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Overview
AALU Washington Reports “AALU Washington Reports are the property of the Association for Advanced Life Underwriting and are included for informational purposes only. Applicable copyright laws apply.”
Bulletin
Subject
Full Compliance with the Final 409A Regulations Required by the End of 2008
Summary
All non-qualified deferred compensation arrangements that are subject to Internal Revenue Code section 409A must be in full compliance by the end of 2008 with the final regulations under that section. With less than four months remaining in 2008, plan sponsors that are not in full compliance should take action now to ensure that they can be fully compliant by the end of the year…
Bulletin
Subject
Additional Analysis of Pre-September 18, 2003 Split-Dollar Life Insurance Arrangements and Section 409A
Summary
IRS Notice 2007-34 was issued in conjunction with the final regulations under Revenue Code section 409A to provide guidance regarding the application of that section to split-dollar life insurance arrangements….
Bulletin
Subject
AALU Teleseminar On Final 409A Regulations and Notice 2007-34
Summary
This Washington Report summarizes the questions that were addressed in a Teleseminar sponsored by the AALU on April 23, 2007 with respect to the recently released final regulations under Code Section 409A and Notice 2007-34. The Notice provides specific guidance regarding the application of 409A to split-dollar life insurance arrangements…
Bulletin
Subject
Additional Analysis of Final 409A Regulations
Summary
This Washington Report fulfills our promise to provide a detailed analysis of the just issued Code section 409A final regulations. (See our Bulletins Nos. 07-41 and 07-38.) IRS Notice 2007-34, which was released in conjunction with the final regulations, provides specific guidance regarding the application of section 409A to split-dollar life insurance arrangements…
Bulletin
Subject
Additional Analysis of IRS Notice 2007-34 – Guidance for Applying 409A To Split-Dollar Life Insurance Arrangements
Summary
As announced in our Washington Report No. 07-38, the Internal Revenue Service issued last week the long-awaited final regulations under Revenue Code section 409A along with IRS Notice 2007-34, which provides specific guidance regarding the application of that Code section to split-dollar life insurance arrangements….
Bulletin
Subject
IRS Releases Limited Correction Program for Section 409A Violations.
Summary
The IRS recently released its long-awaited correction program under section 409A. In its current form, the correction program is very limited as to the types of corrections that can be fixed under this program.
Bulletin
Subject
Additional Analysis of IRS Guidance On 2007 Reporting and Withholding Under Code Section 409A
Summary
The deferred compensation rules under Revenue Code section 409A impose new reporting and withholding requirements that were effective with respect to amounts deferred on or after January 1, 2005. The IRS recently issued Notice 2007-89, which provides guidance for complying with the reporting and withholding requirements for 2007. This Bulletin provides a more detailed discussion of Notice 2007-89.