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Take a ‘time out’ for deferred comp

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in Small Business Tax

Is your company scrambling to comply with the new deferred compensation rules that took Jan. 1, 2008? Well, take a deep breath: The IRS just granted another “stay” lasting one year. Employers now have until Dec. 31, 2008, to put their deferred comp plans in order. (IRS Notice 2007-86)

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