Taxation and Funding of Nonqualified Deferred Compensation

A Complete Guide to Design and Implementation

Michael G. Goldstein, Marla Aspinwall (Autoren)

Buch | Softcover

372 Seiten

2016 | Second Edition
American Bar Association (Verlag)
978-1-61438-612-4 (ISBN)

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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

Erscheint lt. Verlag	7.2.2016
Verlagsort	Chicago, IL
Sprache	englisch
Maße	217 x 276 mm
Gewicht	885 g
Themenwelt	Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse
	Sachbuch/Ratgeber ► Gesundheit / Leben / Psychologie
	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Steuern / Steuerrecht
	Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht
	Recht / Steuern ► Wirtschaftsrecht ► Gesellschaftsrecht
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Versicherungsbetriebslehre
ISBN-10	1-61438-612-9 / 1614386129
ISBN-13	978-1-61438-612-4 / 9781614386124
Zustand	Neuware