Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Text of IRS Publication 5528: Nonqualified Deferred Compensation Audit Technique Guide (PDF)|
Internal Revenue Service [IRS]
July 1, 2021
23 pages, rev. Jun. 2021. "A NQDC plan examination should focus on when the deferred amounts are includible in the employee's gross income and when those amounts are deductible by the employer. The examiner should also address if deferred amounts were properly taken into account for employment tax purposes. The timing rules for income tax and for FICA/FUTA taxes are different. This guide discusses each of these concerns[.]"
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