Notice 2008-113 gives taxpayers the ability to correct certain operational failures to comply with section 409A of the Internal Revenue Code,, or to limit the amount of additional taxes due to the failure to comply with section 409A. Section 409A provides rules governing the taxation of nonqualified deferred compensation plans. The notice expands upon and clarifies the program announced last year in Notice 2007-100, 2007-52 IRB 1243.
Notice 2008-113 will appear in IRB 2008-51, dated December 22, 2008
Posted by Lewis J. Saret, General Editor, Wealth Strategies Journal.
Notice 2008-113 will appear in IRB 2008-51, dated December 22, 2008
Posted by Lewis J. Saret, General Editor, Wealth Strategies Journal.
Leave a comment