Video

  • 35 minutes

High Level Review of Section 409A

 
At its most basic Section 409A is intended to force taxpayers to say exactly when future compensation payment will be made. This makes sense if you understand that the enactment of Code Section 409A was, in part, intended to address shenanigans at failing companies whereby executives accelerated payouts under their deferred compensation plans prior to the company going bankrupt. This is ultimately what Section 409A is … followed by hundreds of pages of issued regulations trying to address every potential abuse or aspect of deferred compensation. It’s become a very complex area. Keep in mind that Section 409A applies to compensation that a worker earns in one year but is paid in a future year. Be on the lookout for a promise today that pays at a later date.

In this 34-minute video our speaker, Steve Flores, reviews when Section 409A applies and when it is violated. Mr. Flores also discusses exemptions from Section 409A including short-term deferral.

Steve Flores is a Partner in the office of Winston & Strawn LLP. His practice emphasizes all aspects of employee benefits and executive compensation matters. Mr. Flores conducts regular seminars and workshops on numerous employee benefits and executive compensation matters for public and private companies. He has written several publications related to the areas of employee benefits and executive compensation.
Runtime: 34 minutes

Faculty

Steve Flores

Steve Flores

Winston & Strawn LLP

Agenda

Faculty

Steve Flores

Steve Flores

Winston & Strawn LLP

  • Partner in the office of Winston & Strawn LLP
  • Practice emphasizes all aspects of employee benefits and executive compensation matters
  • Conducts regular seminars and workshops on numerous employee benefits and executive compensation matters for public and private companies
  • Wrote several publications related to the areas of employee benefits and executive compensation
  • Member of the following organizations: Illinois State Bar Association, Chair of Employee Benefits Section Council; American Benefits Council, Policy Board of Directors Advisory Council representative; Chicago Police Board, member; National Hispanic Bar Association, deputy regional president for Region IX, chair of Awards Committee; Chicago Committee, Board member; Hispanic Lawyers Association of Illinois, In-House Counsel Committee member, Law School Committee member; LCLD Fellow; Winston & Strawn LLP, Insurance Committee, Diversity Committee and Hiring Committee
  • J.D. degree, magna cum laude, University of Illinois at Urbana-Champaign; B.A. degree in political science, University of Illinois at Chicago
  • Can be contacted at 312-558-6456, [email protected] or https://www.linkedin.com/in/stevefloreslaw

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