409A

Event Details:                                                                                                                                                           printer-friendly page

The Treasury Department and the Internal Revenue Service (IRS) issued final 409A regulations which substantially contribute changes in the way non-qualified deferred compensation (NQDC) are treated for income tax purposes. Follow-up rule is the IRS Notice 2007-78 which extended the document compliance until January 1, 2008. Identifying the timing of distribution and deferrals are only some of the critical and very technical methods that need to be addressed firsthand. All key service providers are expected to submit, non-compliance will face a great risk of violating US tax laws.

The Knowledge Congress is bringing together a panel of experts who will share their expert opinions in a two-hour webinar. Discussions will include the best approaches in complying with the said Rules. A live interaction with the audience in a question and answer format is also included. The event will take place on October 24th, 2008, 12:00nn to 2:00pm (ET). The event will take place on October 24th, 2008 @ 12:00nn to 2:00pm (ET). Click the button below to register in this event.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit.)
Advance Preparation: Print and review course materials
Course Code: 083795
Recording Fee: $299 (Please click here for details)

 

Featured Speakers for IRC Section 409A live webinar:                                                                              


  Event Talking Points (click here to view more)
SEGMENT 1:


Helen H. Morrison, Deputy Benefits Tax Counsel, Office of Benefits Tax Counsel,
U.S. Department of the Treasury

- Conclusion of 409A “good faith” compliance period December 31, 2008
- Requirements to bring plans into compliance
- Reporting and withholding guidance
- Future 409A guidance

SEGMENT 2:


Chris Cykowski, Esq. and Robert W. Kaufman, Esq.,
Vice President, Technical Resource Group & Legal and Managing Senior Advisor, Technical Resource Group,
Clark Consulting

Bringing Voluntary Deferral Programs into Compliance with IRC 409A – An Overview of Prevalent Plan Design Features and Operational Practices Implemented by Plan Sponsors.

  - “Class year” vs. “plan level” payment elections for certain distribution triggers
  - Alternative methods for applying the 6-month delay for payments triggered by separation from
    service
  - Deferral elections for incentive compensation – use of the “performance based” compensation
    deferral election timing rule
  - Installment payments – treatment as a “single” payment vs. a series of “separate” payments
  - The “toggle” rule – use of alternate payment schedules tied to a participant’s separation from
    service

SEGMENT 3:


Aliya Wong, Director for Pension Policy,
U.S. Chamber of Commerce

- 409A and Performance-based Compensation under 162(m)
  » PLR 200804004 and Rev Proc 2008-13 have changed the rules going forward.
  » Discussion of how employers will need to restructure 409A plans in the wake of this guidance
     and what the transitions rules mean in the short term.
- Proposed legislation that could broaden 409A
  » Annual limits on deferred compensation
  » Linking non-qualified deferred compensation benefits to the solvency of qualified plans
- The Correction Program
  » Short compliance window
  » Employer paid taxes treated as income to service provider
  » Withholding and other taxes not addressed
- Relationship between backdated option guidance and 409A

SEGMENT 4:


Scott L. Beauchene, Director, Valuation Services ,
Grant Thornton LLP

- 409A stock option valuations: does current valuation practice match the regulations?
- Has the IRS honed their reviews of 409A valuation work?
- Is there any new guidance for practitioners?
- What pitfalls should I attempt to avoid in my 409A valuation work?
- What is the relationship between my 409A valuation work and other provisions about compensation
  in 409A?


U.S. Department of the Treasury
Helen H. Morrison
Deputy Benefits Tax Counsel, Office of Benefits Tax Counsel
speaker bio »»

Clark Consulting
Chris Cykowski, Esq.
Vice President, Technical Resource Group & Legal
speaker bio »»

Clark Consulting
Robert W. Kaufman, Esq.
Managing Senior Advisor, Technical Resource Group
speaker bio »»

U.S. Chamber of Commerce
Aliya Wong
Director for Pension Policy
speaker bio »»

Grant Thornton LLP
Scott L. Beauchene
Director, Valuation Services
speaker bio »»

Who Should Attend?

- Private companies
- Public companies
- Compliance officers
- Auditors
- Accountants
- Attorneys
- Legal officers
- Tax advisors
- Tax preparers
- Payroll & Benefits Administrator
- Business consultants

Why Attend?

This is a must attend event for anyone interested in understanding the related issues and developments on IRC Section 409A.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    



IRC Section 409A
Speaker Organization, and Firm:


U.S. Department of the Treasury





 

Event Sponsor:


Clark Consulting is an authoritative source of risk management and strategic financing solutions for inefficiently funded and unfunded liabilities that result from executive and employee benefit programs. Since 1967, Clark experts have designed thousands of benefit plans and administered billions in assets for leading American corporations and banks in their pursuit of financial goals.

Pragmatic and customized products and services offer multiple client solutions across a single platform that include placement of corporate and bank-owned life insurance (COLI/BOLI), nonqualified deferred compensation plans, investment research and advisory services, and asset administrative services.

Clark Consulting is a wholly owned subsidiary of AEGON USA, one of the world's largest life insurance and pension groups, and provider of investment products. Visit us on the web at: www.clarkconsulting.com or www.409A.net