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2012 Tax Amendment

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2012 Tax Amendment

2012 tax amendment 3. 2012 tax amendment   Abandonments Table of Contents You abandon property when you voluntarily and permanently give up possession and use of the property with the intention of ending your ownership but without passing it on to anyone else. 2012 tax amendment Whether an abandonment has occurred is determined in light of all the facts and circumstances. 2012 tax amendment You must both show an intention to abandon the property and affirmatively act to abandon the property. 2012 tax amendment A voluntary conveyance of the property in lieu of foreclosure is not an abandonment and is treated as the exchange of property to satisfy a debt. 2012 tax amendment For more information, see Sales and Exchanges in Publication 544. 2012 tax amendment The tax consequences of abandonment of property that secures a debt depend on whether you were personally liable for the debt (recourse debt) or were not personally liable for the debt (nonrecourse debt). 2012 tax amendment See Publication 544 if you abandoned property that did not secure debt. 2012 tax amendment This publication only discusses the tax consequences of abandoning property that secured a debt. 2012 tax amendment Abandonment of property securing recourse debt. 2012 tax amendment    In most cases, if you abandon property that secures debt for which you are personally liable (recourse debt), you do not have gain or loss until the later foreclosure is completed. 2012 tax amendment For details on figuring gain or loss on the foreclosure, see chapter 2. 2012 tax amendment Example 1—abandonment of personal-use property securing recourse debt. 2012 tax amendment In 2009, Anne purchased a home for $200,000. 2012 tax amendment She borrowed the entire purchase price, for which she was personally liable, and gave the bank a mortgage on the home. 2012 tax amendment In 2013, Anne lost her job and was unable to continue making her mortgage loan payments. 2012 tax amendment Because her mortgage loan balance was $185,000 and the FMV of her home was only $150,000, Anne decided to abandon her home by permanently moving out on August 1, 2013. 2012 tax amendment Because Anne was personally liable for the debt and the bank did not complete a foreclosure of the property in 2013, Anne has neither gain nor loss in tax year 2013 from abandoning the home. 2012 tax amendment If the bank sells the house at a foreclosure sale in 2014, Anne will have to figure her gain or nondeductible loss for tax year 2014 as discussed earlier in chapter 2. 2012 tax amendment Example 2—abandonment of business or investment property securing recourse debt. 2012 tax amendment In 2009, Sue purchased business property for $200,000. 2012 tax amendment She borrowed the entire purchase price, for which she was personally liable, and gave the lender a security interest in the property. 2012 tax amendment In 2013, Sue was unable to continue making her loan payments. 2012 tax amendment Because her loan balance was $185,000 and the FMV of the property was only $150,000, Sue abandoned the property on August 1, 2013. 2012 tax amendment Because Sue was personally liable for the debt and the lender did not complete a foreclosure of the property in 2013, Sue has neither gain nor loss in tax year 2013 from abandoning the property. 2012 tax amendment If the lender sells the property at a foreclosure sale in 2014, Sue will have to figure her gain or deductible loss for tax year 2014 as discussed earlier in chapter 2. 2012 tax amendment Abandonment of property securing nonrecourse debt. 2012 tax amendment    If you abandon property that secures debt for which you are not personally liable (nonrecourse debt), the abandonment is treated as a sale or exchange. 2012 tax amendment   The amount you realize on the abandonment of property that secured nonrecourse debt is the amount of the nonrecourse debt. 2012 tax amendment If the amount you realize is more than your adjusted basis, then you have a gain. 2012 tax amendment If your adjusted basis is more than the amount you realize, then you have a loss. 2012 tax amendment For more information on how to figure gain and loss, see Gain or Loss from Sales or Exchanges in Publication 544. 2012 tax amendment   Loss from abandonment of business or investment property is deductible as a loss. 2012 tax amendment The character of the loss depends on the character of the property. 2012 tax amendment The amount of deductible capital loss may be limited. 2012 tax amendment For more information, see Treatment of Capital Losses in Publication 544. 2012 tax amendment You cannot deduct any loss from abandonment of your home or other property held for personal use. 2012 tax amendment Example 1—abandonment of personal-use property securing nonrecourse debt. 2012 tax amendment In 2009, Timothy purchased a home for $200,000. 2012 tax amendment He borrowed the entire purchase price, for which he was not personally liable, and gave the bank a mortgage on the home. 2012 tax amendment In 2013, Timothy lost his job and was unable to continue making his mortgage loan payments. 2012 tax amendment Because his mortgage loan balance was $185,000 and the FMV of his home was only $150,000, Timothy decided to abandon his home by permanently moving out on August 1, 2013. 2012 tax amendment Because Timothy was not personally liable for the debt, the abandonment is treated as a sale or exchange of the home in tax year 2013. 2012 tax amendment Timothy's amount realized is $185,000 and his adjusted basis in the home is $200,000. 2012 tax amendment Timothy has a $15,000 nondeductible loss in tax year 2013. 2012 tax amendment (Had Timothy’s adjusted basis been less than the amount realized, Timothy would have had a gain that he would have to include in gross income. 2012 tax amendment ) The bank sells the house at a foreclosure sale in 2014. 2012 tax amendment Timothy has neither gain nor loss from the foreclosure sale. 2012 tax amendment Because he was not personally liable for the debt, he also has no cancellation of debt income. 2012 tax amendment Example 2—abandonment of business or investment property securing nonrecourse debt. 2012 tax amendment In 2009, Robert purchased business property for $200,000. 2012 tax amendment He borrowed the entire purchase price, for which he was not personally liable, and gave the lender a security interest in the property. 2012 tax amendment In 2013, Robert was unable to continue making his loan payments. 2012 tax amendment Because his loan balance was $185,000 and the FMV of the property was only $150,000, Robert decided to abandon the property on August 1, 2013. 2012 tax amendment Because Robert was not personally liable for the debt, the abandonment is treated as a sale or exchange of the property in tax year 2013. 2012 tax amendment Robert's amount realized is $185,000 and his adjusted basis in the property is $180,000 (as a result of $20,000 of depreciation deductions on the property). 