Foley Partner Michael Woolever authored an article titled “Immediate Action Required to Protect Key Executives from Significant Additional Taxes and Penalties” in the December 2008 issue of Employee Benefit Plan Review. Woolever provides insight into the origins, terms, requirements and key compliance issues of Section 409A, an amendment to the Internal Revenue Code of 1986 included as part of the American Jobs Creation Act on October 22, 2004.
