Taxation and Funding of Nonqualified Deferred Compensation: A Complete Guide to Design and Implementation - 4th Edition - Marla J Aspinwall

Taxation and Funding of Nonqualified Deferred Compensation: A Complete Guide to Design and Implementation 4th Edition Marla J Aspinwall ISBN 9781641059268

Nonqualified deferred compensation (NQDC) arrangements can be used to address a wide range of compensation and planning challenges. NQDC generally refers to arrangements that provide for the future payment of cash, property, or benefits but do not fall within the categories of “qualified” deferred compensation plans under applicable tax laws.

This updated and expanded edition of Taxation and Funding of Nonqualified Deferred Compensation offers a comprehensive and current guide to using this highly flexible planning tool to meet clients’ financial objectives. Written by leading practitioners in the field, the book examines NQDC from both the employer’s and employee’s perspectives and demonstrates how these arrangements can be structured to solve complex compensation issues.

The authors provide clear, up-to-date guidance on:

• How NQDC plans can be customized to meet the needs of employers and employees, and the tax implications for each

• Differences in the timing of NQDC benefits under income tax and FICA rules

• Structuring NQDC arrangements to comply with Internal Revenue Code Section 409A

• Strategies to reduce potential estate and income taxes on NQDC death benefits

• Application of IRC Section 457 to NQDC plans for tax-exempt organizations, including the unique challenges faced by state and nonprofit employers and their employees

• The impact of NQDC on Social Security benefits, including how to time the lapse of forfeiture risks to avoid significant benefit reductions

• Coordinating NQDC with other planning tools, such as split-dollar arrangements and 401(k) wrap plans

• Financial accounting, securities law considerations, and related compliance issues

Taxation and Funding of Nonqualified Deferred Compensation: A Complete Guide to Design and Implementation 4th Edition Marla J Aspinwall ISBN 9781641059268, 978-1641059268 & 9781641059275

Authors
Marla J Aspinwall
Michael Gerald Goldstein
Megan Stombock