2012 tax amendment Robert has a $5,000 gain in tax year 2013. 2012 tax amendment (Had Robert’s adjusted basis been greater than the amount realized, he would have had a deductible loss. 2012 tax amendment ) The lender sells the property at a foreclosure sale in 2014. 2012 tax amendment Robert has neither gain nor loss from the foreclosure sale. 2012 tax amendment Because he was not personally liable for the debt, he also has no cancellation of debt income. 2012 tax amendment Canceled debt. 2012 tax amendment    If the abandoned property secures a debt for which you are personally liable and the debt is canceled, you will realize ordinary income equal to the canceled debt. 2012 tax amendment This income is separate from any amount realized from abandonment of the property. 2012 tax amendment You must report this income on your return unless one of the exceptions or exclusions described in chapter 1 applies. 2012 tax amendment See chapter 1 for more details. 2012 tax amendment Forms 1099-A and 1099-C. 2012 tax amendment    In most cases, if you abandon real property (such as a home), intangible property, or tangible personal property held (wholly or partly) for use in a trade or business or for investment, that secures a loan and the lender knows the property has been abandoned, the lender should send you Form 1099-A showing information you need to figure your gain or loss from the abandonment. 2012 tax amendment Also, if your debt is canceled and the lender must file Form 1099-C, the lender can include the information about the abandonment on that form instead of on Form 1099-A. 2012 tax amendment The lender must file Form 1099-C and send you a copy if the amount of debt canceled is $600 or more and the lender is a financial institution, credit union, federal government agency, or any organization that has a significant trade or business of lending money. 2012 tax amendment For abandonments of property and debt cancellations occurring in 2013, these forms should be sent to you by 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The 2012 Tax Amendment

2012 tax amendment Publication 957 - Main Content Table of Contents 1. 2012 tax amendment What is Back Pay?Reporting Back Pay Back Pay Under a Statute Nonstatutory Back Pay Format for Report to the SSA Questions 2. 2012 tax amendment Special Wage PaymentsReporting Special Wage Payments Reporting Nonstatutory (Nonqualified) Stock Options as Special Wage Payments Nonqualified Deferred Compensation and Section 457 Plans Additional Reporting Examples for Nonqualified Deferred Compensation (NQDC) PlansSpecial rule for box 11 of Form W-2 (distributions and deferral in the same year). 2012 tax amendment 1. 2012 tax amendment What is Back Pay? Back pay is pay received in a tax year(s) for actual or deemed employment in an earlier tax year(s). 2012 tax amendment For social security coverage and benefit purposes, all back pay, whether or not under a statute, is wages if it is payment for covered employment. 2012 tax amendment Damages for personal injury, interest, penalties, and legal fees included with back pay awards are not wages. 2012 tax amendment Report all back pay. 2012 tax amendment However, the tax year(s) for which back pay is credited as wages for social security purposes is different if it is awarded under a statute. 2012 tax amendment See Back Pay Under a Statute , later, for more information. 2012 tax amendment Reporting Back Pay The Internal Revenue Service (IRS) and the SSA consider back pay awards to be wages. 2012 tax amendment However, for income tax purposes, the IRS treats all back pay as wages in the year paid. 2012 tax amendment Employers should use Form W-2, Wage and Tax Statement, or electronic wage reports to report back pay as wages in the year they actually pay the employee. 2012 tax amendment The SSA no longer accepts reports on tapes, cartridges, and diskettes. 2012 tax amendment Example. 2012 tax amendment In 2012, Terry Morris earned wages of $50,000. 2012 tax amendment In the same year, she received $100,000 in settlement of a back pay case against her employer that covered the periods January 2007 through December 2011. 2012 tax amendment Her employer properly reflected social security wages of $110,100 and Medicare wages of $150,000 on her 2012 Form W-2. 2012 tax amendment However, if an employer did not include back pay wages on a previously filed Form W-2, magnetic media, or electronically filed wage report, the employer should prepare a wage correction report, Form W-2c, Corrected Wage and Tax Statement, or electronically filed report, to add the back pay award to the wages previously reported. 2012 tax amendment Example. 2012 tax amendment If, in the above example, Terry Morris' employer had prepared her 2012 Form W-2 reporting social security and Medicare wages of only $50,000 each, the employer would have to correct that report. 2012 tax amendment A Form W-2c correcting the 2012 Form W-2 would show previously reported social security and Medicare wages of $50,000 and the correct amount of $110,100 for social security wages and $150,000 for Medicare wages. 2012 tax amendment SSA treatment of back pay under a statute. 2012 tax amendment   Under the law, the SSA credits back pay awarded under a statute to an individual's earnings record in the period(s) the wages should have been paid. 2012 tax amendment This is important because wages not credited to the proper year may result in lower social security benefits or failure to meet the requirements for benefits. 2012 tax amendment   However, back pay under statute payments will remain posted to the employee's social security earnings record in the year reported on Form W-2 (or Form W-2c) unless the employer or employee notifies the SSA (in a separate, special report) of the back pay under a statute payment. 2012 tax amendment Then, the SSA can allocate the statutory back pay to the appropriate periods. 2012 tax amendment   If a back pay award is not made under a statute, the SSA credits back pay as wages in the year paid. 2012 tax amendment    If employers do notify the SSA of this payment, they should prepare a special report (with the information noted below) and send it to: Social Security Administration Attn: CPS Back Pay Staff 7-B-15 SWT 1500 Woodlawn Drive Baltimore, MD 21241-0001 Be sure to send this special report to the above address because the SSA handles it separately from other reports. 2012 tax amendment    If you paid the back pay award in the same tax year to which it applies, report the wages on that year's Form W-2. 2012 tax amendment No further action is necessary. 2012 tax amendment Example. 2012 tax amendment In 2012, Judy Wilson received a salary of $30,000 and a back pay under statute award of $2,000 for the period January through June 2012. 2012 tax amendment Her employer properly reported wages of $32,000 for social security and Medicare on her 2012 Form W-2. 2012 tax amendment No further action is necessary. 2012 tax amendment Information the SSA needs to properly credit back pay under a statute (special report). 