Featured Jobs

Pension Practice Director (Louisville KY / Telecommute)

Retirement Plan Administrator (Kennett Square PA)

Senior Qualified Plan Administrator (Miamisburg OH)

NQ Client Services Manager (Lake Mary FL / Dallas TX)

Regional Sales Vice President, Outside Retirement Sales Consultant (Marlton NJ / Telecommute)

Compliance Manager (Ponte Vedra Beach FL)

Compliance Administrator III (Chico CA / Telecommute)

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn

<< Previous news item   |   Next news item >>

11/22/2004: New IRS W-2 Code for Reporting Annual Deferrals of Income Under a NQDC Plan (PDF) (Internal Revenue Service via Mercer Human Resource Consulting)
1 page. Excerpt: In Announcement 2004-96, the IRS unveiled a new code (Code Y) for use on the 2005 Form W-2 to identify annual deferrals of income under a nonqualified deferred compensation plan. The American Jobs Creation Act of 2004 (PL 108-357) added section 409A to the Internal Revenue Code. Section 409A generally takes effect after December 31, 2004, and requires employers to report annual deferrals under a nonqualified deferred compensation plan on each employee's Form W-2.
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2019 BenefitsLink.com, Inc.