The Internal Revenue Service has extended the deadline to document compliance with its Section 409A rules on deferred compensation by a year—and companies still have lots of compliance work to get done right now anyway.
As Compliance Week has previously reported, the IRS extended the deadline for making final amendments to deferred compensation plans, but did not extend the deadline for taking other actions required to comply with Section 409A. That means most companies will still need to take numerous actions by year-end, according to a bulletin from the Pillsbury Winthrop Shaw Pittman law firm.
