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 ...

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 ...

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 ...

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 ...

A properly constructed unfunded 1 nonqualified deferred compensation agreement can postpone payment of compensation for currently rendered services until a future date, with the intended objective of ...

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a ...