In: Finance
In order to achieve tax deferral in a nonqualified deferred compensation arrangement, which of the following is (are) true?
a. There must be a substantial risk of forfeiture.
b. The arrangement must be established in such a manner as to avoid constructive receipt.
c. The arrangement must be established in such a manner as to avoid a current economic benefit.
d. All of the above are correct.
b. The arrangement must be established in such a manner as to avoid constructive receipt.
The benefit will be on avaialabel subject to fulfilment of sec 409A conditions