2012 tax amendment   After you complete the special report, you or the employee should send it to the SSA when or after you submit the Form W-2 (on paper or electronically) to the SSA for the year you pay the statutory back pay to the employee. 2012 tax amendment There is no statute of limitations on the filing of the special report to enable the SSA to allocate the wages. 2012 tax amendment The special report must include the following information. 2012 tax amendment The employer's name, address, and employer identification number (EIN). 2012 tax amendment A signed statement citing the federal or state statute under which the payment was made. 2012 tax amendment If the statute is not identified, the SSA will assume the payment was not under a statute and will not allocate to earlier period(s). 2012 tax amendment The name and telephone number of a person to contact. 2012 tax amendment The SSA may have additional questions concerning the back pay case or the individual employee's information. 2012 tax amendment A list of employees receiving the payment and the following information for each employee: The tax year you paid and reported the back pay. 2012 tax amendment The employee's social security number (SSN). 2012 tax amendment The employee's name (as shown on his or her social security card). 2012 tax amendment The amount of the back pay award excluding any amounts specifically designated otherwise, for example, damages for personal injury, interest, penalties, and legal fees. 2012 tax amendment The period(s) the back pay award covers (beginning and ending dates—month and year). 2012 tax amendment The other wages paid subject to social security and/or Medicare taxes and reported in the same year as the back pay award (if none, show zero)*. 2012 tax amendment Do not include the back pay award shown in that wage report. 2012 tax amendment If you originally submitted the report under an establishment number, show that number and the amount of money that is to remain under that establishment number. 2012 tax amendment The amount to allocate to each reporting period*. 2012 tax amendment This includes any amount you want allocated (if applicable) to the tax year of the award payment. 2012 tax amendment If you do not give the SSA specific amounts to allocate, the SSA does the allocation by dividing the back pay award by the number of months or years covered by the award. 2012 tax amendment *Note. 2012 tax amendment   For periods before January 1, 1978 (before January 1, 1981, for state and local government employers covered by a Section 218 agreement), show the wage amounts for each calendar quarter ending March 31, June 30, September 30, and December 31. 2012 tax amendment For all tax years, show and identify the social security and/or Medicare Qualified Government Employment (MQGE) wages (where applicable) separately. 2012 tax amendment MQGE is applicable to federal employees beginning in 1983, and for certain state and local government employees beginning in 1986. 2012 tax amendment For tax years 1991 and later, list the social security and Medicare wages separately. 2012 tax amendment If you originally reported the individual's wages under an establishment or payroll record unit number, show the amount of wages to remain in the award year for that number and furnish that number to the SSA along with the EIN. 2012 tax amendment Back Pay Under a Statute Back pay awarded under a statute is a payment by an employer following an award, determination, or agreement approved or sanctioned by a court or government agency responsible for enforcing a federal or state statute that protects an employee's right to employment or wages. 2012 tax amendment Examples of pertinent statutes include: Age Discrimination in Employment Act, Americans with Disabilities Act, Equal Pay Act, Fair Labor Standards Act, National Labor Relations Act, State minimum wage laws, and State statutes that protect rights to employment and wages. 2012 tax amendment Payments based on laws that have a similar effect to those listed above also may qualify as payments made under a statute. 2012 tax amendment Back pay awards, under some of the statutes listed above, may be compensation for personal injury and not pay for employment. 2012 tax amendment Such awards are not wages for social security coverage purposes. 2012 tax amendment If a court-approved or sanctioned settlement agreement states that the agreement is not an admission of discrimination, liability, or act of wrongdoing, the statement does not change the nature of a back pay award. 2012 tax amendment The payments made in such a settlement may still be back pay and wages under the rules discussed here. 2012 tax amendment Nonstatutory Back Pay A payment for back wages negotiated between an employer and employee without an award, determination, or agreement approved or sanctioned by a court or government agency, the payment is not made under a statute. 2012 tax amendment Delayed wage payments and retroactive pay increases resulting from union negotiation or payments under local ordinances or regulations are back pay and are wages. 2012 tax amendment However, they are not payments made under a statute. 2012 tax amendment If you are uncertain whether the back pay award was under a qualified statute, you may need to contact your personnel department or legal counsel or the attorney who filed the suit. 2012 tax amendment Format for Report to the SSA Use the format shown in Table 1, later, to send the SSA the information needed to properly credit back pay under a statute. 2012 tax amendment In a cover letter, include: Name and address of the employer, Statute under which you paid the back pay, Name and telephone number of the employer contact, and Signature of the reporting official. 2012 tax amendment Under certain circumstances, back pay may be a special wage payment and excluded from wages counted under the social security earnings test. 2012 tax amendment If you pay back pay to an employee age 61 or older, report it to the SSA in accordance with this section. 2012 tax amendment Read Special Wage Payments, later, for additional reporting instructions. 2012 tax amendment Questions If you have questions concerning back pay under a statute, call the SSA at 1-800-772-6270. 2012 tax amendment Exception. 2012 tax amendment   If you are a state or local government employer who was covered by an agreement under Section 218 of the Social Security Act before January 1, 1987, and you paid a back pay award before January 1, 1987, which you did not report to the SSA, contact your state Social Security Administrator's office. 2012 tax amendment Table 1. 