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July 2, 2008
IRS Defuses Faculty Tax Time Bomb
Last month I blogged the Tax Time Bomb for Faculty Paid Over 12 Months, which explains how § 409A might adversely affect faculty on 10-month contracts who elect to be paid over a 12-month period. The IRS has issued Notice 2008-62, 2008-29 I.R.B. ___ (7/21/08), to address the problem.
July 2, 2008 in Law School | Permalink
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» TEACHERS GET 409A BREAK from Roth & Company, P.C.
The IRS issued a notice (Notice 2008-62) that will remove the threat of a 20% penalty tax on teachers who... [Read More]
Tracked on Jul 3, 2008 11:41:01 AM
