404(b)-1T, Q&A-2, unless the accrued
bonus is paid within 2 1/2 months of the close of the corporation's tax year in which it is accrued
, the bonus is not deductible until the employee reports the income.
The Eighth Circuit found that the original Clevite plan did not allow participants to earn eligibility for early retirement benefits through service with a successor employer; therefore, the amendment was not a cutback in accrued
In Albertson's, the interest accrued
on the deferred compensation was clearly unrelated to the additional performance of services and continued to be accrued
and payable even if the participant deferred the time of payout for an additional 15 years.
Like payments for accrued
current compensation, distributions made in the year of the employee's death will be subject to FICA and FUTA taxes if the distributions are either from a plan or arrangement that is not a "nonqualified deferred compensation plan" under Secs.
In performing the accounting, annual expense should be computed first; the accrued
liability reported in the balance sheet will then reflect the difference between the cumulative accrued
expense and the actual amounts that are paid or funded.
and unpaid dividends will be paid through the redemption date at the rate of $.
The IRS determined that, because EBNI was the primary obligor and G merely a guarantor, G was not entitled to a deduction relating to accrued
interest on the note.
We are carrying that momentum forward in the fourth quarter and look forward to making substantial additional progress in reducing the liabilities from trade payables, outstanding notes, accrued
wages and accrued
Leverage Leasing was entitled to receive accrued
rents in arrears; in turn, it was obligated to pay interest, also in arrears, on loans related to the properties for which rent was received.
35 million threshold referred to above (as of August 6, 1990), Iraq expects to make an offer to exchange the reconciled eligible amount of those claims (principal plus calculated interest accrued
through the date of exchange) for two new debt instruments: a syndicated loan or a privately-placed bond.
454 to include on the decedent's final return all interest accrued
on the bonds from their acquisition date to the decedent's date of death; or
Holders of the Series B Preferred Shares to be redeemed will receive accrued
and unpaid dividends through the redemption date.