Money

Jail time for unpaid debts: Debtors prison making a comeback?

According to the ACLU: “The sad truth is that debtors’ prisons are flourishing today, more than two decades after the Supreme Court prohibited imprisoning those who are too poor to pay their legal debts. In this era of shrinking budgets, state and local governments have turned aggressively to using the threat and reality of imprisonment to squeeze revenue out of the poorest defendants who appear in their courts.”

New IRS reporting system affects PayPal accounts

Businesses that process payments through credit cards, debit cards or payment merchants like PayPal beware.  The IRS has a new reporting system and surprise, surprise, according to a Treasury Department audit released July 26, 2011 the system that includes “a revised form” that may be flawed. Imagine that? In 2008 the enacted Housing and Economic Recovery …

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Is Google in Your Wallet?

Everybody loves shopping, and everybody loves getting great deal on products that they buy. Today Google announced their latest product that will be coming this summer. Google’s latest venture is called Google Wallet, and it will be coming to an Android smartphone near you soon. NFC Technology is the future In 2009 MasterCard started deploying …

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