of which is contingent, in whole or in part, upon the termination of employment or other services, including cash, property, reimbursement or direct provision of living, travel, and business expenses, and life, health, or other insurance, to the extent otherwise includible in gross income. (4) Deferral period (A) In general Except as provided in subparagraphs (B) and (C), the term deferral period , with respect to any applicable deferred compensation, means the period— (i) beginning on the date the compensation was first deferred, without regard to vesting, transferability, or risk of forfeiture, and (ii) ending on the date such compensation is includible in gross income or, if applicable, the date described in section 83(a)(1) with respect to such compensation. For purposes of the preceding sentence, compensation shall be treated as first deferred as of the date the applicable taxpayer first has a legally binding right to the compensation or, in the case of property subject to section 83, the date of transfer of the property. (B) Computation of interest Solely for purposes of subsection (b)(3), the deferral period shall end on the last day of the taxable year which includes the date described in subparagraph (A)(ii). (C) Property transferred pursuant to the exercise of an option In the case of property acquired pursuant to an option described in section 83(e)(3), the deferral period shall begin on the date of grant of the option pursuant to which the property was acquired. (d) Regulations The Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of this section. . (b) Information reporting with respect to applicable deferred compensation Subpart B of part III of subchapter A of chapter 61, as in effect after the amendments made by section 334(d) of the SECURE 2.0 Act of 2022, is amended by adding at the end the following new section: 6050AA. Information with respect to applicable deferred compensation (a) In general Every person making a payment to an individual