Yes, it's apparently possible: http://www.irs.gov/Businesses/Corporations/Nonqualified-Deferred-Compensation-Audit-Techniques-Guide-(02-2005) http://www.irs.go

Yes, it's apparently possible: http://www.irs.gov/Businesses/Corporations/Nonqualified-Deferred-Compensation-Audit-Techniques-Guide-(02-2005) http://www.irs.gov/Businesses/Corporations/Nonqualified-Defe... Interestingly enough, the employer is required to withhold FICA taxes as soon as the deferral is made, if it's truly guaranteed future income.