2012 tax amendment Format for Report (Under Covering Letter) to Request SSA to Allocate Back Pay Under Statute Wages Employer's EIN: xx-xxxxxxx Tax Year in Which Award Payment Was Paid: 2012 (1) SSN and Employee Name (2)1 Award Amount and Period(s) (3)2,3 Other Soc. 2012 tax amendment Sec. 2012 tax amendment /Med. 2012 tax amendment Wages Paid In Award Year (4)3 Allocation     Soc. 2012 tax amendment Sec. 2012 tax amendment Med. 2012 tax amendment /MQGE Year Soc. 2012 tax amendment Sec. 2012 tax amendment Med. 2012 tax amendment /MQGE xxx-xx-xxxx HELEN T. 2012 tax amendment SMITH $100,000 1/2009 - 12/2012 $40,000 $40,000 2009 2010 2011 2012 $20,000 25,000 27,000 28,000 $20,000 25,000 27,000 28,000 xxx-xx-xxxx SAM W. 2012 tax amendment EVANS 30,000 7/89-12/91 -0- -0- 1989 1990 1991   6,000 12,000 12,000 xxx-xx-xxxx ROLAND S. 2012 tax amendment ADAMS 15,000 7/80-12/81 -0- -0- 9/80 12/80 1981 3,500 3,500 8,000   1Exclude amounts specifically designated as damages, penalties, etc. 2012 tax amendment  2Exclude the amount of back pay, if any, included in that amount. 2012 tax amendment  3For periods before January 1, 1978 (and for state and local government (Section 218) employers before January 1, 1981), show the wage amounts by calendar quarters. 2012 tax amendment The social security and/or Medicare Qualified Government Employment (MQGE) wages (where applicable) must be shown separately FOR ALL YEARS. 2012 tax amendment (Wages subject ONLY to MQGE would be shown in the Medicare/MQGE column; no wages would be shown in the Soc. 2012 tax amendment Sec. 2012 tax amendment column. 2012 tax amendment ) For tax years 1991 and later, the social security and Medicare wages must be listed separately. 2012 tax amendment Explanation of examples. 2012 tax amendment Helen T. 2012 tax amendment Smith–The back pay award, excluding interest, was $100,000 for the periods 1/2009-12/2012. 2012 tax amendment In 2012, this employee was also paid $40,000 in other wages. 2012 tax amendment (Her Form W-2 for 2012 reported $110,100 for social security and $140,000 for Medicare. 2012 tax amendment The SSA allocation will result in adjusted posted wages of $68,000 for social security and $68,000 for Medicare for 2012. 2012 tax amendment ) Sam W. 2012 tax amendment Evans–The back pay award was $30,000 for the periods 7/89-12/91. 2012 tax amendment This employee was hired in 1989 and was subject to MQGE only. 2012 tax amendment He was no longer employed by this governmental employer in 2012. 2012 tax amendment (His Form W-2 for 2012 reported $30,000 for social security and $30,000 for Medicare. 2012 tax amendment After the SSA allocation, he will not have any net posted wages for 2012. 2012 tax amendment ) Roland S. 2012 tax amendment Adams–The back pay award was $15,000 for the periods 7/80-12/81. 2012 tax amendment He was no longer employed by this state and local government (Section 218) employer in 2012. 2012 tax amendment (His Form W-2 for 2012 reported $15,000 for social security and $15,000 for Medicare; after the SSA allocation, he will not have any net posted wages for 2012. 2012 tax amendment ) If the state Social Security Administrator's office needs more information, they can contact the SSA at the following address:   Social Security Administration Office of Income Security Programs Office of Earnings and Program Integrity Policy 6401 Security Boulevard 2506 OPS Baltimore, MD 21235 2. 2012 tax amendment Special Wage Payments A special wage payment (SWP) is an amount paid by an employer to an employee (or former employee) for services performed in a prior year. 2012 tax amendment Employers should report to the SSA special wage payments made to employees and former employees who are recipients of social security retirement benefits. 2012 tax amendment Special wage payments made to a retired employee receiving social security or to an employee who continues to work while receiving social security benefits may reduce the benefits the individual receives if not reported to the SSA. 2012 tax amendment Special wage payments may include (but are not limited to): Accumulated sick and vacation pay, Back pay, Bonuses, Deferred compensation, Payments because of retirement, Sales commissions, Severance pay, and Stock options. 2012 tax amendment Note. 2012 tax amendment Payments made after retirement that are part of the normal payroll cycle should not be routinely reported as special wage payments. 2012 tax amendment Earnings Test. 2012 tax amendment   Benefits paid to a social security beneficiary under full retirement age may be reduced if the beneficiary continues to work. 2012 tax amendment The SSA uses the information in boxes 1, 3, and 5 of Form W-2 to determine the beneficiary's current year earnings. 2012 tax amendment Special wage payments, which are for services performed in a prior year, will increase the current year earnings on Form W-2, which also may result in a reduction in the beneficiary's benefits. 2012 tax amendment If a benefit is reduced because of a special wage payment, the beneficiary must get documentation from the employer before the SSA can restore the deducted portion. 2012 tax amendment Therefore, employer reports of special wage payments help prevent incorrect benefit reductions. 2012 tax amendment Reporting Special Wage Payments Employers must report special wage payments for income tax purposes and social security and Medicare taxes in the year received. 2012 tax amendment Report income, social security, and/or Medicare taxes for special wage payments on Form W-2. 2012 tax amendment See Nonqualified Deferred Compensation and Section 457 Plans, later, for reporting nonqualified deferred compensation plan deferrals and payments on Form W-2. 2012 tax amendment In addition, report to the SSA special wage payments made during the reporting year to retired employees and employees who continue to work while receiving social security benefits. 2012 tax amendment Submit reports after the close of the tax year. 2012 tax amendment To avoid delays in processing, submit reports in time to reach the SSA by April 1. 2012 tax amendment Use one of the following reporting methods. 2012 tax amendment Electronic reporting. 2012 tax amendment   Special wage payment files can be sent electronically by logging onto Business Services Online (BSO) via the socialsecurity. 2012 tax amendment gov website. 2012 tax amendment BSO enables organizations and authorized individuals to conduct business with and submit confidential information to the Social Security Administration. 2012 tax amendment You must register to use this website. 2012 tax amendment The web address is www. 2012 tax amendment socialsecurity. 2012 tax amendment gov/bso/bsowelcome. 2012 tax amendment htm. 2012 tax amendment   Use the specifications and record layout shown in  Table 2, later. 2012 tax amendment Only one file at a time may be submitted. 2012 tax amendment If your file is large (>10MB), or you have a slow internet connection, the transmission will be faster if the file is zipped. 2012 tax amendment A zipped file contains a file that has been compressed to reduce its file size. 2012 tax amendment WinZip and PKZIP are examples of acceptable compression packages. 2012 tax amendment   Electronic submissions not meeting the specifications in Table 2 will be rejected. 2012 tax amendment Paper listing. 2012 tax amendment   A paper listing can be used to report special wage payments to several employees. 2012 tax amendment Use the format shown in Table 3, later. 2012 tax amendment Submit paper listings to the local SSA office nearest your place of business. 