Most people are aware that bankruptcy can provide debt relief, but many don’t think it is the right time for them to file. There is no magic equation to apply to your circumstances to […]
From the Author Archive
The Government Accounting Office says that since FY 2010, the IRS has lost 10,000 employees and had its budget reduced by $900 million. More cuts are proposed for the 2015 IRS budget. Identity theft, […]
Recently we posted the details on the IRS requirements for determining the difference between employee and independent contractor. Recently, we became aware of the results of an IRS examination on this very point. The […]
The two most common types of bankruptcy filed by individuals are Chapter 7 and Chapter 13. However, many people do not know the differences between these two types of filings and which type of […]
If you filed an extension for your 2013 tax returns, you bought yourself a little more time to finish the forms and get them submitted. But those deadlines are quickly approaching. Here they are: […]
When you file a personal bankruptcy case, the automatic stay is immediately effective. The stay is very beneficial for individuals who have been facing financial troubles for a while or who are facing a […]
The latest scam is phone callers impersonating the IRS and demanding payment. And it’s pretty tricky to know who is and isn’t legitimate. The IRS is a collection agency and like most other collection […]
Anything you receive as a tip is considered taxable income. Usually a tip is in the form of cash. But occasionally a tip may be in the form of something that is not cash, […]
If you or a child are receiving a scholarship or fellowship for attending a college or other form of higher education, there are a few tax tips to know in order to reduce or […]
Before filing for bankruptcy, an individual should carefully review his or her assets and compare them to the exemptions available under state and Federal law to protect those assets from the bankruptcy trustee and […]