Table of Contents

• Notice 2006-31
  • SECTION 1. INTRODUCTION
  • SECTION 2. COMMON FRIVOLOUS ARGUMENTS
  • SECTION 3. CIVIL AND CRIMINAL PENALTIES
  • SECTION 4. EFFECT ON OTHER DOCUMENTS
  • SECTION 5. ADDITIONAL INFORMATION
• Notice 2006-33
  • I. PURPOSE
  • II. BACKGROUND
    • A. Section 885 of the American Jobs Creation Act of 2004
    • 1. General Provisions Regarding Nonqualified Deferred Compensation Plans
    • 2. Income Inclusion Required if an Offshore Trust is used in Connection with a Nonqualified Deferred Compensation Plan
    • 3. Income Inclusion Required if Assets Become Restricted Upon a Change in the Employer’s Financial Health
    • 4. Additional Tax Imposed on Amounts Includible under Sections 409A(b)(1) and 409A(b)(2)
    • 5. Effective Date of Section 409A
    • B. Section 403(hh) of the Gulf Opportunity Zone Act of 2005 — Clarification of the Effective Date of Section 409A(b)
  • III. APPLICATION OF SECTION 409A(b)
    • A. Transition Relief; Limited Period to Come Into Compliance
    • B. Definition of a Nonqualified Deferred Compensation Plan Subject to Section 409A(b)
  • IV. APPLICATION OF OTHER CODE PROVISIONS AND TAX DOCTRINES
  • V. REQUEST FOR COMMENTS
  • VI. DRAFTING INFORMATION
• Notice 2006-36