Deferred compensation: what physicians need to know about IRC 409A.
The American Jobs Creation Act of 2004 added Internal Revenue Code (IRC) Section 409A, which makes changes to nonqualified deferred compensation plans. Physician practice groups can take steps to avoid the risk of penalty from noncompliance. Precision and caution in addressing deferred compensation arrangements are especially important now since the IRS has targeted non-qualified deferred compensation plans as the number-one executive compensation compliance issue in its ongoing audit initiative.
Phillips
Eddie
E
Pershing Yoakley & Associates, USA. ephillips@pyapc.com
Carpenter
Allen
A
D006123:Group Practice / Q000331:legislation & jurisprudence*; D019983:Guideline Adherence; D007183:Income Tax / Q000331:legislation & jurisprudence*; D010820:Physicians; D012456:Salaries and Fringe Benefits; D014481:United States