In a blog post released this past Monday and authored by Michael S. Melbinger of Winston & Strawn LLP, Melbinger takes a closer look at the recently released IRS Audit Technique Guide for Nonqualified Deferred Compensation Plans.
Noting that the headline about the release “looked promising,” and that this is the first IRS update since 2005, Melbinger said, “The new Audit Technique Guide (ATG) leaves the impression that 409A is only a minor concern for the IRS auditors of nonqualified deferred compensation plans.”
Melbinger then goes on to observe that perhaps the IRS is trying to send the warning that one shouldn’t ignore all the other rules that apply to nonqualified deferred compensation plans and points out key areas that should not be overlooked. Follow this link to read the article in full: IRS releases nonqualified deferred compensation audit techniques guide.
Related News on Nonqualified Deferred Compensation Plans
- Nonqualified Deferred Compensation Audit Techniques Guide (June 2015)
- Recent IRS activity focuses on nonqualified deferred compensation plans
- Nonqualified Deferred Compensation Section 409A Compliance
- Unfortunate Court Decision Holding Employer Liable for Legal, But Not Optimal, Tax Withholding