2012 tax amendment Visit www. 2012 tax amendment socialsecurity. 2012 tax amendment gov/locator to find a Social Security office near you. 2012 tax amendment Form SSA-131. 2012 tax amendment   Use Form SSA-131 to report special wage payments made to an employee. 2012 tax amendment Also use this form to report nonqualified deferred compensation and section 457 plan deferrals and payments that could not be reported in box 11 of Form W-2. 2012 tax amendment    This image is too large to be displayed in the current screen. 2012 tax amendment Please click the link to view the image. 2012 tax amendment Publication 957 Reporting Back Pay to the Social Security Administration Instructions for Form SSA–131   EMPLOYER INSTRUCTIONS FOR COMPLETING SPECIAL WAGE PAYMENT FORM 1. 2012 tax amendment Provide the EIN that was used or will be used to report the employee's wages on the Form W-2. 2012 tax amendment 2. 2012 tax amendment Enter the date the employee retired. 2012 tax amendment Enter “Not Retired” if the employee has not retired. 2012 tax amendment 3. 2012 tax amendment Enter the date that the employee last performed services; was not expected to return to work; and was not subject to recall to render additional services. 2012 tax amendment This date should be the same as or earlier than the date in item “2”. 2012 tax amendment Enter “Not Retired” if the employee has not retired. 2012 tax amendment 4. 2012 tax amendment Enter the wages that were paid to the employee in the tax year that were for services that were performed in years prior to the tax year or that were paid on account of retirement. 2012 tax amendment  Examples (not all inclusive) of payments to be included: Payments in lieu of vacation that were earned in a year prior to the tax year. 2012 tax amendment Accumulated sick payments which were paid in a lump sum based on “retirement” as the sole condition of payment. 2012 tax amendment Accumulated sick payments paid at or after the date in item 3, which were earned in a year prior to the tax year. 2012 tax amendment Payments “on account of retirement”–dismissal, severance or termination pay paid because of retirement. 2012 tax amendment Bonuses which are paid pursuant to a prior contract, agreement or promise causing the employee to expect such payments regularly; or announced to induce the employee to work more steadily, rapidly or efficiently or to remain with the employer. 2012 tax amendment Stock Options. 2012 tax amendment   Do not include in item “4” payments: For annual, sick, holiday, or vacation pay if used (absence from work) prior to the date of retirement (earlier of items “2” or “3”). 2012 tax amendment That were reported or will be reported under “Nonqualified Plans” on the Form W-2. 2012 tax amendment That were deducted from the employee's wages and paid to a deferred compensation plan (e. 2012 tax amendment g. 2012 tax amendment , 401k). 2012 tax amendment Employees health and dental plan benefits (non-covered/non-taxable for Social Security Wages). 2012 tax amendment Bonuses earned and paid in the tax year. 2012 tax amendment 5. 2012 tax amendment Check whether payments listed in item 4 will be made for years after the tax year. 2012 tax amendment If yes, please show the amounts and years in which these will be paid, if known. 2012 tax amendment 6. 2012 tax amendment Nonqualified deferred compensation and section 457 plans only. 2012 tax amendment If you were unable to report nonqualified deferred compensation or section 457 plan payments and deferrals (contributions) on Form W-2 because both payments and deferrals occurred during the year, show the amount of wages earned by the employee during the tax year. 2012 tax amendment Generally, the wages earned will be the compensation reported in block 1 of Form W-2 less payments from a nonqualified deferred compensation (or 457) plan, but including any amounts deferred under the plan during the tax year (See IRS Publication 957). 2012 tax amendment Paperwork/Privacy Act Notice: This report is authorized by regulation 20 CFR 404. 2012 tax amendment 702. 2012 tax amendment The information that you provide will be used in making a determination regarding the amount of Social Security benefits payable to the above named individual. 2012 tax amendment While your response is voluntary, if you do not respond we may not be able to make a correct determination regarding the amount of Social Security benefits payable to the above named individual for the year in question. 2012 tax amendment We may also use the information you give us when we match records by computer. 2012 tax amendment Matching programs compare our records with those of other Federal, State, or local government agencies. 2012 tax amendment Many agencies may use matching programs to find or prove that a person qualifies for benefits paid by the Federal Government. 2012 tax amendment The law allows us to do this even if you do not agree to it. 2012 tax amendment Explanations about these and other reasons why information you provide us may be used or given out are available in Social Security Offices. 2012 tax amendment If you want to learn more about this, contact any Social Security Office. 2012 tax amendment The Paperwork Reduction Act: This information collection meets the clearance requirements of 44 U. 2012 tax amendment S. 2012 tax amendment C. 2012 tax amendment §3507, as amended by Section 2 of the Paperwork Reduction Act of 1995. 2012 tax amendment You are not required to answer these questions unless we display a valid Office of Management and Budget control number. 2012 tax amendment We estimate that it will take you about 20 minutes to read the instructions, gather the necessary facts, and answer the questions. 2012 tax amendment Form SSA-131 (8-2001) EF (06-2002)   Submit Form SSA-131 to the SSA office nearest your place of business. 2012 tax amendment Or, the employee can submit it to the SSA office handling the claim. 2012 tax amendment You or the employee must submit this form before the SSA can exclude the special wage payments for purposes of the earnings test. 2012 tax amendment If reporting on more than one employee, complete a separate Form SSA-131 for each employee or use the paper listing format (except for reporting nonqualified and section 457 plan deferrals and payments) in Table 3. 2012 tax amendment Do not report payments from nonqualified deferred compensation or section 457 plans that were reported in box 11 of Form W-2. 2012 tax amendment Use Form SSA-131 if deferrals to and payments from nonqualified or section 457 plans occurred during the tax year. 2012 tax amendment Reporting Nonstatutory (Nonqualified) Stock Options as Special Wage Payments A nonstatutory (nonqualified) option to purchase stock which is exercised in a year after the year in which the option was earned is a special wage payment. 2012 tax amendment It should not count for the social security earnings test. 2012 tax amendment Nonstatutory (nonqualified) options exercised as special wage payments by retired employees or employees who continue to work while receiving social security benefits should be reported by employers using the above reporting methods. 