What You Need to Know About 409A - Non-Qualified Deferred Compensation

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A NSAC Cooperative Learning Network is a live, interactive 60-minute conference presented over the telephone and over the Internet. You can attend from any location that has telephone and Internet access. You pay just one registration fee for as many participants as you wish at each call/log-in location.

Note that high-speed Internet access is not mandatory – the system works with dial-up but you must have separate connections for the audio and video portions. You may use cell phones for the audio if you have only one connection.

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Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the session meeting room. Sessions include one CPE Certificate of Attendance. Certificates for additional participants are $10.00 each.

Sessions qualify for CPE credit if requested.

Why NSAC Cooperative Learning Networks?

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Easy.
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Ideal for multiple attendees.
Use a speakerphone and projector and invite as many people as you want to participate - at no extra cost to you.

Affordable.
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What You Need to Know About 409A - Non-Qualified Deferred Compensation - Final Regulations
Date: Thursday, May 01, 2008
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Daniel S. Welytok, Attorney with Whyte Hirschboeck Dudek, SC
Objective: The participant will learn:
• What plans or arrangements might be subject to Code Section 409A
• why compliance is required
• what the penalties are for noncompliance
• a general overview of what the final regulations provide for
• what needs to be done (and what can be done) between now and January 1, 2009.
Field of Study: Taxes
Program Level: Intermediate
CPE Credit: 1 Credit Hour

No advanced preparation or prerequisites are required for this course.

Course Description
This CLN will review the highlights of the final regulations that interpret Internal Revenue Code Section 409A on deferred compensation arrangements, discuss key concepts and applications, and provide an overview of what arrangements may be subject to Code Section 409 A. What needs to be done prior to January 1, 2009 in order to bring subject arrangements into compliance will also be covered.

Presenter Bio(s)
Daniel S. Welytok is a shareholder in the Milwaukee office of Whyte Hirschboeck Dudek S.C., where his primary areas of practice include taxation, exempt organizations and business law. Dan provides a broad range of representation, advising clients on detailed aspects of organization and planning, operational issues, compensation practices, income reporting and recognition issues, cooperative and membership associations as well as transactional issues.

He has served in various leadership roles in the tax section of the American Bar Association and as the Great Lakes Area liaison with the Internal Revenue Service Tax Exempt/Government Entities Division. Dan advises a wide mix of tax-exempt and non-profit organizations including some of the nation’s leading cooperatives on business and tax implications covering a variety of transactions and activities.

Welytok is the co-author of Nonprofit Governance for Dummies, and is a frequent speaker at a variety of national and local tax seminars. He received his law degree in 1986 from the University of Wisconsin and his Masters of Law in Taxation from DePaul University in 1990. He is admitted to practice in Wisconsin, Illinois and District of Columbia and the U.S. Tax Court.

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org