Deferred Comp: Tax Strategy
Some mostly welcome clarification on taxation of deferred comp
George G. Jones JD, LL.M, and Mark A. Luscombe JD, LL.M, CPA, authored an article on tax code changes regarding issues of deferred comp. The article was published on the website AccountingToday.com. Jones is managing editor in CCH’s Washington office and Luscombe is principal analyst, at Wolters Kluwer Tax & Accounting.
In their article, Jones and Luscombe looked at the 409A proposed regulations and modifications, observing that the new proposed regulations and changes to existing modifications not only provided some welcome clarifications “… but the guidance issued generally comes down in favor of taxpayers in trying to avoid income inclusion from these situations.”
To read their informative article in full, click on Tax Strategy.
You may also be interested in a white paper published by Fulcrum Partners LLC that looks at the proposed 409A tax code modifications and new rules, as well as changes and new rules regarding tax code 457. To view this white paper, click here: Report from Fulcrum Partners 409A and 457 Updates Fulcrum Partners LLC.
Related Updates from Fulcrum Partners on Deferred Comp and Issues of 409A
- How Will 409A or 457 Changes Affect Part-Year Compensation?
- Section 409A Tax Code Changes: A Comprehensive List
- More on How Section 409A Rules Impact Nonqualified Deferred Compensation Plans