Course Description: This is a basic-level course providing an overview of Internal Revenue Code (“I.R.C.”) §409A, dealing with situations in which amounts deferred under a nonqualified deferred compensation plan may be currently includible in gross income and subject to a 20 percent penalty tax. This course covers the basic elements of the distribution, acceleration of benefits, and election requirements regarding nonqualified deferred compensation, as well as, other issues important to the application of §409A. 

Course Level: Intermediate Course 

Prerequisites: None 

Delivery Method: Self-study

After completing this course you will: 

• Understand the three basic requirements of nonqualified deferred compensation plans under §409A; 
• Recognize the events and circumstances that trigger §409A; and
• Identify the types of compensation arrangements that are excluded from coverage under §409A.

CPE

2.5

CLE

N/A