Client Alert: Transition Relief for Code Section 409A Deferred Compensation Arrangements Extended Until December 31, 2008
On October 22, 2007, the Treasury Department generally extended the transition relief period for deferred compensation arrangements under Section 409A of the Internal Revenue Code until December 31, 2008. This latest extension supersedes the much more limited transition relief that Treasury had issued on September 10, 2007, and apparently comes in response to concerns that had been raised by commentators regarding the limited scope of that prior release.