CNN defines Bitcoin as a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name. Of course this also means it is not tangible or backed by any government. The …
Coming Changes to Overtime Laws
Coming Changes to Overtime Laws On March 13, 2014 President Obama signed a memorandum for the Secretary of Labor relating to updating and modernizing overtime regulations. The main thrust of this is to address people who are classified as managers who are exempt from the overtime rules. Under current law in order to be considered exempt as a manager a …
IRS Adopts New Taxpayer Bill of Rights
The Right to Be Informed: Taxpayers have the right to know what they need to do to comply with the tax laws. They are entitled to clear explanations of the laws and IRS procedures in all tax forms, instructions, publications, notices, and correspondence. They have the right to be informed of IRS decisions about their tax accounts and to receive clear …
IRS Adopts New Taxpayer Bill of Rights
The Right to Be Informed: Taxpayers have the right to know what they need to do to comply with the tax laws. They are entitled to clear explanations of the laws and IRS procedures in all tax forms, instructions, publications, notices, and correspondence. They have the right to be informed of IRS decisions about their tax accounts and to receive clear …