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IRS Extends Most Section 409A Deadlines to December 31, 2007; Discount Stock Options Still at Risk
October 6, 2006 Full PDF
The Internal Revenue Service has extended until December 31, 2007 most documentation deadlines and transition relief under Internal Revenue Code section 409A, the tax code provision which regulates nonqualified deferred compensation. (Notice 2006-79, October 4, 2006). December 31, 2006 remains a deadline for some section 409A purposes. Importantly, December 31, 2006 is the 409A deadline for fixing certain discount stock options granted to Section 16 insiders of public companies.