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To view or print the PDF content on this page, download the free Adobe® Acrobat® Reader®. October 22, 2007 Treasury, IRS Extends Transition Relief for Deferred Compensation Plans Washington, DC--The Treasury Department and the Internal Revenue Service (IRS) announced today in Notice 2007-86 that the transition relief for compliance with the final regulations under section 409A of the Internal Revenue Code (409A) has been extended generally for one year. Section 409A was effective on The regulations provide guidance regarding the requirements for deferral elections and payment timing under section 409A. The regulations were in response to legislation enacted by Congress in 2004 to address concerns involving reported abuses of nonqualified deferred compensation plans.
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