New Deferred Compensation Rules for 2006

When IRS Code Section 409A was initially enacted in October of 2004, it provided some short-term relief for employers, who could put off (for a few months) the task of figuring out and adhering to the new guidelines regarding deferred compensation. However, by early 2005, the deadlines were sneaking up fast, and employers were desperately trying to make sense of the new rules.

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