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Not surprisingly, some lawyers have suggested that Jason and I are now 409A experts and that we have been dispensing 409A advice. Nothing could be further from the truth – we are merely expressing our opinions as lay people affected by 409A about what we think is going on. Of course, since lawyers have written us, we feel compelled to clarify. Fortunately, the IRS gives us a way to do this, as follows:
Circular 230 Disclaimer: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or tax-related matter(s) addressed herein.
Of course, since I’m neither a lawyer or an account, this all feels a little silly. However, Jason is a lawyer and – well – he thinks it’s patently absurd. Now, if you want any advice on the best way to watch 24 on Sunday night, feel free to ask.