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Treasury Announces Clarifications to Transition Rules for Deferred Compensation Plans

JAN. 5, 2005

JS-2180

DATED JAN. 5, 2005
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Treasury Department
  • Cross-Reference
    For text of revised Notice 2005-1, see Doc 2005-435 2005 TNT 4-7: Internal Revenue Bulletin [PDF].
  • Code Sections
  • Subject Area/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2005-427
  • Tax Analysts Electronic Citation
    2005 TNT 4-27
Citations: JS-2180

 

DEPARTMENT OF THE TREASURY

 

OFFICE OF PUBLIC AFFAIRS

 

 

January 5, 2005

 

 

TREASURY AND IRS ISSUE CLARIFICATIONS OF TRANSITION RULES FOR

 

DEFERRED COMPENSATION PLANS UNDER 409A

 

 

WASHINGTON, DC -- The Treasury Department and IRS today issued clarifications to Notice 2005-1 today which provide additional guidance regarding transition rules under section 409A for nonqualified deferred compensation plans. An advance version of Notice 2005-1 was released to the public on December 20, 2004. Two clarifications are being added to the transition rules in the notice. The revised notice, incorporating these two clarifications, will be included as scheduled in Internal Revenue Bulletin 2005-2, to be published on January 10, 2005.

A copy of the revised Notice 2005-1 and the accompanying IRS announcement are attached.

DOCUMENT ATTRIBUTES
  • Institutional Authors
    Treasury Department
  • Cross-Reference
    For text of revised Notice 2005-1, see Doc 2005-435 2005 TNT 4-7: Internal Revenue Bulletin [PDF].
  • Code Sections
  • Subject Area/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2005-427
  • Tax Analysts Electronic Citation
    2005 TNT 4-27
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