2012 tax amendment Nonqualified Deferred Compensation and Section 457 Plans A nonqualified deferred compensation plan is a plan or arrangement established and maintained by an employer for one or more of its employees that provides for the deferral of compensation, but does not meet the requirements for a tax-qualified deferred compensation plan. 2012 tax amendment For social security and Medicare purposes, deferred compensation plans for employees of state and local governments (section 457 plans) are treated the same as nonqualified plans. 2012 tax amendment Nonqualified and section 457 plans are reported differently than other special wage payments. 2012 tax amendment See Reporting Amounts Deferred to Nonqualified and Section 457 Plans below for specific instructions. 2012 tax amendment Reporting Amounts Deferred to Nonqualified and Section 457 Plans Generally, when the related services are performed, nonqualified deferred compensation is subject to social security and Medicare tax when deferred. 2012 tax amendment However, if nonqualified and section 457 plans contain provisions that delay the employee's right to receive payments from the plan, a period of substantial risk of forfeiture exists. 2012 tax amendment The plans' deferrals, or contributions, are not subject to social security and Medicare taxes until the period of substantial risk of forfeiture ends. 2012 tax amendment No risk of forfeiture. 2012 tax amendment   If there is no risk of forfeiture, report wage amounts deferred to a nonqualified deferred compensation or section 457 plan in box 3 (up to the wage base maximum) and/or box 5 of Form W-2. 2012 tax amendment Example. 2012 tax amendment Company X's nonqualified deferred compensation plan allows the deferral of up to $20,000 of employee salaries each year. 2012 tax amendment The plan has no risk of forfeiture. 2012 tax amendment In 2012, Employee A defers $20,000 to the plan from a total salary of $200,000. 2012 tax amendment Form W-2 Completion Amount Box 1 $200,000 Box 3* 110,100 Box 5 200,000 *Wage base maximum for tax year 2012 Risk of forfeiture lapses before retirement. 2012 tax amendment   If the substantial risk of forfeiture lapses before the employee retires, report all past contributions to the plan (or the value of the plan), including accumulated earned interest, in box 3 (up to the wage base maximum) and/or box 5 of Form W-2. 2012 tax amendment The accumulated deferrals are reported along with any other social security and Medicare wages earned during the year. 2012 tax amendment   Report in box 11 of Form W-2 the amount of deferrals, including any accumulated interest, that became taxable for social security and Medicare taxes during the year (but were for prior year services) because the deferred amounts were no longer subject to a substantial risk of forfeiture. 2012 tax amendment If the employee continues working, future deferrals are social security and Medicare wages when they are earned. 2012 tax amendment    Do not include in box 11 deferrals that are included in boxes 3 and/or 5 and that are for current year services. 2012 tax amendment Risk of forfeiture lapses at retirement. 2012 tax amendment   When an employee's right to a payment is contingent upon working until retirement, report all past contributions to the plan (or the value of the plan), including accumulated earned interest, as social security and/or Medicare wages in the year of retirement. 2012 tax amendment Add the amount to other wages paid in that year, and enter in box 3 (up to the wage base maximum) and/or box 5 of Form W-2. 2012 tax amendment   Report in box 11 of Form W-2 the amount of deferrals, including any accumulated interest, that became taxable for social security and Medicare taxes during the year (but were for prior year services) because the deferred amounts were no longer subject to a substantial risk of forfeiture. 2012 tax amendment    Do not include in box 11 deferrals that are included in boxes 3 and/or 5 and that are for current year services. 2012 tax amendment Example—risk of forfeiture. 2012 tax amendment At the end of the risk-of-forfeiture period for Company Y's nonqualified deferred compensation plan, Employee B's accumulated deferrals, plus interest earned by the plan, are $120,000, not including B's $20,000 deferral for this year. 2012 tax amendment B's wages, including this year's deferred amount, are $80,000. 2012 tax amendment Form W-2 Completion Amount Box 1 $60,000 Box 3* 110,100 Box 5 200,000 Box 11 120,000 *Wage base maximum for tax year 2012 Reporting Payments From Nonqualified and Nongovernmental Section 457 Plans When an employee or former employee retires and begins receiving payments (distributions) from a nonqualified or nongovernmental section 457 plan, report the payments in boxes 1 and 11 of Form W-2. 2012 tax amendment Report payments (distributions) from a governmental section 457 plan on Form 1099-R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. 2012 tax amendment Example. 2012 tax amendment Employee D retired from the XYZ company and began receiving social security benefits. 2012 tax amendment XYZ paid D a $12,000 bonus upon retirement for sales made in a prior year, and D received $25,000 in payments from XYZ's nonqualified deferred compensation plan. 2012 tax amendment In addition, D agreed to continue performing services for XYZ, but on a part-time basis for wages of $15,000 per year. 2012 tax amendment D made no deferrals to the nonqualified plan this year. 2012 tax amendment Form W-2 Completion Amount Box 1 $52,000 Box 3 27,000 Box 5 27,000 Box 11 25,000 Report the $12,000 bonus to the SSA using electronic reporting, a paper listing, or Form SSA-131. 2012 tax amendment For more information, see Reporting Special Wage Payments , earlier. 2012 tax amendment Reporting Payments and Deferrals in the Same Year Do not complete box 11 when payments (distributions) are made from a nonqualified plan and deferrals are reported in boxes 3 and/or 5 of Form W-2 (including current year deferrals). 2012 tax amendment Report to the SSA on Form SSA-131 the total amount the employee earned during the tax year. 2012 tax amendment Normally, the amount earned is the amount reported in box 1 of Form W-2 less payments from a nonqualified or section 457 plan, but including any amounts deferred under the plan during the tax year. 2012 tax amendment See Form SSA-131 and its instructions, earlier. 2012 tax amendment Example. 2012 tax amendment Employee K retired this year from Company XYZ and began receiving social security benefits. 2012 tax amendment During the year he earned wages of $50,000 and deferred $35,000 of the wages into the company's nonqualified deferred compensation plan. 2012 tax amendment K also received $75,000 in payments from the company's nonqualified plan. 2012 tax amendment Form W-2 Completion Amount Special Wage Payment $75,000 Wages 50,000 Minus: deferral 35,000 Total reported in Box 1 $90,000     Wages including deferral reported in  Boxes 3 and 5 $50,000     Leave Box 11 blank. 