Publications Archive

In October 2004 Congress enacted the American Jobs Creation Act of 2004 (the “Act”). The Act adds a new Section 409A to the Internal Revenue Code which significantly changes the operation and taxation of nonqualified deferred compensation arrangements (“NQDC”) for amounts deferred or that become vested on or after January 1, 2005.

Increased enforcement of existing immigration laws was one theme of this summer’s debate over comprehensive immigration reform. What many employers – even those who never deal with immigration officials – may not realize is they are on the front lines of that enforcement effort. More importantly, the federal government is stepping up both worksite enforcement and criminal prosecutions of employers, something that will impact virtually every employer.

On October 22, 2007, the Internal Revenue Service issued Notice 2007-86 which generally extends to December 31, 2008 previous transition relief that was scheduled to expire on December 31, 2007.