The Internal Revenue Service (IRS) recently updated its Nonqualified Deferred Compensation Audit Techniques Guide (NQDC). It released Publication 5528 (NQDC guide) on June 1, 2021. The IRS last updated the NQDC Guide in 2015. Interestingly, the 2015 NQDC Guide was published shortly after the IRS sent information document requests to publicly traded companies to determine how well companies were complying with Internal Revenue Code (IRC) Section 409A. This latest update to the NQDC guide contains much more detailed guidance than the prior version. That is noteworthy because President Joe Biden and many members of Congress have been proposing to increase the IRS’s budget in order to provide more resources for audit initiatives. Could a new executive compensation enforcement initiative be on its way?
Latest Post
More Posts
For public companies, the time to update executive compensation practices is now: Final regulations issued under IRC Section 162(m) and American Rescue Plan Act further expands class of covered employees
Public companies may need to amend nonqualified and incentive compensation plans by Dec. 31, 2020
Process matters: IRS issues guidance on recognition of income and FICA taxes for stock-settled awards
How to claim COVID-19 tax credits via payroll
IRC Section 409A v. COVID-19: The nonqualified and executive compensation clash, and how employers can navigate it
Sixth Circuit nonqualified deferred compensation plan decision highlights importance of Code Section 409A compliance and ERISA claims procedures
Recent IRS guidance affects corporate tax deductibility of public company executive compensation arrangements and related proxy statement disclosures
Recent IRS guidance affects corporate tax deductibility of public company executive compensation arrangements and related proxy statement disclosures
Tax reform will affect public company executive compensation arrangements and related proxy statement disclosures
Subscribe: Subscribe via RSS