Tax News

CCH (cch.taxgroup.com) reports:

Interim guidance has been provided to employers and payers on their reporting and wage withholding requirements for calendar year 2007 with respect to deferrals of compensation and amounts includible in gross income under Code Sec. 409A. Interim rules have also been provided which employers and payers must use in computing amounts includible in gross income under Code Sec. 409A, and which service providers must use to satisfy their calendar year 2007 income tax reporting and tax payment requirements with respect to deferrals of compensation. Employers and payers who comply with the computation rules will not be liable for additional income tax withholding or penalties, or be required to file a corrected information return or furnish a corrected employee statement, as a result of future published guidance with respect to such computations.
Notice 2007-89, 2007FED ¶46,686
Other References:
Code Sec. 409A
CCH Reference - 2007FED ¶18,960.01
CCH Reference - 2007FED ¶18,960.025
CCH Reference - 2007FED ¶18,960.028
CCH Reference - 2007FED ¶18,960.042
CCH Reference - 2007FED ¶18,960.043
CCH Reference - 2007FED ¶18,960.046
CCH Reference - 2007FED ¶18,960.06
CCH Reference - 2007FED ¶18,960.061
CCH Reference - 2007FED ¶18,960.062
CCH Reference - 2007FED ¶18,960.075
CCH Reference - 2007FED ¶18,960.20
CCH Reference - 2007FED ¶18,960.22
Tax Research Consultant
CCH Reference - TRC COMPEN: 15,050
CCH Reference - TRC PLANRET: 3,206