From the May, 2013

How Can I Pay For My Bankruptcy When I Am Having Financial Trouble?

A typical question during a bankruptcy consultation meeting is, “When I am facing financial hardships, how can I pay for my bankruptcy?”  Before filing for bankruptcy, you must be very careful how you spend […]

What Tax Records do I need and for how long?

We’re often asked about record keeping requirements. So here’s a general overview of what’s required, and for how long. Then we’ll make some recommendations about how to best comply. To establish that expenditures occurred, […]

The IRS Budget and Budget Cuts

The IRS has an annual current budget of about $12 Billion but has been tasked with reducing the budget by about $600 million in 2013. In addition, lots of tax changes and the IRS’s […]

What Impact Will Reducing My Taxes Have on Getting a Loan?

You want to minimize your taxes but you’re also planning on seeking mortgage financing to purchase a home or refinance an existing one. And you’ve heard that you can’t do both. Well, these two […]

Tax Planning Tips for Next Year's Tax Return

For many taxpayers, the tax deadline has passed. But planning for next year can start now. If you’re organized and plan ahead, you can save time and money next year. Here’s a few things […]

What to do if I get a Notice from the IRS?

The IRS reports that it sends millions of letters and notices each year to taxpayers for a variety of reasons. While rarely welcome, there are a few things to keep in mind if one […]

What is the IRS Fresh Start Program?

In an attempt to acknowledge the significant challenges taxpayers are facing as a result of the severe economic crisis, the IRS introduced the “Fresh Start” program. The program is supposed to make it easier […]