Wages, Deferred Compensation

Deferred Comp: The Iceberg Of Modern Income

Fox Rothschild LLP on 9/13/2023

When this writer began his career in 1980, wages were pretty much the only form of employment compensation and life was easy. For regular wage earners, there was a bonus at years’ end. For executives, employers liked to see...more

Nonqualified Deferred Compensation and the Special Timing Rule HR Professionals Should Be Aware of for FICA Tax Purposes

Verrill on 12/15/2021

Twenty years ago this month the Enron Corporation imploded in spectacular fashion and declared bankruptcy. In the weeks leading up to its bankruptcy filing, over 100 highly compensated employees raced to receive early...more

Retirement Plans Can Solve The Million-Dollar Problem For Entities At Risk Of Excise Taxes On Compensation

Carlton Fields on 6/27/2018

All entities, including governmental entities, are now potentially liable for penalties due to overpaying employees....more

The Lessons (and Wisdom) of Rihanna

Foley & Lardner LLP on 10/13/2015

Everyone these days seems to think they are entitled to more money, from the United States Department of Labor (DOL) claiming that there really are no independent contractors to the thousands of United Automobile Workers...more

New Tax Increases Make Deferral of Compensation a (More) Valuable Benefit for Many Employees

Pillsbury Winthrop Shaw Pittman LLP on 6/12/2013

This article describes how the new additional Medicare tax, tax on net investment income, higher marginal tax rates, and phase-out and reductions of personal exemptions and itemized deductions make the use of compensation...more

IRS Issues Q&As on the Additional Medicare Tax under the Affordable Care Act

Mintz - Employment, Labor & Benefits... on 9/4/2012

Social Security and Medicare are funded in large part through payroll taxes imposed by the Federal Insurance Contributions Act or “FICA.” FICA imposes a tax of 15.3% on “wages,” which is paid by the employer and by employees,...more