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Discuss the different types of deferred compensations

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Reference no: EM132414041

Question 1. Explain voluntary versus involuntary deferrals.

Question 2. Discuss the different types of deferred compensations.

Question 3. What are qualified plans and non qualified plans and explain the major differences between these two types?

Question 4. Discuss the concepts of forfeitable versus non forfeitable benefits and what the main differences here are between the two.

Question 5. Explain the different tax principles applied to deferred and current compensation plans?

Question 6. How does Section 409a of the Internal Revenue Service effect deferred compensation plans typically? Explain.

Question 7. Discuss the different deferral advantages that might be gained from leveraging this type of compensation incentive.

Question 8. Discuss the different deferral disadvantages that might evolve from using these types of plans.

Professional Development Question
Discuss each of the following major considerations that apply when determining if any compensation can be deferred in terms of how they are typically applied:
- Are deferrals appropriate?
- if they are appropriate, should they be voluntary or involuntary?
- Will 83(b) elections be prohibited?
- Is constructive receipt to be avoided?
- Is economic benefit to be avoided?
- Is compliance with Section 409a of the IRC required?

Reference no: EM132414041

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