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Houston ISD 101912 INSURANCE AND ANNUITIES MANAGEMENT DEFERRED COMPENSATION AND ANNUITIESTAXSHELTERED ANNUITY PROGRAM1.CRG (REGULATION)In October 1961, Congress enacted Public Law 87370, which added

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What is deferred compensation and annuities?

Deferred compensation is a portion of an employee's pay that is withheld to be paid out at a later date, typically after retirement. An annuity is a financial product that provides a series of payments to the holder over a specified period of time.

Who is required to file deferred compensation and annuities?

Individuals who have deferred compensation or annuities are required to report them on their tax returns.

How to fill out deferred compensation and annuities?

Deferred compensation and annuities are typically reported on tax forms such as Form 1099 or Schedule D, depending on the type of income.

What is the purpose of deferred compensation and annuities?

The purpose of deferred compensation and annuities is to provide a source of income in the future, especially during retirement.

What information must be reported on deferred compensation and annuities?

Information such as the amount of compensation deferred, the terms of the annuity, and any tax implications must be reported.

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