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.
Outline
- 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
Benefits
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?
Faculty
![Fosse, J. Marc](/img/t/d16d72410ebee5bc50963dcb6374e4fa.jpg)
J. Marc Fosse
Director
Trucker Huss
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![Pandya, Yatindra](/img/t/1d90971a490cab3d81f5569e3066e2cc.jpg)
Yatindra Pandya
Attorney
Trucker Huss
Mr. Pandya practices in the areas of qualified retirement plans, multiemployer plans and executive compensation.
| Read MoreMr. Pandya practices in the areas of qualified retirement plans, multiemployer plans and executive compensation.
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