RE: Non-Qualified Plan (NQDC).
You have one of these and quit your job. Your employer takes out the taxes and distributes it to you in a lump sum.
QUESTION:
Do you now have to add this in as income and essentially pay higher taxes because of increased income for the year?
This appears to be the case.
You have one of these and quit your job. Your employer takes out the taxes and distributes it to you in a lump sum.
QUESTION:
Do you now have to add this in as income and essentially pay higher taxes because of increased income for the year?
This appears to be the case.
