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Treatment of certain nonqualified deferred compensation plans

(A) In general Any amount deferred under a nonqualified deferred compensation plan shall be taken into account for purposes of this chapter as of the later of— (i) when the services are performed, or (ii) when there is no substantial risk of forfeiture of the rights to such amount. The preceding sentence shall not apply to any excess parachute payment (as defined in section 280G(b)) or to any specified stock compensation (as defined in section 4985) on which tax is imposed by section 4985.

(B) Taxed only once Any amount taken into account as wages by reason of subparagraph (A) (and the income attributable thereto) shall not thereafter be treated as wages for purposes of this chapter.

(C) Nonqualified deferred compensation plan For purposes of this paragraph, the term “nonqualified deferred compensation plan” means any plan or other arrangement for deferral of compensation other than a plan described in subsection (a)(5).

in view

Whole section

▸rulespec code

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statutes/26/3121/v.yaml

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Rules

employer_contribution_included_in_wages_notwithstanding_subsection_a_exclusions

Derived

source: 26 USC 3121(v)(1)

- name: employer_contribution_included_in_wages_notwithstanding_subsection_a_exclusions
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3121(v)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Nothing in any paragraph of subsection (a) (other than paragraph (1)) shall exclude
              from the term “wages”
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: any employer contribution under a qualified cash or deferred arrangement
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: any amount treated as an employer contribution under section 414(h)(2)
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        (
          employer_contribution_under_qualified_cash_or_deferred_arrangement_as_defined_in_section_401_k
          and (
            contribution_not_included_in_gross_income_by_reason_of_section_402_e_3
            or contribution_consists_of_designated_roth_contributions_as_defined_in_section_402A_c
          )
        )
        or (
          amount_treated_as_employer_contribution_under_section_414_h_2
          and pickup_referred_to_in_section_414_h_2_is_pursuant_to_salary_reduction_agreement
        )

employer_contribution_amount_included_in_wages_notwithstanding_subsection_a_exclusions

Derived

source: 26 USC 3121(v)(1)

- name: employer_contribution_amount_included_in_wages_notwithstanding_subsection_a_exclusions
  kind: derived
  entity: Payment
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 3121(v)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              shall exclude from the term “wages”— (A) any employer contribution ... or (B) any
              amount treated as an employer contribution
        - path: versions[0].formula
          kind: import
          import:
            target: >-
              us:statutes/26/3121/v#employer_contribution_included_in_wages_notwithstanding_subsection_a_exclusions
            output: employer_contribution_included_in_wages_notwithstanding_subsection_a_exclusions
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        if employer_contribution_included_in_wages_notwithstanding_subsection_a_exclusions:
        employer_contribution_or_treated_employer_contribution_amount else: 0

nonqualified_deferred_compensation_plan

Derived

source: 26 USC 3121(v)(2)(C)

- name: nonqualified_deferred_compensation_plan
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3121(v)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              any plan or other arrangement for deferral of compensation other than a plan described
              in subsection (a)(5)
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        plan_or_other_arrangement_for_deferral_of_compensation
        and not plan_described_in_subsection_a_5

nonqualified_deferred_compensation_amount_taken_into_account_for_chapter

Derived

source: 26 USC 3121(v)(2)(A)

- name: nonqualified_deferred_compensation_amount_taken_into_account_for_chapter
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3121(v)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: Any amount deferred under a nonqualified deferred compensation plan
        - path: versions[0].formula
          kind: ordering
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              as of the later of— (i) when the services are performed, or (ii) when there is no
              substantial risk of forfeiture
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              shall not apply to any excess parachute payment ... or to any specified stock
              compensation
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3121/v#nonqualified_deferred_compensation_plan
            output: nonqualified_deferred_compensation_plan
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        amount_deferred_under_plan

        and nonqualified_deferred_compensation_plan

        and services_have_been_performed

        and no_substantial_risk_of_forfeiture_of_rights_to_amount

        and not excess_parachute_payment_as_defined_in_section_280G_b

        and not
        specified_stock_compensation_as_defined_in_section_4985_on_which_tax_is_imposed_by_section_4985

nonqualified_deferred_compensation_amount_taken_into_account_as_wages

Derived

source: 26 USC 3121(v)(2)(A)

- name: nonqualified_deferred_compensation_amount_taken_into_account_as_wages
  kind: derived
  entity: Payment
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 3121(v)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Any amount deferred under a nonqualified deferred compensation plan shall be taken
              into account for purposes of this chapter
        - path: versions[0].formula
          kind: import
          import:
            target: >-
              us:statutes/26/3121/v#nonqualified_deferred_compensation_amount_taken_into_account_for_chapter
            output: nonqualified_deferred_compensation_amount_taken_into_account_for_chapter
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        if nonqualified_deferred_compensation_amount_taken_into_account_for_chapter:
        deferred_compensation_amount else: 0

previously_taken_into_account_deferred_compensation_not_thereafter_treated_as_wages

Derived

source: 26 USC 3121(v)(2)(B)

