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The Truth About 457 Visa Changes Will it affect Your Chances of Securing Australian Permanent Residency? By MANA Khaki (RMA 0639036) What is the 457 Visa? The 457 Visa program was introduced by the
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Form 457 is a document used by employers to report information relating to nonqualified deferred compensation plans offered to their employees.
Employers who offer nonqualified deferred compensation plans to their employees are required to file Form 457.
Form 457 can be filled out electronically or manually, by providing information about the employer, employee, and the deferred compensation plan.
The purpose of Form 457 is to report information about nonqualified deferred compensation plans to the IRS.
Information such as the employer's name, address, employee's information, the amount of deferred compensation, and any distributions made during the year must be reported on Form 457.
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