Proposed tax regs to guide deferred compensation arrangements

Description

Abstract: The IRS has delivered on its long-promised guidance for nonprofits on deferred compensation arrangements. Among other things, the proposed regulations on so-called Section 457(f) plans clarify, and add to, the types of arrangements exempt from some of the negative tax consequences of deferred compensation plans. This article explains these plans, as well as some new and existing exemptions to their requirements.