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Tax Returns and Nonqualified Deferred Comp: Issues to Be Aware Of
myStockOptions.com Link to more items from this source
Mar. 21, 2023

"Distributions from NQDC plans, as well as salary income, are now reported as part of income on Line 1a of Form 1040.... The IRS has still not finalized the Section 409A rules on W-2 reporting. Therefore, your company does not need to indicate deferred income from an NQDC plan on your Form W-2, though it may do so voluntarily in Box 14.... If your plan violates Section 409A and you need to pay a penalty and interest, you report that on Schedule 2 of your IRS Form 1040 tax return"

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