Hide login
Frequently Asked Question
Can my company use part of the amount I deferred to pay the FICA (Social Security and Medicare) taxes?

Your company can take funds from the deferred amount to pay employment taxes even if the plan does not explicitly say so. Your company can also…

Not Yet Registered?
Sign up now!
You can have access to our in-depth exclusive content on NQDC in just a few clicks.
Forgot your username or password?
More FAQs
How is a secular trust taxed?
What is the tax treatment and withholding for nonqualified defined benefit plans, such as SERPs?
How is a rabbi trust taxed?
What withholding rate applies to the distributions under my nonqualified plan? How are the taxes collected?
What appears on my W-2 for the year of income distribution?
How does my company obtain money from me to pay withholding taxes when I receive distributions under the NQDC plan?
What appears on my W-2 for the year of income deferral?
What is this Section 409A I keep hearing about?
What are the rules on taxation and deferral elections for stock grants that allow deferral of share delivery at vesting?
Is the tax treatment different if I elect to receive my distributions as a lump sum instead of installments?

The content on myNQDC.com is provided as an educational resource. myNQDC.com shall not be liable for any errors or delays in the content, or any actions taken in reliance thereon. Copyright ©2023 myStockPlan.com, Inc. Please do not copy or excerpt content from this website without the express permission of myStockPlan.com Inc. Contact editors@mystockoptions.com for licensing information.