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COVER PAGE Recipient Committee Campaign Statement Cover Page Type or print in ink. (Government Code Sections 8420Q.842H “S) Date of election inapplicable: Statement covers period from SEE INSTRUCTIONS
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842h ampquot refers to a specific section of the Internal Revenue Code that deals with the reporting of income from nonqualified deferred compensation plans.
Employers who offer nonqualified deferred compensation plans to their employees are required to file Form 842h for reporting purposes.
To fill out Form 842h, employers need to provide detailed information about the nonqualified deferred compensation plans offered to employees, including the amount of income deferred and any distributions made.
The purpose of Form 842h is to ensure that income from nonqualified deferred compensation plans is properly reported to the IRS and that any taxes owed on that income are paid.
Employers must report the amount of income deferred by employees, any distributions made from the plan, and any taxes withheld.
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