Tax Considerations of NQDC Plans: Meeting 409(A) Requirements, Remitting FICA, Vested Withholding Payments
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will discuss the complexities of non-qualified deferred compensation (NQDC) plans, including the timing and reporting of tax obligations for the employer and employee, meeting the requirements of IRC Section 409(A), and avoiding plan disqualification.
- NQDC plans: an overview
- IRC Section 409(a) requirements
- Penalties and sanctions
- Payment of FICA and federal taxes
- W-2 reporting
- Notable cases
- State tax considerations
The panel will discuss these and other critical issues:
- What are the primary differences between qualified and non-qualified deferred compensation plans?
- When does FICA tax on amounts deferred have to be remitted?
- How does the rule of administrative convenience affect withholding payments on amounts vested?
- What steps should employers take to ensure their plans meet 409(a) requirements?
J. Marc Fosse
Mr. Fosse focuses on all the tax, securities, corporate and accounting issues related to executive and equity... | Read More
Mr. Fosse focuses on all the tax, securities, corporate and accounting issues related to executive and equity compensation arrangements. He works with publicly traded, private, non-profit and government clients in the design, implementation and operation of domestic and international executive nonqualified and supplemental deferred compensation plans, as well as equity-based and other long-term incentive compensation arrangements. He regularly advises clients regarding handling employee benefit matters in corporate mergers, acquisitions, divestitures, initial public offerings and other corporate transactions.Close
Mr. Pandya practices in the areas of qualified retirement plans, multiemployer plans and executive compensation.| Read More
Mr. Pandya practices in the areas of qualified retirement plans, multiemployer plans and executive compensation.Close