Sec. 4. Disclosure of nonqualified deferred compensation on Form W–2
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/bill/116/s/3341/is/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 6 months after the date of the enactment of this Act and effective for taxable year 2020, the Secretary of the Treasury (or the Secretary's delegate) shall— revise the Form W–2 to require reporting of amounts deferred under a nonqualified deferred compensation plan in box 12; and amend the regulations under sections 6051(a)(13) and 6041(g) of the Internal Revenue Code of 1986 to make the reporting of such deferrals under such sections mandatory. For purposes of the preceding sentence, the term nonqualified deferred compensation plan has the meaning given such term in section 409A(b)(2) of the Internal Revenue Code of 1986.