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Severance Is Optional, U-Haul Reservations Aren’t
Posted By Jim On 02/01/2008 @ 2:12 pm In Personal Finance,Taxes | 4 Comments
This week’s hodgepodge of links range from a primer on how to read financial statements to discussion of severance and overtime to U-Haul getting the smackdown in California. Should make for some entertaining weekend reading!
Looking for a good primer on how to read financial statements? Why not check out the folks who analyze the stuff everyday, the SEC? The Security and Exchange Committee has a really easy to read beginners guide to financial statements  that will more than adequately acclimate you to how to analyze a financial statement of a company. (Courtesy of Jeremy !)
All this talk of recession has probably gotten a lot of people spooked and I was doubly surprised to discover that there is no federal law requiring severance pay ! It is more a custom than it is a requirement, which makes sense if your company has let you go because it’s facing a tight financial situation. I suppose I always assumed a severance package was standard. (Oh, and it’s legal for your company to require overtime  from you, but they have to pay)
One of the most commented posts I have is my horror story about U-Haul and how I hate U-Haul ; so, I was delightfully surprised to hear that U-Haul has settled a class action lawsuit  in California that would result in them paying $50 every time they didn’t honor a reservation. Despite this new agreement, I still wouldn’t rent from U-Haul since that $50 doesn’t guarantee that you won’t be driving a death trap capable of breaking down going 60 mph on the highway.
An issue that has come up a bunch of times, especially now with tax season looming, is whether or not credit card rebates are taxable . I’ve always thought that they aren’t so this is good confirmation from a third party.
I just got this great email from a publicist that sent me a copy of J.K.Lasser’s Your Income Tax 2008  and it involves what casinos report to the IRS (I’m a fan of the casino, in moderation, so this was entertaining to read):
Finally, I leave you with this great little exchange between Mrs. Raising4Boys and their three year old tyke . (I don’t want to ruin it, so click through and read it; I guarantee at least half of you won’t be disappointed)
Article printed from Bargaineering: http://www.bargaineering.com/articles
URL to article: http://www.bargaineering.com/articles/severance-is-optional-u-haul-reservations-arent.html
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 Email: mailto:?subject=http://www.bargaineering.com/articles/severance-is-optional-u-haul-reservations-arent.html
 beginners guide to financial statements: http://www.sec.gov/investor/pubs/begfinstmtguide.htm
 Jeremy: http://genxfinance.com/
 no federal law requiring severance pay: http://everydaylawjournal.com/severance-pay.htm
 legal for your company to require overtime: http://everydaylawjournal.com/do-i-have-to-work-overtime.htm
 I hate U-Haul: http://www.bargaineering.com/articles/i-hate-u-haul-truck-rental.html
 U-Haul has settled a class action lawsuit: http://consumerist.com/346986/u+haul-to-pay-california-customers-50-for-failing-to-honor-a-guaranteed-reservation
 credit card rebates are taxable: http://www.creditaddict.com/archives/are-credit-card-rewards-taxable/
 J.K.Lasser’s Your Income Tax 2008: http://www.bargaineering.com/articles/r/amazon.php?asin=0470137541
 little exchange between Mrs. Raising4Boys and their three year old tyke: http://www.raising4boys.com/2008/01/21/ammonia-sexism-and-three-year-olds/
Thank you for reading!