Source: https://www.charitableplanning.com/library/documents/497909
Timestamp: 2020-05-26 07:12:42
Document Index: 771813349

Matched Legal Cases: ['§885', '§403', '§116', '§101', '§13603', '§401', '§116', '§116', '§403', '§885', '§403', '§885', '§885', '§403']

Section 409A: Inclusion in gross income of deferred compensation under nonqualified deferred compensation plans
(a)(1)(A)(i)(I)
(a)(1)(A)(i)(II)
(a)(1)(B)(i)(I)
(a)(1)(B)(i)(II)
(a)(2)(A)(iv)
(a)(2)(A)(v)
(a)(2)(A)(vi)
(a)(4)(B)(iii)
(a)(4)(C)(iii)
(b)(3)(D)(i)(I)
(b)(3)(D)(i)(II)
(b)(3)(D)(i)(III)
For purposes of this section, the term "restricted period" means, with respect to any plan described in subparagraph (A)—
The term "applicable covered employee" means any—
The term "nonqualified deferred compensation plan" means any plan that provides for the deferral of compensation, other than—
The term "qualified employer plan" means—
(Added Pub. L. 108–357, title VIII, §885(a), Oct. 22, 2004, 118 Stat. 1634; amended Pub. L. 109–135, title IV, §403(hh)(2), Dec. 21, 2005, 119 Stat. 2631; Pub. L. 109–280, title I, §116(a), (b), Aug. 17, 2006, 120 Stat. 856, 858; Pub. L. 110–458, title I, §101(e), Dec. 23, 2008, 122 Stat. 5100; Pub. L. 115–97, title I, §13603(c)(2), Dec. 22, 2017, 131 Stat. 2164; Pub. L. 115–141, div. U, title IV, §401(a)(80), Mar. 23, 2018, 132 Stat. 1187.)
2018—Subsec. (b)(3)(B)(i). Pub. L. 115–141 substituted comma for semicolon at end.
2017—Subsec. (d)(7). Pub. L. 115–97 added par. (7).
2008—Subsec. (b)(3)(A)(ii). Pub. L. 110–458 inserted "to an applicable covered employee" after "under the plan".
2006—Subsec. (b)(3). Pub. L. 109–280, §116(a), added par. (3). Former par. (3) redesignated (4).
2005—Subsec. (a)(4)(C)(ii). Pub. L. 109–135 struck out "first" after "requires that the".
Pub. L. 109–280, title I, §116(c), Aug. 17, 2006, 120 Stat. 858, provided that: "The amendments made by this section [amending this section] shall apply to transfers or other reservation of assets after the date of the enactment of this Act [Aug. 17, 2006]."
Pub. L. 109–135, title IV, §403(hh)(3)(A), Dec. 21, 2005, 119 Stat. 2631, provided that: "Notwithstanding section 885(d)(1) of the American Jobs Creation Act of 2004 [Pub. L. 108–357, set out below], subsection (b) of section 409A of the Internal Revenue Code of 1986 shall take effect on January 1, 2005."
Pub. L. 108–357, title VIII, §885(d), Oct. 22, 2004, 118 Stat. 1640, provided that:
"(1) In general.—The amendments made by this section [enacting this section and amending sections 3401, 6041, and 6051 of this title] shall apply to amounts deferred after December 31, 2004.
"(A) Earnings.—The amendments made by this section shall apply to earnings on deferred compensation only to the extent that such amendments apply to such compensation.
"(B) Material modifications.—For purposes of this subsection, amounts deferred in taxable years beginning before January 1, 2005, shall be treated as amounts deferred in a taxable year beginning on or after such date if the plan under which the deferral is made is materially modified after October 3, 2004, unless such modification is pursuant to the guidance issued under subsection (f) [set out as a note below].
"(3) Exception for nonelective deferred compensation.—The amendments made by this section shall not apply to any nonelective deferred compensation to which section 457 of the Internal Revenue Code of 1986 does not apply by reason of section 457(e)(12) of such Code, but only if such compensation is provided under a nonqualified deferred compensation plan—
Pub. L. 109–135, title IV, §403(hh)(3)(B), Dec. 21, 2005, 119 Stat. 2631, provided that: "Not later than 90 days after the date of the enactment of this Act [Dec. 21, 2005], the Secretary of the Treasury shall issue guidance under which a nonqualified deferred compensation plan which is in violation of the requirements of section 409A(b) of such Code shall be treated as not having violated such requirements if such plan comes into conformance with such requirements during such limited period as the Secretary may specify in such guidance."
Pub. L. 108–357, title VIII, §885(e), Oct. 22, 2004, 118 Stat. 1640, provided that: "Not later than 90 days after the date of the enactment of this Act [Oct. 22, 2004], the Secretary of the Treasury shall issue guidance on what constitutes a change in ownership or effective control for purposes of section 409A of the Internal Revenue Code of 1986, as added by this section."
Pub. L. 108–357, title VIII, §885(f), Oct. 22, 2004, 118 Stat. 1641, as amended by Pub. L. 109–135, title IV, §403(hh)(4), Dec. 21, 2005, 119 Stat. 2632, provided that: "Not later than 60 days after the date of the enactment of this Act [Oct. 22, 2004], the Secretary of the Treasury shall issue guidance providing a limited period during which a nonqualified deferred compensation plan adopted before January 1, 2005, may, without violating the requirements of paragraphs (2), (3), and (4) of section 409A(a) of the Internal Revenue Code of 1986 (as added by this section), be amended—