Overview
Chairman Brady Announces Tax Cuts and Jobs Act Conference Meeting: Ways and Means Committee Chairman Kevin Brady announced that the House-Senate Conference will hold an open meeting on December 13.
IRS Issues Guidance on for Pre-2009 Section 457A Deferrals: Today, the IRS issued Notice 2017-75 dealing generally with offshore executive compensation plans established before 2009. The Notice provides that a nonqualified deferred compensation plan subject to section 409A will not fail to meet the requirements of that section because payments of deferred amounts are accelerated to pay income taxes on amounts includible in income under section 801(d)(2) of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008.