The Treasury and IRS have announced some revisions and clarifications to IRS Notice 2005-1 providing guidance on the executive compensation provisions of new section 409A of the Internal Revenue Code, which was added by the American Jobs Creation Act of 2004. An advance version of the notice was released to the public on December 20, 2004 and was discussed here and here.
IRS Notice 2005-1 Revised
The Treasury and IRS have announced some revisions and clarifications to IRS Notice 2005-1 providing guidance on the executive compensation provisions of new section 409A of the Internal Revenue Code, which was added by the American Jobs Creation Act of…