The Basics Of Nonqualified Deferred Compensation (Part 3): What You Need To Know About Section 409A To Avoid IRS Penalties

by Michael G. Goldstein

For your nonqualified deferred compensation to be an effective form of saving and investing, you and your company’s NQDC plan must comply with Section 409A of the Internal Revenue Code (referred to below as 409A). Failure to meet these requirements will lead to immediate taxation plus heavy penalties. This article delves into the details of 409A that you need to know.

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