Internal Revenue Bulletin:  2007-41 

October 9, 2007 

EMPLOYEE PLANS


Table of Contents

Notice 2007-78 Notice 2007-78

This notice provides transition relief and additional guidance on the application of section 409A of the Code to nonqualified deferred compensation plans. The notice generally extends to December 31, 2008, the deadline to adopt documents that comply with section 409A, subject to limited requirements regarding the timely written designation of a time and form of payment. The notice also provides guidance addressing certain issues raised by the application to employment agreements and cashout features of section 409A and the final regulations, and the application of section 409A(b) to certain trusts and other arrangements to pay for nonqualified deferred compensation.


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