December 08, 2011 § 457(f) regs to 'clean-up' § 409A

A key IRS attorney said last week that the § 457(f) regulations will be used as a vehicle to do some § 409A “clean-up.” He also referred to the initial guidance being proposed rules. These comments seem to indicate that the regulations are moving forward, are broader than originally thought, and have a better chance of receiving earlier rather than later attention. The indication that they will come out in proposed form is positive news as it will not only give a chance for comment, but a longer period for easing into the new rules. From: bna.com

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