2012 tax amendment File Form SSA-131 -0-     Form SSA-131 Completion Amount from Box 1 of Form W-2 $90,000 Minus: payments from a nonqualified plan 75,000 Plus: amounts deferred into the plan during the year 35,000 Total wages earned for purposes of Form SSA-131 (item 6) $50,000 Additional Reporting Examples for Nonqualified Deferred Compensation (NQDC) Plans It is not necessary to show amounts deferred during the year under an NQDC plan subject to section 409A. 2012 tax amendment If you report section 409A deferrals, show the amount in box 12 of Form W-2 using code Y. 2012 tax amendment For more information, see Notice 2008-115, 2008-52 I. 2012 tax amendment R. 2012 tax amendment B. 2012 tax amendment 1367, available at www. 2012 tax amendment irs. 2012 tax amendment gov/irb/2008-52_IRB/ar10. 2012 tax amendment html. 2012 tax amendment Special reporting rules apply when an NQDC plan is not compliant with section 409A (when there has been a “plan failure”). 2012 tax amendment Income included under section 409A from an NQDC plan is reported in box 1 and box 12 of Form W-2 using code Z. 2012 tax amendment See Notice 2008-115. 2012 tax amendment The following examples use small dollar amounts for illustrative purposes. 2012 tax amendment However, the amount reported in box 3 of Form W-2 is always limited by the social security earnings wage base (for example, $110,100 for 2012). 2012 tax amendment The term “vested” in the following examples means that the amount deferred is not subject to a substantial risk of forfeiture. 2012 tax amendment Conversely, the term “not vested” means that the amount deferred is subject to a substantial risk of forfeiture. 2012 tax amendment The examples assume that the NQDC plan is in compliance with section 409A, and that amounts deferred under the plan are not includible in gross income as they are deferred. 2012 tax amendment For purposes of the examples, it is assumed that the regular pay of the employee is remuneration for employment and wages for employment tax purposes except to the extent the deferral of a portion of the regular pay results in a reduction in wages. 2012 tax amendment Example 1: Deferral that is immediately vested (no substantial risk of forfeiture) with no distributions and no vesting of prior-year deferrals. 2012 tax amendment For the year, the employee’s regular pay was $200, and the employee deferred $20 of the pay into her employer’s NQDC plan. 2012 tax amendment The deferral of $20 was vested upon deferral and there was an employer match of $10 under the plan, which was also vested. 2012 tax amendment Regular pay = $200; Deferral, vested = $20; Employer match, vested = $10. 2012 tax amendment Form W-2 Completion Amount Box 1 ($200 Regular pay minus $20 vested deferral) $180 Box 3 ($200 Regular pay plus $10 Employer match, vested) 210 Box 5 ($200 Regular pay plus $10 Employer match, vested) 210 Box 11 -0- Example 2: Deferral with delayed vesting (substantial risk of forfeiture) of employee and employer portions (no distributions and no vesting of prior-year deferrals). 2012 tax amendment For the year, the employee’s regular pay was $200, and the employee deferred $20 of the pay into the employer’s nonqualified deferred compensation plan. 2012 tax amendment The deferral of $20 was not vested upon deferral, and there was an employer match of $10 under the plan, which was also not vested. 2012 tax amendment Regular pay = $200; Deferral, not vested = $20; Employer match, not vested = $10. 2012 tax amendment Form W-2 Completion Amount Box 1 ($200 Regular pay minus $20 Deferral, not vested) $180 Box 3 ($200 Regular pay minus $20 Deferral, not vested) 180 Box 5 ($200 Regular pay minus $20 Deferral, not vested) 180 Box 11 -0- Example 3: Deferral that is immediately vested with prior-year deferrals and investment earnings on the prior-year deferrals that are now vesting (no distributions). 2012 tax amendment For the year, the employee’s regular pay was $200, and the employee deferred $20 of the pay into the employer’s nonqualified deferred compensation plan. 2012 tax amendment The deferral of $20 was vested upon deferral. 2012 tax amendment During the year, $100 of prior-year deferrals and $15 of investment earnings on the $100 of prior-year deferrals became vested. 2012 tax amendment Regular pay = $200; Deferral, vested = $20; Vesting of prior-year deferrals = $100; Vesting of investment earnings on $100 of prior-year deferral = $15. 2012 tax amendment Form W-2 Completion Amount Box 1 ($200 Regular pay minus $20 Deferral, vested) $180 Box 3 ($200 Regular pay plus $100 vested prior-year deferral plus $15 earnings on deferral) 315 Box 5 ($200 Regular pay plus $100 vested prior-year deferral plus $15 vested investment earnings on prior year deferral) 315 Box 11 ($100 vested prior-year deferral plus $15 earnings) 115 Example 4: No deferrals but there are distributions (no vesting of prior-year deferrals). 2012 tax amendment For the year, the employee’s regular pay was $100, and the employee deferred no pay into the employer’s NQDC plan. 2012 tax amendment There was no vesting of prior-year deferrals under the plan. 2012 tax amendment During the year, there were total distributions of $50 from the plan to the employee. 2012 tax amendment Regular pay = $100; Distribution = $50. 2012 tax amendment Form W-2 Completion Amount Box 1 ($100 Regular pay plus $50 Distribution) $150 Box 3 ($100 Regular pay ) 100 Box 5 ($100 Regular pay) 100 Box 11 ($50 Distribution) 50 Special rule for box 11 of Form W-2 (distributions and deferral in the same year). 2012 tax amendment   If, in the same year, there are NQDC distributions and there are deferrals that are reportable in boxes 3 and/or 5 (current or prior-year deferrals) of Form W-2, do not complete box 11. 2012 tax amendment Instead, report on Form SSA-131 the total amount the employee earned during the year. 2012 tax amendment * Submit the SSA-131 to the nearest SSA office or give it to the employee. 2012 tax amendment   *Generally, the amount earned by the employee during the tax year for purposes of item 6 of Form SSA-131 is the amount reported in box 1 of Form W-2 plus current-year deferrals that are vested (employee and employer portions) less distributions. 2012 tax amendment Do not consider prior-year deferrals that are vesting in the current year. 2012 tax amendment If there was a plan failure, the box 1 amount in this calculation should be as if there were no plan failure. 2012 tax amendment Example 5: Deferral that is immediately vested and there are distributions (no vesting of prior-year deferrals). 2012 tax amendment For the year, the employee’s regular pay was $200, and the employee deferred $20 of the pay into the employer’s NQDC plan. 2012 tax amendment There was also an employer match of $10. 2012 tax amendment The deferral and employer match were vested upon deferral. 2012 tax amendment There was no vesting of prior-year deferrals under the plan. 2012 tax amendment During the year, there were total distributions of $50 from the plan to the employee. 