- name: previously_taken_into_account_deferred_compensation_not_thereafter_treated_as_wages
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3121(v)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Any amount taken into account as wages by reason of subparagraph (A) (and the income
              attributable thereto) shall not thereafter be treated as wages
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        amount_taken_into_account_as_wages_by_reason_of_subparagraph_A
        or income_attributable_to_amount_taken_into_account_as_wages_by_reason_of_subparagraph_A

previously_taken_into_account_deferred_compensation_excluded_from_later_wages

Derived

source: 26 USC 3121(v)(2)(B)

- name: previously_taken_into_account_deferred_compensation_excluded_from_later_wages
  kind: derived
  entity: Payment
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 3121(v)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: shall not thereafter be treated as wages for purposes of this chapter
        - path: versions[0].formula
          kind: import
          import:
            target: >-
              us:statutes/26/3121/v#previously_taken_into_account_deferred_compensation_not_thereafter_treated_as_wages
            output: previously_taken_into_account_deferred_compensation_not_thereafter_treated_as_wages
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        if previously_taken_into_account_deferred_compensation_not_thereafter_treated_as_wages:
        previously_taken_into_account_amount_and_income_attributable_thereto else: 0

exempt_governmental_deferred_compensation_plan

Derived

source: 26 USC 3121(v)(3)

- name: exempt_governmental_deferred_compensation_plan
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3121(v)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              any plan providing for deferral of compensation established and maintained for its
              employees by the United States, by a State or political subdivision thereof, or by an
              agency or instrumentality
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Such term shall not include— (A) any plan to which section 83, 402(b), 403(c), 457(a),
              or 457(f)(1) applies
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: any annuity contract described in section 403(b), and (C) the Thrift Savings Fund
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        plan_provides_for_deferral_of_compensation

        and
        plan_established_and_maintained_for_employees_by_united_states_state_political_subdivision_agency_or_instrumentality

        and not plan_to_which_section_83_applies

        and not plan_to_which_section_402_b_applies

        and not plan_to_which_section_403_c_applies

        and not plan_to_which_section_457_a_applies

        and not plan_to_which_section_457_f_1_applies

        and not annuity_contract_described_in_section_403_b

        and not thrift_savings_fund_within_meaning_of_subchapter_III_of_chapter_84_of_title_5

▸citations (3)

References

This rule cites 3 other rules.

26 USC § 280G (b)inferredUS Federal › Statutes › Title 26 › § 280G › (b)
26 USC § 4985inferredUS Federal › Statutes › Title 26 › § 4985
26 USC § 4985inferredUS Federal › Statutes › Title 26 › § 4985

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us/statute/26/3121/v/2 — Treatment of certain nonqualified deferred compensation plans · Axiom

Treatment of certain nonqualified deferred compensation plans

Official source

(B) Taxed only once Any amount taken into account as wages by reason of subparagraph (A) (and the income attributable thereto) shall not thereafter be treated as wages for purposes of this chapter.

in view

Whole section

▸rulespec code

Shown source

statutes/26/3121/v.yaml

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This encoding covers the parent provision us/statute/26/3121/v; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

employer_contribution_included_in_wages_notwithstanding_subsection_a_exclusions

Derived

source: 26 USC 3121(v)(1)

- name: employer_contribution_included_in_wages_notwithstanding_subsection_a_exclusions
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3121(v)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Nothing in any paragraph of subsection (a) (other than paragraph (1)) shall exclude
              from the term “wages”
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: any employer contribution under a qualified cash or deferred arrangement
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: any amount treated as an employer contribution under section 414(h)(2)
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        (
          employer_contribution_under_qualified_cash_or_deferred_arrangement_as_defined_in_section_401_k
          and (
            contribution_not_included_in_gross_income_by_reason_of_section_402_e_3
            or contribution_consists_of_designated_roth_contributions_as_defined_in_section_402A_c
          )
        )
        or (
          amount_treated_as_employer_contribution_under_section_414_h_2
          and pickup_referred_to_in_section_414_h_2_is_pursuant_to_salary_reduction_agreement
        )

employer_contribution_amount_included_in_wages_notwithstanding_subsection_a_exclusions

Derived

source: 26 USC 3121(v)(1)

- name: employer_contribution_amount_included_in_wages_notwithstanding_subsection_a_exclusions
  kind: derived
  entity: Payment
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 3121(v)(1)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              shall exclude from the term “wages”— (A) any employer contribution ... or (B) any
              amount treated as an employer contribution
        - path: versions[0].formula
          kind: import
          import:
            target: >-
              us:statutes/26/3121/v#employer_contribution_included_in_wages_notwithstanding_subsection_a_exclusions
            output: employer_contribution_included_in_wages_notwithstanding_subsection_a_exclusions
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        if employer_contribution_included_in_wages_notwithstanding_subsection_a_exclusions:
        employer_contribution_or_treated_employer_contribution_amount else: 0

nonqualified_deferred_compensation_plan

Derived

source: 26 USC 3121(v)(2)(C)

