Northwest Indiana Discussion

Tsk Tsk......

Poor sporkles, making up assertions and it looks as though the IRS didn't get his memo.

And once again, Tiger is correct.



New Rule Will Not Affect Teacher Salaries in Upcoming School Year

IR-2007-142, Aug. 7, 2007

WASHINGTON — Moving to clear up confusion about a recent tax law change, the Internal Revenue Service today reassured teachers and other school employees that new deferred-compensation rules will not affect the way their pay is taxed during the upcoming school year.

Recently, the IRS has received inquiries from teachers who had been told that they had to make certain decisions about their pay this month or risk severe penalties. At issue is a 2004 law change that applies to people who decide to defer compensation from one year to a future year. In April, the Treasury Department and the IRS issued final rules implementing this law change.

Under the 2004 law, when teachers and other employees are given an annualization election – that is, they are allowed to choose between being paid only during the school year and being paid over a 12-month period – and they choose the 12-month period, they are deferring part of their income from one year to the next. For instance, a teacher who chooses to get paid over a 12-month period, running from August of one year through July of the next year, rather than over the August to May school year, falls under this law.

The IRS clarified that the new rules do not require school districts to offer teachers an annualization election. Thus, school districts that have not been offering teachers this election are not required to start.

School districts that offer annualization elections may have to make some changes in their procedures. The IRS announced that the new deferred-compensation rules will not be applied to annualization elections for school years beginning before Jan. 1, 2008, so school districts and teachers will have time to make any changes that are needed.

http://www.irs.gov/newsroom/article/0,, ... 84,00.html

Sparks why are you so full of S*** on almost every issue ???????

Marine, what Sparkless qouted was for the NEW YORK CITY SCHOOLS. Last time I checked, New York City was in the State of New York, not Indiana.

There are no school districts in the region that pay their Teachers on a 12 month system, instead of a school year system. My family members who are Teachers and Administrators in several local school systems,including Hammond, do not get paid when school is out for the year, unless they are teaching summer school.

I know, Tiger.
When I read your post I was 99.99999999% sure you were correct but then when sporkles the pious weighed in with his nonsense, I knew without a doubt you were correct.

It's "Home Rule" when it comes to pay structure and school systems with much of it having to do with local teacher's unions as well.

Tiger wrote:


YOU madam are full of crap. You don't know WTF your're talking about.

Teachers have a choice of getting 20 paychecks or 26.

Now go ahead & call any school corporation & you will be told the same thing.

try these two:
School Town Of Munster: 219-836-9111
Lake Central School Corporation: (219) 365-8507

In Illinois they all get paid all year round- 26 paychecks

We are friends with at least a dozen teachers and they all receive paychecks year-round. It makes it easier to them to manage their finances. It is hard to believe that there are several posters who think a person like Tiger1 who believes that Obama is the antichrist is a credible source.Although, we do have a former exotic dancer who quotes scripture and a wannabe soldier boy here too.LOL!

Your right about that edge but their pay is still based "either way" on the 9 months they work.

YOU sir are a troll. Tiger is right and you are a t***.
I used the IRS website to prove it.
Shoo....go away.




Indeed.

you are correct sir

REALLY??? That sure would be news to my family and my neighbor. In East Chicago and Hammond, they get paid when they Teach, not during the summer. BTW, I never mentioned Illinois. Each state has it's own set of rules, and all are governed by differant school district policies.

yeah REALLY
What is it that you don't UNDERSTAND about having a CHOICE of being paid 20 or 26 paychecks?

Hmmmm......20 paychecks or 26...?

26 paychecks would be a full year with a check every 2 weeks, yes?

But 20 paychecks would be 9 months with no checks during the 3 months school is out, yes?

Methinks hedge is just trolling for sporkles.....

That's ok. Everyone needs someone.

Carry on, boys.






Hedge is just helping out sporkles with his trolling, Tiger.

They get their lunches handed to them every single time they run their pieholes.

Cracks me up..!!!!!!

My kid's uncle is a Principal, my neighbor is a Teachers Assistant, my brother has been teaching at a local school system for over 30 years, etc. NONE of them have the option of having their pay spread out over 26 weeks. It's 20 weeks and then they have to get a summer job, unless they get lucky to be picked for summer school.

I guess the tough guy (or what ever) sparks is wrong again... and has help from Sledge...... those leftoids both need help

That's nice. Principals work ALL YEAR, Principals get paid all year.
I really don't care, a Teachers Assistant is not a TEACHER.

I don't believe you.
However that's easy to verify, what's the local school system?

I'll call & ask.