Unemployment Rate Rose to 8.5 Percent in March

Nonfarm payroll employment continued to decline sharply in March (-663,000), and the unemployment rate rose from 8.1% to 8.5%, the Bureau of Labor Statistics of the US Department of Labor reported recently. Since the recession began in December 2007, 5.1 million jobs...

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IRS Says Teachers Should Not Be Covered by 409A

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 §409A. Technically, teachers who only work for 9 or 10 months but are paid over a 12-month schedule have deferred compensation...

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