On January 5, 2010 the Internal Revenue Service and the Department of the Treasury issued Notice 2010-6, a guidance on how to correct document failures under Section 409A of the Internal Revenue Code (the “Code”). Taxpayers may rely on this latest guidance for tax years beginning on or after January 1, 2010.

This new deferred compensation correction program is explained in further detail within following Client Alert published by the Kutak Rock Employee Benefits Practice Group (please click link):

• New IRS Guidance on Correcting 409A Document Failures
  • January 8, 2010

For additional information about this announcement or other workplace requirements, please contact one of these members of the Kutak Rock Employee Benefits Practice Group:

• John Schembari 
• Peter Langdon 
• Juliana Reno 
• Kathryn Magli 
• William McCartney 
• Margaret Olsen 
• Autumn Long 
• Michelle Ueding