IRC § 409A Seminar

The American Bar Association Section of Real Property, Probate and Trust Law and the ABA Center for Continuing Legal Education is sponsoring a 90 minute teleconference on October 3, 2006 entitled New Traps for Executives and Business Owners — What Estate Planners Need to Know About 409A.

Here is a description of the program:

Internal Revenue Code Section 409A significantly changed non-qualified deferred compensation planning. The rules can apply to arrangements not commonly considered deferred compensation. 

After attending this program, you will be able to:

• Identify which arrangements are subject to section 409A
• Explain what section 409A requires
• Describe how section 409A impacts business succession planning and the sale of a business
• Anticipate the traps for publicly traded and non-publicly traded companies

Failure to comply with the rules of section 409A can subject the participant to immediate income tax and a 20% penalty, plus interest.