The Internal Revenue Service wants teachers to know that a recent tax law change won't affect the way their tax is paid in the upcoming school year.
The change, involving deferred compensation rules, has been prompting anxious calls from teachers who are worried they will face stiff penalties if they don't make an immediate decision about their pay. The issue involves an October 2004 tax law change for which the IRS and the Treasury Department issued final rules in April of this year.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access