What are the requirements for qualified transportation fringe benefit programs to be exempt from Section 409A?

2 Section 409A imposes a significant tax penalty on deferred compensation arrangements that do not meet its numerous technical requirements.3 Thus, the effect ... May 16, 2024 ... 409A is a very complicated tax code provision in the internal revenue code that regulates nonqualified deferred compensation. Jul 12, 2023 ... In this context, the punitive tax result is exacerbated by the fact that the employee did not receive any cash. Further, section 409A requires a ... Oct 1, 2017 ... This Client Advisory provides, in a user friendly, question-and-answer format, a summary of the guidance available to date on this important new ... Jul 28, 2016 ... Section 409A regulates nonqualified deferred compensation (NQDC) plans and arrangements, which are commonly used to provide supplemental compensation to key ... Jan 8, 2008 ... Background. Section 409A principally regulates timing with re- spect to nonqualified deferred compensation — timing in regard to elections to ... Not only are traditional nonqualified deferred compensation plans such as supplemental executive retirement plans affected, Section. 409A also governs many ... Section 409A was enacted by Congress as part of the American Jobs. Creation Act of 2004. This law makes dramatic revisions that could cause immediate taxation ... Dec 4, 2013 ... Regardless, if the reimbursement constitutes taxable income for the employee and is subject to Section 409A of the Internal Revenue Code (the “ ... [409a] “What arts do you say these are?” His answer, no doubt, would be—“Gymnastics and medicine.” So now, in the case before us, what do we say is the art ...