Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Should deferred director fees in 2020 be reported on Form 1099-NEC in 2020? Assume the actual payout of these 2020 deferred director fees will occur in 2030.

kennedyfamilync
Level 1
 
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Comment 1
itonewbie
Level 15

When the actual payout will occur is not what you should be concerned about.  Whether the deferral satisfies the requirements of §409A is what drives the reporting.  Failing to make a payment when the deferral is no longer subject to a substantial risk of forfeiture is one such example.

---------------------------------------------------------------------------------
Still an AllStar