Treasury Guidance on Section 409A: Qs & As with Government Officials
A 90-minute TeleConference/Live Audio Webcast
1:00-2:30 pm ET / 12:00-1:30 pm CT / 11:00 am-12:30 pm MT / 10:00 am-11:30 am PT
Notice 2005-1 the first in a series of guidance on new Code Section 409A, provides welcome help in complying with the new law, but many questions remain. Bill Sweetnam and Dan Hogans, Treasury’s key players in the development of the new Section 409A guidance on nonqualified deferred compensation rules, will spend the entire program responding to questions sent in by listeners (in advance) and provide key insights on understanding and interpreting Notice 2005-1. The discussion will be organized into topics to provide the most comprehensive information.
Some of the topics to be discussed include:
- The definition of "nonqualified deferred compensation": what arrangements are subject to the new rules?
- Transition relief: what needs to be done in 2005 to bring plans into compliance?
- Grandfathered deferrals: what is grandfathered, and what is a "material modification?"
- Future guidance and open issues: what to expect during 2005
- Change in control issues
- Meaning of "specified time"
- Acceleration issues
MODERATOR:
Pamela Baker, Sonnenschein Nath & Rosenthal LLP, Chicago, IL
SPEAKERS:
William F. Sweetnam, Jr., Benefits Tax Counsel, Office of Tax Policy, U.S. Department of the Treasury, Washington, DC
Daniel Hogans, Attorney-Advisor, Office of Tax Policy, U.S. Department of the Treasury, Washington, DC
Robert Misner, Senior Technician Reviewer, Executive Compensation Branch, Internal Revenue Service, Washington, D.C.
Stephen Tackney, Counsel, Executive Compensation Branch , Internal Revenue Service, Washington, D.C.
Elizabeth Drigotas, Deloitte Tax LLP, Washington, DC
