- Membership
- Certification
- Events
- Community
- About
- Help
Reporting deferred compensation payments on a 1099
August 17, 2023
Q. We have a handful of non qualified Deferred Compensation payments going to suppliers and I need confirmation of how to accurately report these on a 1099. Last year I reported them on the 1099-MISC Box 15 but received a lot of push back as to why this was incorrect. The feedback received was related to non-qualified (funded by taxed dollars) or qualified (funded by pre-taxed dollars). They stated it should be reported on the 1099-MISC box 03 because they are all nonqualified. These are the…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
