Deferred compensation is a type of employer-sponsored benefits plan where a company places assets into a special account. The employees are able to take the compensation at a later date. The year of ...
Tax-exempt organizations often provide deferred compensation to their officers, key employees, and most highly compensated employees. Like current compensation payable to such employees, deferred ...
Companies required to use “box 11” of Form W-2 in 2023 to report either payments of nonqualified deferred compensation (deferred compensation) or FICA taxation of unpaid deferred compensation may soon ...
Deferred compensation is a way for business owners, C suite execs and other highly paid individuals to cut their tax bill and prepare for retirement. A nonqualified deferred compensation (NQDC) plan ...