In his latest article for the Nebraska CPA Journal, Pete Langdon explores critical red flags in nonqualified deferred compensation arrangements under Section 409A of the Internal Revenue Code. The article identifies key rules to consider when modifying compensation or bonus structures, including prohibitions on the acceleration of payments, substitutions, and subsequent deferrals.

Pete highlights common related issues and the resulting penalties if these rules are not properly managed.

Read the full article at the link below.

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