On September 10, 2007, the Internal Revenue Service released Notice 2007-78 (the "Notice"), which provides limited relief from the December 31, 2007 deadline for bringing deferred compensation arrangements1 subject to Internal Revenue Code § 409A ("409A") into full compliance with 409A and the final 409A regulations. The 409A compliance standard currently in effect through December 31, 2007 is "good faith compliance."
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