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Does deferred compensation become non- taxable after death of employee?
Wiki User
∙ 14y ago
Many deferred compensation plans have a death benefit/life insurance element. Typically the death benefit insurance is paid for by the employer. In most situations the company does not take an expense for this and the employee does not take it into income, therefor the benefit is being paid for with dollars that have not been taxed. Thus making the death benefit taxable to the beneficiary.
Wiki User
∙ 14y ago
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# Why is it important to become knowledgeable about IT if you are not working as an IT employee?
1 Why is it important to become knowledgeable about IT if you are not working as an IT employee?
# Why is it important to become knowledgeable about IT if you are not working as an IT employee?
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