The final regulations for Internal Revenue Code Section 409A were released yesterday. Most people on the face of the planet (and I am talking WELL OVER 99.999999999999999%) could not care less. I, however, am one of the lucky ones who has to read and digest the almost 400 pages of this shit.
Get a load of this - an excerpt:
"Therefore, the final regulations provide that the special rules with respect to commissions apply to arrangements involving a customer related to the service provider or the service recipient provided that substantial sales or substantial services occur between the service recipient and a significant number of unrelated customers, and the sales or service arrangement and the commission arrangement with respect to a customer related to either the service recipient or the service provider are bona fide and arise in the ordinary course of business, and both the terms and practices are substantially the same as the terms and practices applicable to customers to whom the service provider and service recipient are not related, and to whom, either individually or in the aggregate, the service recipient has made substantial sales or provided substantial services."
Hey folks, that is ONE SENTENCE. Un-fucking-believable.
-Id
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