Perspective
May 31, 2013
Bill would correct inadvertant tax hike
Assembly Bill 1173 is intended to provide partial relief from the additional 20 percent state penalty tax for violations of Internal Revenue Code Section 409A. By Marla Aspinwall
This month, the State Assembly approved Assembly Bill 1173, which is intended to provide partial relief from the additional 20 percent state penalty tax for violations of Internal Revenue Code Section 409A. Hopefully the bill will be approved by the Senate as the action is long overdue.
Section 409A applies broadly to any compensation paid more than a short period of time after the services are performed and the right to the compensation ves...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In