Using a non-qualified deferred compensation plan to defer income.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on March 1, 1993. The length of the article is 762 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Deferred compensation can be invested so as to delay recognition of income if placed in what is termed a nonqualified compensation plan. The receipt of income is deferred if there is a risk of penalty or forfeiture if taken early. The terms of the plan should be beyond the recipient's control. A major hazard of this type of plan is that the recipient has no secured interest in the money, so in the event of financial difficulties, creditors would have priority of claim. The plan is renewable annually via a specific election by the recipient who may cancel at any time and elect to receive the income.

Citation Details
Title: Using a non-qualified deferred compensation plan to defer income.
Author: Albert B. Ellentuck
Publication:The Tax Adviser (Magazine/Journal)
Date: March 1, 1993
Publisher: American Institute of CPA's
Volume: 24 Issue: n3 Page: 197(1)

Distributed by Thomson Gale