Follow-Up Webcasts on New Deferred Compensation Rules: How the Newly-Released IRS Guidance May Affect You
Subscriptions
Choice of two dates to attend:
December 22, 2004 at 3:00pm (EST)
December 23, 2004 at 12:00pm (EST)
45-minute presentation followed by an interactive Q & A session
Sweeping changes have been made to the tax rules governing deferred compensation plans. We anticipate that the new IRS guidance will be issued late this week (December 13-17). Please join our follow-up presentation next week to discuss how this may impact you.
These new rules are technically effective on January 1, 2005, but are, for all practical purposes, effective currently for many of our clients. The new legislation requires Treasury/IRS to issue guidance this month to address a variety of transitional issues, including (a) how plan sponsors can modify non-grandfathered arrangements to bring them into conformity with the new rules; and (b) how plan participants with unvested deferred compensation rights otherwise subject to the new rules may be able to "elect out" of the new rules and take a current, taxable distribution.
The emphasis of this webcast in this series will be to address what, if anything, needs to be accomplished immediately (by year end 2004) with respect to deferred compensation arrangements. We are also planning another set of webcasts in early 2005 to address longer-range planning. We believe that almost all deferred compensation arrangements (including some arrangements not typically thought of as deferred compensation plans, like stock appreciation rights and severance arrangements) will need to be reviewed and revised in 2005.
Presenters: