January 15 2010

On January 5, 2010, the Internal Revenue Service (IRS) issued Notice 2010-6 providing employers and employees with long-awaited guidance (and relief) with respect to correction of certain document failures that otherwise would subject nonqualified deferred compensation arrangements to the punitive terms of Section 409A of the Internal Revenue Code