Law Professor Blasts 409A - Questions Enforceability

Professor Drennan notes that 409A is "complex and bizarre" and will impose heavy burdens on small business, charities and their employees; contributes to the erosion of voluntary compliance with tax laws. 40 U. Tol. L. Rev. 53 (2008).

Prof. Drennan.

Hat tip to Roth, CPA.

Hat tip to Tax Prof.