409A Guidance Due Out Tomorrow, 12/17/04

[TCWalker]

From what I hear, (thanks ABA Joint Committee), IRS guidance goes to press tomorrow.

[smm]

That is why the ABA teleconference was postponed until tomorrow.

[Alf]

I saw that the teleconference is still on for today, but we didn't see any guidance this morning. Does anyone know (or have an educated guess) about the status of the teleconference and/or guidance? Thanks.

[mbozek]

Monday is the 60th day after enactment.

[TCWalker]

And, it looks like they've decided to wait until Monday - second reschedule.

[KJohnson]

I just called in and was told the teleconference was cancelled and they did not have a reschedule date as of yet.

[J2D2]

Funny, when I called the message was that the call has been rescheduled for this Monday.

[JanetM]

Any word on when the guidance will be out?

[E as in ERISA]

Some time soon today, I believe.

[smm]

It was just issued and the teleconference has been rescheduled for 5 today EST.

[E as in ERISA]

where?

[smm]

I am signed up for the teleconference and it is available on the JCEB website for registered attendees only. I'm sure it is elsewhere (Notice 2005-1) but I don't know where.

[Mark Whitelaw]

Go to the following Treasury Link.

http://www.ustreas.gov/press/releases/js2162.htm

[smm]

Obviously, some people received it earlier than others. Kilpatrick et. al. published an analysis of the Act by 12:45 PM EST. Either someone there is a speedreader or had some inside information.

[E as in ERISA]

In some cases paper copies may be put out at the same time the info goes to the internet people for posting.

[Harwood]

The Moderator of the ABA session - which included two people from Treasury - was from Kilpatrick Stockton