Recently by Michael S. Sirkin
IRS Extends Section 409A Transition Relief To December 31, 2008
On October 22, 2007, the IRS and the Treasury Department issued Notice 2007-86 (the "Notice") extending to December 31, 2008 certain transition relief regarding the application ofSection 409A of the Internal Revenue Code of 1986, as amended ("Section 409A"), to nonqualified deferred compensation...
Read MoreNew Pension Act's Impact On 401(k) Plans And Other Defined Contribution Plans
On Thursday, August 17, the President signed the Pension Protection Act of 2006 ("Act"), which significantly alters the employer-sponsored retirement plan landscape by amending dozens of provisions of the Internal Revenue Code of 1986, as amended (the "Code") and the Employee Retirement Income...
Read MoreProject: Corporate Counsel Part I (Unintended Consequences) - Law Firms Executive Compensation: A Practice Area In Transition Since The Corporate Scandals
Editor: Mr. Sirkin, would you tell our readers something about your professional background? Sirkin: I graduated from Columbia Law School in 1972, and after a brief time with a small firm involved in securities work I joined Gilbert, Segall & Young, where I spent the next 15 years. ERISA was...
Read MoreRecent Legislation Impacts Deferred Compensation And More
In response to the perceived abuse of nonqualified deferred compensation arrangements for the benefit of executives, Congress recently passed the American Jobs Creation Act of 2004 (the "Jobs Act"), which will have a substantial impact on these arrangements. The Jobs Act adds new Section 409A...
Read MoreExempt Organization Compensation Practices Under IRS Scrutiny
The Internal Revenue Service (the "Service") is expanding its efforts to identify and halt abuse by charities and foundations that pay excessive compensation to their officers and other insiders. The Service announced on August 10, 2004 a new enforcement effort, The Tax Exempt Compensation...
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