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SECTION 409A W-2 REPORTING FOR 2007
October 24, 2007
Execrable Code Section 409A requires employers to list the amount of compensation deferred during a year on employee W-2s. The W-2 requirement has been deferred since its enactment. The IRS yesterday punted the requirement at least to 2008 (Notice 2007-89). The Notice says that employers and those paying independent contractors are not required to report amounts deferred on 2007 W-2s or 1099s.
The notice also provides rules for reporting amounts that are taxable income in 2007 under Section 409A.
Related: IRS DELAYS SUBSTANTIVE REQUIREMENTS FOR 409A
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