As discussed in our Alert earlier this month, Notice 2007-78 was issued by the Internal Revenue Service in September to provide a limited extension of the deadline for bringing deferred compensation plans and arrangements (“DCPs”) into compliance with section 409A of the Internal Revenue Code. On October 22, 2007, the IRS issued Notice 2007-86 (the “Notice”) that extends the deadline for almost all compliance actions under section 409A to December 31, 2008.
Source: Employee Benefits & Executive Compensation Client Memorandum
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