Sec Deferred Compensation Agreement

The dept. found that, in previous submissions, it had found that, according to pensioner Source Law, lump sum payments to non-resident workers under an unskistered compensation plan maintained by their employer are not New York source income for New York State income tax purposes. [xxxiv] Like the taxable person`s unqualified plans, the unqualified plan referred to in those notices offered a benefit that went beyond the benefit due to the worker as a result of the application of different limits under the code of a qualified tax incentive plan, and provided for payment after the termination of the worker`s employment relationship. .

Comments are closed.