IRS news – Proposed 457 regulations: bona fide severance pay plan and substantial risk of forfeiture

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Source: International Law Ofice, July 22 2016 | Contributed by Caplin & Drysdale

In June 2016 the Internal Revenue Service (IRS) issued comprehensive proposed regulations on the application of Section 457 of the Internal Revenue Code to certain deferred compensation plans of state and local governments and tax-exempt entities – the first official guidance to be issued since IRS Notice 2007-62.

Caplin & Drysdale article here



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