AICPA comments to IRS on recommendations for a section 409A correction program.

The AICPA submitted comments to the Internal Revenue Service on the establishment of a correction program for certain failures to comply with section 409A. as outlined in Notice 2007-100. The AICPA recommended that the IRS: extend deadlines for correcting operational errors: remove the limit for operational errors not corrected within the taxable year: change the requirement that operational errors be "'unintentional"...

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