Consent Disbarment From Practice Before the Internal Revenue Service

ary in accordance with the consent offered.

The following individuals have been placed under consent disbarment from practice before the Internal Revenue Service:

Under Title 31, Code of Federal Regulations, Part 10, an attorney, certified public accountant, enrolled agent, or enrolled actuary, in order to avoid institution or conclusion of a proceeding for his or her disbarment or suspension from practice be

fore the Internal Revenue Service, may offer his or her consent to disbarment from such practice. The Director, Office of Professional Responsibility, in his discretion, may disbar an attorney, certified public accountant, enrolled agent, or enrolled actu

Name Address Designation Date of Disbarment

Fort, Gala J. Las Vegas, NV CPA Indefinite from October 19, 2004

New Code Y for the 2005 Form W–2, Box 12

Announcement 2004–96

Purpose The purpose of this announcement is to advise employers about an additional code for use on the 2005 Form W–2. This code will be used to identify annual deferrals of income under a nonqualified deferred compensation plan.

Reporting Income Deferrals Under a Nonqualified Deferred Compensation Plan

A new code ( Code Y–Deferrals under a section 409A nonqualified deferred compensation plan ), for use in box 12, has been added to the 2005 Form W–2 and the 2005 Instructions for Forms W–2 and W–3. The American Jobs Creation Act of 2004 added section 409A to the Internal Revenue Code. Section 409A generally takes effect after December 31, 2004, and requires employers to report annual deferrals under a nonqualified deferred compensation plan on each employee’s Form W–2. The deferred amounts should be reported in box 12 of Form W–2, using Code Y.

2004–47 I.R.B. 872 November 22, 2004