Prior to the enactment of Section 409A, 1 the general income tax rule was that compensation deferred under an ineligible and unfunded Section 457(f) plan was includable in gross income in the ...

I am a 44-year-old physician who works for a nonprofit hospital system. I am eligible to contribute to a 457 plan that was instituted at our hospital. I contribute the maximum amount to my 403(b ...

This affects Section 457(b) eligible deferred compensation arrangements maintained by state or local governments and is optional for distributions in plan years beginning on or after January 1, 2020.

How 457 plans work. Section 457 of the Internal Revenue Code covers deferred compensation plans for state and local government entities as well as any organization that is exempt from income tax.

In an exposure draft titled Internal Revenue Code Section 457 Deferred Compensation Plans That Meet the Definition of a Pension Plan and Supersession of GASB Statement 32, GASB recommends that if a ...

Drinker Biddle says the IRS is getting ready to issue long-anticipated regulations governing Internal Revenue Code Section 457(f) plans. In an alert sent out by the law firm to its clients, Drinker ...

A 457 plan is a type of retirement plan offered by government and nonprofit organizations. 457 plans allow you to defer a portion of your pay, invest in various assets, and pay taxes upon withdrawal.

Officials from Treasury and the IRS have indicated that the IRS is planning to issue guidance on a number of issues involving Code Section 457 deferred compensation plans, CCH reported. According to ...

The authors of Tax Facts discuss pros and cons of a number of tax related issues in this weekly series. Read Debates ...

Current GASB guidance explicitly excludes Sec. 457 plans from the pension standards. The proposed guidance also would supersede the remaining provisions of GASB Statement No. 32, Accounting and ...