IRS Issues Corrections to Final 457 Regulations

The IRS has issued corrections to the final section 457 regulations governing deferred compensation plans of state and local governments and tax-exempt entities. The IRS states that the final regulations which were published in July (which you can access here)…

The IRS has issued corrections to the final section 457 regulations governing deferred compensation plans of state and local governments and tax-exempt entities. The IRS states that the final regulations which were published in July (which you can access here) contained “errors that may prove to be misleading and are in need of clarification.”

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