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  • Review Your Deferred Compensation Plans to Avoid Penalty Taxation ( November 2004 )

    Tucked away in the voluminous American Jobs Creation Act of 2004, which was signed into law on October 22, 2004, is a provision changing the taxation of nonqualified deferred compensation. Nonqualified deferred compensation arrangements allow employees to defer the payment and income taxation of certain compensation. If the requirements of the new law are not satisfied, however, the deferred compensation is includable in the participant's taxable income before it is paid.
  • Section 457 Traps Unwary Non-Profits ( September 1999 )

    Although Internal Revenue Code Section 457 has applied to non-profit organizations for more than ten years, its eff.

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