FICA Taxation of Deferred Compensation
Journal of Pension Benefits, Vol. 4, No. 1, p. 3, Autumn 1996
11 Pages Posted: 26 Sep 2009
Date Written: 1996
The Social Security Amendments of 1983 enacted a special timing rule regarding the FICA taxation of nonqualified deferred compensation, but it was only recently that the IRS issued proposed regulations explaining how the rule should be applied. With the Service intending to finalize these regulations before this year is out, a full understanding of their function and effects is critical.
Keywords: FICA, deferred compensation, Social Security Amendments of 1983
Suggested Citation: Suggested Citation