Philadelphia Employment Law Firm

Section 409A of the Internal Revenue Code for Deferred Compensation Rules

The Internal Revenue Code Section 409A defines the rules and regulations governing deferred compensation.  Deferred compensation is untaxed income that is earned and then saved for taxation and distribution at a later date.  Our employment lawyers in Philadelphia analyze employee deferred compensation plans and employment agreements to ensure that their terms and conditions are in compliance with the latest laws.  There are serious consequences for the employee if they fail to comply with the regulations set forth by the Internal Revenue Code Section 409A.  Earnings set aside in previous years as well as the current year could be subject to taxation along with a 20% penalty tax for non-compliance.  Sidney L. Gold & Associates understand the law and keep up to date with changes and amendments that may occur so that they can best protect the investments of their clients.

For more information on the Internal Revenue Code Section 409A, call the Philadelphia employment law firm of Sidney L. Gold & Associates at 215-569-1999, or complete our online contact form.

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A Message to Our Customers About Coronavirus COVID-19:
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A Message to Our Clients About Coronavirus COVID-19:

At Sidney L. Gold & Associates, P.C. we view the safety and well-being of our clients, staff and business partners as our highest priority.

The situation regarding the COVID-19 virus is continually changing, and we are following all recommended guidelines to stay healthy.

Currently, our business will remain open to serve your needs.

We are happy to arrange for phone or video consultations should you have any concerns about keeping your scheduled appointments with us. We are also able to exchange documents via secure drives or email.

Should you have any concerns regarding an upcoming meeting with us, please contact us online or call 215-569-1999.

We are continuing to fight on behalf of our clients and that we are all able to handle things even if mandated by the government that we work remotely.

Thank you and take care.