Great Article on Section 409A As Applicable To NFL Player Contracts
Credit to TaxProf Blog.
To read the story about the application of Section 409A to typical NFL player contracts, which appeared in The National Football Post, read here.
Final Section 409A Regulations
On April 11, 2007, the IRS issued the final Section 409A regulations.
The IRS issued preliminary guidance on Section 409A in Notice 2005-1 on January 10, 2005. The final regulations for the most part supersede Notice 2005-1, but in some respect the final regulations refer you back to Notice 2005-1.
