Scams with callers claiming to be from the IRS have become unfortunately common. These scams typically demand immediate payment of a supposed tax debt, and threaten severe consequences, and often jail time, if payment isn’t made. Even if a person does not fall for the scam and make payment, receiving the call can cause anxiety […]
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New Overtime Regulations and Employee Wellness Programs to Take Effect
New regulations issued by the U.S. Department of Labor taking effect December 1, 2016 will significantly expand the number of employees who must receive overtime pay. The regulations more than double the minimum salary that must be paid to employees to qualify for an exemption from the requirement that 150% of regular wages be paid […]
Read more...Potential Personal Liability of Executors and Trustees
Both state and federal law impose duties upon executors and trustees, “fiduciaries”, in fulfilling their duties. In certain instances, a fiduciary can be held personally liable for an improper distribution to a beneficiary if tax and other creditor liabilities are not first satisfied. In the recent case of the Estate of Melvin Sacks, the Internal […]
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