Proceed with Extreme Caution on Exec Comp Plans, Tax Pros Warn

Andrew Liazos said that companies should take care when making changes to their deferred compensation plans in light of IRS Notice 2018-68, 2018-36 IRB 418. “Don’t make any changes to a nonqualified plan unless you’ve really thought through whether they could be a material modification,” he said. “That’s a real trap for the unwary.”