Section 409A

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  • DavidS
    Junior Member
    • Mar 2022
    • 3
    #1

    Section 409A

    Client received 1099_Misc with value in box 14, nonqualified deferred compensation. My software wants me to enter a penalty but after reading the code section, I don't know how to proceed. Anybody?
    Tags: 1099-misc, 409a, deferred compensation
    • ATSMAN
      Senior Member
      • Jul 2013
      • 2415
      #2
      I though Box 14 was for Attorney Payments that is reported on Sch C.

      I have several clients that receive deferred compensation and it is reported on W2.
      Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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        • DavidS
          Junior Member
          • Mar 2022
          • 3
          #3
          Attorney payments are Box 10 now. And this is nonqualified deferred.

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