Long-awaited final rules governing the tax treatment of nonqualified deferred compensation hold some good news for companies, but they must act quickly—and carefully—to take advantage of the added flexibility, experts say.
The final regulations under Section 409A, a complex set of rules that govern the tax treatment of nonqualified deferred compensation, span almost 400 pages and come more than two years after the section was added to the federal tax code by the October 2004 passage of the American Jobs Creation Act.
