Nonqualified Deferred Compensation Answer Book

by Downey, Barry K.; Smith, Henry A., III; Connors, Michael P.

• ISBN13: 9780735582149
• ISBN10: 0735582149
• Edition: 7th
• Format: Hardcover
• Copyright: 2009-11-19
• Publisher: Wolters Kluwer Law and Business

Summary

Nonqualified Deferred Compensation Answer Book is a vital question-and-answer reference that is essential for professionals who advise, plan, fund, or administer nonqualified deferred compensation plans. It is a necessary tool to attract, motivate, reward and retain top executive talent, and to provide executives with appropriate deferred compensation in combination with, and in light of the limits on, their tax-qualified deferred compensation programs. Providing clear, concise answers to well over 500 vital questions, Nonqualified Deferred Compensation Answer Book guides you through the intricacies of nonqualified deferred compensation planning...updates you on the latest tax, legislative, and other developments relevant to nonqualified deferred compensation, including the IRS final regulations under Code Section 409Ahellip;and shows you how to determine what kind of plan best fits your needs - how to fund it - how to avoid compliance problems - and more. Nonqualified Deferred Compensation Answer Book, Seventh Edition has been updated to include coverage of the latest legislative and regulatory developments. Highlights include: Summary of IRS Notice 2008-113, which provides methods for correcting certain operational failures in order to comply with the requirements of Code Section 409A Discussion of IRS Notice 2007-62 and the IRS's "intent to issue guidance " on Code Section 457 issues affecting deferred compensation and severance plans of tax-exempt and governmental employers Discussion of IRS Notice 2008-62, which describes guidance that the IRS intends to issue to provide relief from the application of Code Section 457(f) and Code Section 409A requirements for certain teacher compensation arrangements Limits on executive pay implemented by the Emergency Economic Stabilization Act of 2008 (EESA), the American Recovery and Reinvestment Act of 2009 (ARRA), and the Troubled Asset Relief Program (TARP) Other legislative, regulatory, and case law developments affecting planning with respect to nonqualified deferred compensation