2012 tax amendment Regular pay = $200; Deferral, vested = $20; Employer match, vested = $10; Distribution = $50. 2012 tax amendment Form W-2 Completion Amount Box 1 ($50 Special Wage Payment (Distribution) plus $200 Regular pay minus $20 Deferral, vested) $230 Boxes 3 and 5 ($200 Regular pay plus $10 vested employer match) 210 Leave Box 11 blank. 2012 tax amendment File Form SSA-131 -0-     Form SSA-131 Completion Item 6 - amount of wages earned by the employee during the tax year ($230 from Box 1 of Form W-2 minus $50 Distribution plus $30 vested current year employee deferral and employer match) $210 Example 6: Deferral with delayed vesting and there are distributions (no vesting of prior-year deferrals). 2012 tax amendment For the year, the employee’s regular pay was $200, and the employee deferred $20 of the pay into the employer’s NQDC plan. 2012 tax amendment The deferral was not vested upon deferral. 2012 tax amendment There was no vesting of prior-year deferrals under the plan. 2012 tax amendment During the year, there were total distributions of $50 from the plan to the employee. 2012 tax amendment Regular pay = $200; Deferral, not vested = $20; Distribution = $50. 2012 tax amendment Form W-2 Completion Amount Box 1 ($50 Special Wage Payment (Distribution) plus $200 Regular pay minus $20 Deferral, not vested) $230 Boxes 3 and 5 ($200 Regular pay minus $20 deferral that is not vested) 180 Box 11 ($50 Distribution). 2012 tax amendment 50 Example 7: Deferral that is immediately vested and there are distributions (also vesting of prior-year deferrals and earnings on those prior-year deferrals). 2012 tax amendment For the year, the employee’s regular pay was $200, and the employee deferred $20 of the pay into the employer’s NQDC plan. 2012 tax amendment The deferral was vested upon deferral. 2012 tax amendment There was vesting of $100 of prior-year deferrals and $15 of earnings on the $100 prior-year deferral under the plan. 2012 tax amendment During the year, there were total distributions of $50 from the plan to the employee. 2012 tax amendment Regular pay = $200; Deferral, vested = $20; Distribution = $50; Vesting of prior-year deferrals ($100) and earnings on those prior-year deferrals ($15) = $115. 2012 tax amendment Form W-2 Completion Amount Box 1 ($50 Special Wage Payment (Distribution) plus $200 Regular pay minus $20 vested deferral $230 Boxes 3 and 5 ($200 Regular pay Plus $115 vested prior deferral (with vested earnings on the deferral)) 315 Leave Box 11 blank. 2012 tax amendment File Form SSA-131 -0-     Form SSA-131 Completion Item 6, amount of wages earned by the employee during the tax year ($230 from Box 1 of Form W-2 minus $50 Distribution plus $20 vested current year deferral) $200 Example 8: Deferral with delayed vesting and there are distributions (vesting of prior-year deferrals, including employer matches, and earnings on those deferrals). 2012 tax amendment For the year, the employee’s regular pay was $200, and the employee deferred $20 of the pay into the employer’s NQDC plan. 2012 tax amendment The deferral was not vested upon deferral. 2012 tax amendment There was also vesting of prior-year deferrals and employer matches and earnings on these amounts under the plan ($115). 2012 tax amendment During the year, there were total distributions of $50 from the plan to the employee. 2012 tax amendment Regular pay = $200; Deferral, not vested = $20; Distribution = $50; Vesting of prior-year deferrals and employer match = $100 plus earnings on that $100 of $15. 2012 tax amendment Form W-2 Completion Amount Box 1 ($50 Special Wage Payment (Distribution) plus $200 regular pay minus $20 Deferral, not vested) $230 Boxes 3 and 5 ($200 Regular pay plus $115 vested prior-year deferral and prior year employer match and earning on the prior year amounts minus $20 deferral that is not vested) 295 Leave Box 11 blank. 2012 tax amendment File Form SSA-131 -0-     Form SSA-131 Completion Item 6 ($230 Amount from Box 1 of Form W-2 minus $50 Distribution) $180 Table 2. 2012 tax amendment Specifications for Electronic Reporting of Special Wage Payments Record Position  Field Size   Description Start End 1 3 3 Record Type—must include only the capital letters “SWP” 4 12 9 SSN—must be numeric and may not be all zeros 13 27 15 Last Name—all capitals and no punctuation; may have blanks on right only 28 38 11 First Name—all capitals and no punctuation; may have blanks on right only 39 39 1 Middle Initial—must be either a capital letter or blank 40 48 9 EIN—must be numeric and may not be all zeros 49 59 11 Payment—must be numeric; may not be all zeros; last two digits on right are assumed to be cents; no period or dollar sign 60 63 4 Payment Year—must be only a four-digit year 64 66 3 SSA Office Code—must be numeric and may be all zeros 67 67 1 Payment Type Code—must be the capital letter “T” 68 117 50 Filler  The record format is a fixed length of 117. 2012 tax amendment  The file format is ASCII. 2012 tax amendment  Submit only one file at a time. 2012 tax amendment   Table 3. 2012 tax amendment Sample—Paper Listing for Reporting Special Wage Payments to Several Employees Report of Special Wage PaymentsTax Year: Page of A. 2012 tax amendment Employer Name: EIN:   Address: Contact Name:     Phone: ( )   . 2012 tax amendment 1) B. 2012 tax amendment Employee Name: (Last) (First) (MI)   C. 2012 tax amendment SSN: D. 2012 tax amendment SWP:$ E. 2012 tax amendment Type: Other: 2) B. 2012 tax amendment Employee Name: (Last) (First) (MI)   C. 2012 tax amendment SSN: D. 2012 tax amendment SWP:$ E. 2012 tax amendment Type: Other: 3) B. 2012 tax amendment Employee Name: (Last) (First) (MI)   C. 2012 tax amendment SSN: D. 2012 tax amendment SWP:$ E. 2012 tax amendment Type: Other: 4) B. 2012 tax amendment Employee Name: (Last) (First) (MI)   C. 2012 tax amendment SSN: D. 2012 tax amendment SWP:$ E. 2012 tax amendment Type: Other: 5) B. 2012 tax amendment Employee Name: (Last) (First) (MI)   C. 2012 tax amendment SSN: D. 2012 tax amendment SWP:$ E. 2012 tax amendment Type: Other:     INSTRUCTIONS:   Enter tax year and page number. 2012 tax amendment   A. 2012 tax amendment Employer name, employer identification number (EIN), address, the name of a contact person, and a phone number where the contact person can be reached during normal business hours. 2012 tax amendment   B. 2012 tax amendment Employee's name. 2012 tax amendment   C. 2012 tax amendment Employee's social security number (SSN). 2012 tax amendment   D. 2012 tax amendment Total amount of special wage payments made to the employee. 2012 tax amendment   E. 2012 tax amendment Type of special wage payment from the following list: (1) Vacation Pay, (2) Sick Pay, (3) Severance Pay,  (4) Bonus, (5) Deferred Compensation, (6) Stock Options, and (7) Other—Please explain. 2012 tax amendment   Do not use a paper listing for nonqualified deferred compensation and section 457 plan deferrals and payments that could not be reported in block 11 of Form W-2. 2012 tax amendment (Get Form SSA-131. 2012 tax amendment )                 Prev  Up  Next   Home   More Online Publications