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Taxes : Reporting
by Richard Friedman

Part 1 of this article series presented findings in a survey on participation eligibility, income eligible for deferral under a nonqualified deferred compensation plan, and the timing of deferral elections. This article gives findings on investment choices, the form and timing of distributions after the deferral period, and your scope for making changes in elections. It also explains the tax withholding and reporting for distributions.


For FICA taxes (Social Security and Medicare) with defined benefit plans (considered non-account-balance plans), your company…

The income that appears in Box 1 of your W-2, which will include salary and other compensation as well as distributions from your NQDC plans, goes on…

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Know the facts about tax? Test yourself on NQDC taxation.