Mastering New Section 409A and 457(f) Deferred Compensation Rules: Calculating and Reporting Includible Amounts
Recording of a 110-minute CPE webinar with Q&A
This course will provide a comprehensive and practical guide to determining and reporting includible amounts from nonqualified deferred compensation plans under Sections 409A and 457(f). The panel will discuss the new IRS guidance on both sections, and offer complete and practical tools for identifying income that must be recognized and included as currently taxable income.
- Overview of Section 409A and 457(f)
- Identifying Recognition-triggering events
- New IRS guidance issued in REG-123854-12 for Section 409A Plans
- New guidance for 457(f) plan deferrals and deviations from 409A treatment
- Arrangements not treated as deferred compensation under Section 457(f)
- Planning considerations for taxpayers with 409A plans
The panel will discuss these and other important issues:
- What events constitute a lapse in "substantial risk of forfeiture" (SROF) that qualify as a triggering event, such that a taxpayer must include the deferred amount in current year taxable income, under both a 409A and a 457(f) plan?
- How are stock rights impacted by Section 409A requirements?
- New proposed rules in REG-123854-12
- What are the reporting responsibilities for employers and employees on 409A deferred amounts?
- How do the new proposed regulations under 457(f) treat non-compete clauses differently in determining SROF?
- Required calculations when compensation deferred under a nonqualified plan becomes includible due to a lapse in SROF
Norton Rose Fulbright US
Mr. Clark practices in areas of employee benefits and tax. He represents and counsels clients on a range of... | Read More
Mr. Clark practices in areas of employee benefits and tax. He represents and counsels clients on a range of compensation and benefits matters, including ERISA compliance, the compensation and benefits aspects of merger and acquisition transactions, executive compensation programs, plan terminations, ERISA fiduciary duty and prohibited transaction rules, cross-border employee transfers and benefit plan controversies. He also advises private equity and hedge funds on compensation issues and ERISA compliance and works with financial institutions in the structuring and implementation of retirement products and services. He also has considerable experience in federal tax issues related to deferred compensation and tax-exempt organizations.Close
Barry L. Salkin
The Wagner Law Group
Mr. Salkin is an employee benefits attorney focusing on diversified employee benefits, compensation, ERISA,... | Read More
Mr. Salkin is an employee benefits attorney focusing on diversified employee benefits, compensation, ERISA, tax-qualified plans and welfare plans. He has published and presented at conferences on a wide array of ERISA issues including fiduciary litigation and the DOL fiduciary rule.Close
Alvarez & Marsal Taxand
Ms. Hoeinghaus provides tax advice to corporate clients for executive compensation matters, including issues related to... | Read More
Ms. Hoeinghaus provides tax advice to corporate clients for executive compensation matters, including issues related to golden parachute rules, stock options, restricted stock, deferred compensation, the one million deduction limitation and global compensation strategies. She assists with the review and design of both equity and non-equity based compensation programs, performing market analysis to align compensation with a company’s business strategies, and evaluating the tax and accounting ramifications of compensation. She also works with qualified and non-qualified retirement plans.Close