Webinar: Expert Advice on Navigating the New Proposed Regulations Under Sections 409A and 457 | Practical Law
On June 21, 2016, the IRS issued proposed regulations under Sections 409A and 457 of the Internal Revenue Code. The new proposed Section 409A regulations clarify several issues under Section 409A's existing final regulations and tighten the requirements for correcting potential Section 409A violations by changing the time or form of payment of unvested amounts. The proposed Section 457 regulations prescribe rules impacting the deferred compensation arrangements of state or local governments or other tax-exempt organizations.