js-2180: Treasury and IRS Issue Clarifications of Transition Rules for Deferred Compensation Plans Under 409a



	FROM THE OFFICE OF PUBLIC AFFAIRS To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. January 5, 2005 js-2180 Treasury and IRS Issue Clarifications of Transition Rules for Deferred Compensation Plans Under 409a The Treasury Department and IRS today issued clarifications to Notice 2005-1 today which provide additional guidance regarding transition rules under section 409A for nonqualified deferred compensation plans. An advance version of Notice 2005-1 was released to the public on December 20, 2004. Two clarifications are being added to the transition rules in the notice. The revised notice, incorporating these two clarifications, will be included as scheduled in Internal Revenue Bulletin 2005-2, to be published on January 10, 2005. A copy of the revised Notice 2005-1 and the accompanying IRS announcement are attached. REPORTS Notice 2005-1