Accounting, Payroll & Pension Issues/409a Deferred Comp

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Question
Hello,

Is there a good place for me to go to find out if State tax can be deferred until the withdrawal. We are in IL,IN, WI, OH, MO, VA and MD.

Any help is appreciated.

Barb

Answer
The only place that can give you that answer is the state tax office in each state listed. Each state sets is own rules on deferred compensation plans and state taxes. I researched and can find nowhere a list of all the states and their rules on this plan.

Shirley

Accounting, Payroll & Pension Issues

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Shirley McAllister, CPP, PHR

Expertise

I can answer payroll questions, payroll tax questions, 401K questions. No stock option questions please and I have some knowledge of other pensions but am most familiar with the 401K pension. I can answer U.S.and Canada payroll questions proficiently and have a good general knowledge of UK and South Africa and some knowledge of Australia and New Zealand Payroll procedures. Please do not ask me homework questions I do not have time to answer them.

Experience

25 years with an international company in the Human Resources, Payroll and Payroll Tax areas.

Organizations
SHRM, APA, I.O.M.A.

Publications
I.O.M.A. and BNA

Education/Credentials
P.H.R., C.P.P., Canadian Payroll Administrator, Successfully passed APA class on UK Payroll Administration. Boise State University Human Resource Certification

Awards and Honors
APA Hotline Citation of Merit for last 8 years.

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