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Final Regulations on Internal Revenue Code Section 409A Issued

04.25.2007

On April 10, 2007, the Treasury Department and the Internal Revenue Service released the long-awaited final regulations providing additional guidance on deferred compensation arrangements under Internal Revenue Code Section 409A. Please read the attached Alert for more information.

IRS Circular 230 Disclosure:  To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding any tax penalty or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

   Full text of Alert