{"id":54,"date":"2008-07-07T12:38:28","date_gmt":"2008-07-07T16:38:28","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=54"},"modified":"2008-07-10T19:17:43","modified_gmt":"2008-07-10T23:17:43","slug":"irs-says-teachers-should-not-be-covered-by-409a","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2008\/07\/irs-says-teachers-should-not-be-covered-by-409a\/","title":{"rendered":"IRS Says Teachers Should Not Be Covered by 409A"},"content":{"rendered":"<p><span style=\"font-size: 10pt; color: #000000; font-family: Verdana; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;\">The IRS recently released <a href=\"http:\/\/www.irs.gov\/pub\/irs-drop\/n-08-62.pdf\" target=\"_blank\">Notice 2008-62<\/a> which states that teachers who receive pay over a 12-month period will generally not be subject to \u00a7409A. Technically, teachers who only work for 9 or 10 months but are paid over a 12-month schedule have deferred compensation under \u00a7409A since some pay is deferred from one calendar year to the next. Under proposed regulations to be issued under \u00a7457(f), teachers paid under such plans will be exempt from the \u00a7409A rules.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IRS recently released Notice 2008-62 which states that teachers who receive pay over a 12-month period will generally not be subject to \u00a7409A. Technically, teachers who only work for 9 or 10 months but are paid over a 12-month schedule have deferred compensation under \u00a7409A since some pay is deferred from one calendar year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,4],"tags":[22,23,25,26,24],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/54"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=54"}],"version-history":[{"count":0,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/54\/revisions"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=54"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=54"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=54"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}