New Tax Law Requires Companies and Executives to Review Their Deferred and Equity-Based Compensation
The new tax law, entitled, "The American Jobs Creation Act of 2004," applies to non-qualified deferred compensation and will dramatically alter the tax landscape for traditional forms of deferred compensation such as deferrals of salaries and bonuses. But, in what may come as a surprise, the law may classify many types of equity-based compensation (e.g., certain stock options) as deferred compensation, subjecting them to the new provisions. Read more.
October 1, 2004