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Frequently Asked Question
UPDATES! I plan to move. What if I live in a different state at distribution than the state where I worked? How is the distribution taxed?

Depending on how the NQDC plan is structured, your former state may pursue what is known as "source tax." However, states are…

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More FAQs
What is the tax treatment of company-owned life insurance when my company pays part of the death benefit to my beneficiary?
What is the tax treatment when the NQDC plan is set up to pay the benefits to my beneficiary upon my death?
If my beneficiary gets NQDC distributions because I died before receiving them, does the beneficiary owe income tax or FICA taxes on them?
Is my NQDC part of my estate if I die before receiving all of the distribution(s)? What is the tax treatment?
How do I name a beneficiary who would receive my NQDC account balance if I were to die before getting it?
What happens to my expected NQDC distributions if I die before getting them?
What parts of a nonqualified deferred compensation plan are negotiable?
Do I pay the taxes when my ex-spouse gets part of my nonqualified deferred compensation payment in a divorce settlement?
Can my payments be accelerated in divorce?
What happens with NQDC in a divorce?

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