Next Up from the IRS: Introducing the Section 409A Compliance Initiative Project

When the IRS writes its essay about how it spent its summer vacation, it will report about how it rolled out a new compliance initiative project focusing on whether non-qualified deferred compensation arrangements are operating in accordance with Internal Revenue Code Section 409A. So says Linda Segal Blinn in MarketBeat. She writes that an IRS official earlier had hinted that the project would focus on a limited number of large companies at the outset (approximately 50 corporate taxpayers), and would assess taxpayer compliance with Code requirements governing non-qualified arrangements.