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Compliance May 5, 2016
IRS to Discuss Sick and Vacation Pay Deferred to 403(b)s
A webcast in June will address issues related to accumulated sick and vacation pay deferred to 403(b)s and 457(b)s.
Reported by PLANSPONSOR staff
The Internal Revenue Service (IRS) is hosting a webcast about accumulated sick and vacation pay deferred to 403(b) or 457(b) plans.
The webcast will answer:
- When is accumulated sick and vacation leave pay subject to Federal employment taxes?
- When can taxes be deferred and for how long?
- What is an elective contribution?
The event is June 2 at 2:00 p.m. Eastern time.
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