The waiting game for the U.S. Treasury and the IRS to issue final rules regarding deferred compensation continues—but the time is now, experts say, for public companies to make sure that all their plans, policies and agreements have been reviewed to make sure they don’t run afoul of Section 409A of the Internal Revenue Code.
The final rules, initially expected in this spring, were delayed until summer. Now the latest signals from Treasury indicate that nothing will be released until the fall—leaving little time to act before the Dec. 31 deadline for documentary compliance.
