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SELLER DISCLOSURE ACT (EXCERPT) Act 92 of 1993 565.957 Disclosure; form. Sec. 7. (1) The disclosures required by this act shall be made on the following form: SELLER IS DISCLOSURE STATEMENT Property

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What is 957 disclosure form?

The 957 disclosure form is a document used by employers to report information on certain highly-compensated employees' participation in nonqualified deferred compensation plans.

Who is required to file 957 disclosure form?

Employers who have employees participating in nonqualified deferred compensation plans and meet the criteria specified by the IRS are required to file the 957 disclosure form.

How to fill out 957 disclosure form?

The 957 disclosure form can be filled out by providing the required information about the highly-compensated employees participating in nonqualified deferred compensation plans, including their names, social security numbers, compensation details, and plan details.

What is the purpose of 957 disclosure form?

The purpose of the 957 disclosure form is to provide the IRS with information about highly-compensated employees' participation in nonqualified deferred compensation plans to ensure compliance with tax regulations.

What information must be reported on 957 disclosure form?

The 957 disclosure form requires the reporting of the names and social security numbers of highly-compensated employees participating in nonqualified deferred compensation plans, along with their compensation details and plan specifics.

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