W2 form from nonqualified plans

[ricar-deoliv]

First time I have received a w2 form from a nonqualified plan (pension plan).  the Employer ID number does not match the name and address.

[Coleen3 · Accepted solution]

Yes, tax reporting for distributions from nonqualified deferred compensation plans depends on the employment status of the plan participant. Tax information for employees is reported using Form W-2, while tax information for independent contractors (i.e., agents or members of the Board of Directors) is reported using Form 1099 MISC.

You can call the company and get the correct information if it causes a problem in e-filing. There could be a transposition of numbers or maybe they are using a DBA.