- name: nonqualified_deferred_compensation_plan
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3121(v)(2)(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              any plan or other arrangement for deferral of compensation other than a plan described
              in subsection (a)(5)
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        plan_or_other_arrangement_for_deferral_of_compensation
        and not plan_described_in_subsection_a_5

nonqualified_deferred_compensation_amount_taken_into_account_for_chapter

Derived

source: 26 USC 3121(v)(2)(A)

- name: nonqualified_deferred_compensation_amount_taken_into_account_for_chapter
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3121(v)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: condition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: Any amount deferred under a nonqualified deferred compensation plan
        - path: versions[0].formula
          kind: ordering
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              as of the later of— (i) when the services are performed, or (ii) when there is no
              substantial risk of forfeiture
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              shall not apply to any excess parachute payment ... or to any specified stock
              compensation
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3121/v#nonqualified_deferred_compensation_plan
            output: nonqualified_deferred_compensation_plan
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        amount_deferred_under_plan

        and nonqualified_deferred_compensation_plan

        and services_have_been_performed

        and no_substantial_risk_of_forfeiture_of_rights_to_amount

        and not excess_parachute_payment_as_defined_in_section_280G_b

        and not
        specified_stock_compensation_as_defined_in_section_4985_on_which_tax_is_imposed_by_section_4985

nonqualified_deferred_compensation_amount_taken_into_account_as_wages

Derived

source: 26 USC 3121(v)(2)(A)

- name: nonqualified_deferred_compensation_amount_taken_into_account_as_wages
  kind: derived
  entity: Payment
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 3121(v)(2)(A)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Any amount deferred under a nonqualified deferred compensation plan shall be taken
              into account for purposes of this chapter
        - path: versions[0].formula
          kind: import
          import:
            target: >-
              us:statutes/26/3121/v#nonqualified_deferred_compensation_amount_taken_into_account_for_chapter
            output: nonqualified_deferred_compensation_amount_taken_into_account_for_chapter
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        if nonqualified_deferred_compensation_amount_taken_into_account_for_chapter:
        deferred_compensation_amount else: 0

previously_taken_into_account_deferred_compensation_not_thereafter_treated_as_wages

Derived

source: 26 USC 3121(v)(2)(B)

- name: previously_taken_into_account_deferred_compensation_not_thereafter_treated_as_wages
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3121(v)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Any amount taken into account as wages by reason of subparagraph (A) (and the income
              attributable thereto) shall not thereafter be treated as wages
  versions:
    - effective_from: '1990-01-01'
      formula: |-
        amount_taken_into_account_as_wages_by_reason_of_subparagraph_A
        or income_attributable_to_amount_taken_into_account_as_wages_by_reason_of_subparagraph_A

previously_taken_into_account_deferred_compensation_excluded_from_later_wages

Derived

source: 26 USC 3121(v)(2)(B)

- name: previously_taken_into_account_deferred_compensation_excluded_from_later_wages
  kind: derived
  entity: Payment
  dtype: Money
  period: Year
  unit: USD
  source: 26 USC 3121(v)(2)(B)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: shall not thereafter be treated as wages for purposes of this chapter
        - path: versions[0].formula
          kind: import
          import:
            target: >-
              us:statutes/26/3121/v#previously_taken_into_account_deferred_compensation_not_thereafter_treated_as_wages
            output: previously_taken_into_account_deferred_compensation_not_thereafter_treated_as_wages
            hash: sha256:local
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        if previously_taken_into_account_deferred_compensation_not_thereafter_treated_as_wages:
        previously_taken_into_account_amount_and_income_attributable_thereto else: 0

exempt_governmental_deferred_compensation_plan

Derived

source: 26 USC 3121(v)(3)

- name: exempt_governmental_deferred_compensation_plan
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 26 USC 3121(v)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              any plan providing for deferral of compensation established and maintained for its
              employees by the United States, by a State or political subdivision thereof, or by an
              agency or instrumentality
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: >-
              Such term shall not include— (A) any plan to which section 83, 402(b), 403(c), 457(a),
              or 457(f)(1) applies
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3121
            excerpt: any annuity contract described in section 403(b), and (C) the Thrift Savings Fund
  versions:
    - effective_from: '1990-01-01'
      formula: >-
        plan_provides_for_deferral_of_compensation

        and
        plan_established_and_maintained_for_employees_by_united_states_state_political_subdivision_agency_or_instrumentality

        and not plan_to_which_section_83_applies

        and not plan_to_which_section_402_b_applies

        and not plan_to_which_section_403_c_applies

        and not plan_to_which_section_457_a_applies

        and not plan_to_which_section_457_f_1_applies

        and not annuity_contract_described_in_section_403_b

        and not thrift_savings_fund_within_meaning_of_subchapter_III_of_chapter_84_of_title_5

▸citations (3)

References

This rule cites 3 other rules.

26 USC § 280G (b)inferredUS Federal › Statutes › Title 26 › § 280G › (b)
26 USC § 4985inferredUS Federal › Statutes › Title 26 › § 4985
26 USC § 4985inferredUS Federal › Statutes › Title 26 › § 4985