409A Guidance on Nonqualified Deferred Compensation Plans for Beginners

In this practical guide, Fenwick attorneys Marshall Mort and Ariel Gaknoki provide a primer on Section 409A of the U.S. tax code and some of the recent legislative developments stemming from U.S. tax reform. Section 409A penalizes certain compensation structures where a service provider receives a right to payment of compensation in a later taxable year.

Previously given at a Clear Law Institute webinar, this presentation covers ways to structure plans to be exempt from and to comply with Section 409A so no additional taxes ​apply, describes the potential penalties for non-compliance, and identifies how 2017 tax reform changes the landscape for deferred compensation to employees and new opportunities to optimize tax strategy.

View the full presentation here: ​​​​​​​​​​​