9781614386124

There are a variety of compensation and financial planning issues that can be addressed by nonqualified deferred compensation (NQDC) arrangements. NQDC is essentially a compensation arrangement that provides for the payment of cash, property or benefits and does not come within one of the categories of deferred compensation arrangements which are "qualified" under applicable tax statutes. Written by specialists in the field, Taxation and Funding of Nonqualified Deferred Compensation defines the perspective of both the employee and employer in using this sophisticated planning tool. In this primer, the authors demonstrate how NQDC can provide solutions to complex compensation issues and provide up-to-date information on:

The ways that NQDC can be tailored to serve the needs of employers and employees, and the tax consequences for each
Differences in the timing of NQDC benefits under income tax and FICA rules
The requirements for a NQDC plan to be exempt from some or all of ERISA
Opportunities to minimize potential estate and income taxes on death benefits paid under NQDC
How Section 457 of the IRC is applicable to NQDC arrangements for tax-exempt organizations and the unique burdens this puts on state and tax-exempt employers and their employees
How NQDC impacts social security benefits, and when the risk of forfeiture should be structured to lapse in order to avoid substantial reductions in these payments
Using NQDC with other plans, including split-dollar and 401(k) wrap plans
Issues with financial accounting and securities laws

Michael G. Goldstein is President and CEO for Summit Alliance Executive Benefits, LLC, and is a national authority on executive compensation, taxation, estate planning, and corporate law. He was previously a senior tax partner with the St. Louis, Missouri, office of Husch & Eppenberger, LLC.

Marla Aspinwall is a partner in the Executive Compensation practice group in the Los Angeles office of Loeb & Loeb LLP, where she works with employers and compensation consultants across the country to design innovative ways to provide incentive, equity, deferred compensation, life and disability benefits to highly compensated executives.

Contents
CHAPTER I — INTRODUCTION TO NQDC AS A PROBLEM SOLVER
CHAPTER II — TAX CONSEQUENCES OF NQDC FOR THE EMPLOYER
CHAPTER III — INCOME TAX CONSEQUENCES OF NQDC FOR THE EMPLOYEE
CHAPTER IV — NQDC AND FICA AND OTHER PAYROLL TAXES
CHAPTER V — TAX CONSEQUENCES OF DEATH BENEFITS PAID UNDER NQDC PLANS
CHAPTER VI — “ERISA AND NQDC”
CHAPTER VII — EMPLOYEE RISK; RABBI TRUSTS AND OTHER RISK REDUCTION DEVICES
CHAPTER VIII — “INFORMAL FUNDING” OF NQDC PLANS
CHAPTER IX — “TAX EXEMPT ORGANIZATIONS AND NQDC PLANNING”
CHAPTER X — PASS-THROUGH ENTITIES AND NQDC PLANS
CHAPTER XI — STATE TAXATION: THE SOURCE TAX LAW
CHAPTER XII — NQDC IN CONNECTION WITH OTHER PLANS; SPLIT-DOLLAR AND 401(k) WRAP PLANS
CHAPTER XIII — THE IMPACT OF NQDC ON SOCIAL SECURITY BENEFITS
CHAPTER XIV — FINANCIAL ACCOUNTING AND NQDC
CHAPTER XV — SECURITIES LAWS AND NQDC
Table of Cases
Index

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Amazon no longer offers textbook rentals. We do!

Taxation and Funding of Nonqualified Deferred Compensation A Complete Guide to Design and Implementation

Taxation and Funding of Nonqualified Deferred Compensation A Complete Guide to Design and Implementation

1614386129

Summary

Author Biography

Table of Contents

Supplemental Materials

Write a Review