Only 1.0% of the population will be subjected to an IRS audit (7.0% if your income is over $1 million) but the thought of being the one in every hundred that is “selected” is […]
Ever wonder how the IRS is graded and how it’s doing? Most of us have a perspective but the National Taxpayer Advocate (currently Nina E. Olson) is tasked with the specific job of reporting […]
Congress and the White House are still wrangling with the debt ceiling, raising taxes, cutting spending and a variety of issues collectively referred to as the Fiscal Cliff the nation reaches on January 1, […]
When you file for bankruptcy protection, one of the first things the court does is appoint a Trustee. What’s his or her role? To gather any assets of the bankruptcy estate, liquidate them and […]
Remember ObamaCare. Well it’s in the news again but this time it has nothing to do about healthcare. Part of the bill Congress passed included various other tax increases, including a surtax on investment […]
You’ve decided to file bankruptcy and some of the debts are past-due HOA fees and delinquent property taxes. Who’s responsible for these debts? HOA Dues HOA dues are a personal debt (in all but […]
Now that the election’s over and the fiscal cliff is looming, Congress and the White House are sparing again over taxes and how to fix the impending issues. The newest slavo of talks (or […]
Congress passed the Mortgage Forgiveness Debt Relief Act of 2007 as a means of providing underwater homeowners with options to reduce the tax liability resulting from forgiven mortgage debt. The act is now set […]
Just about everyone you talk to says that Taxes can’t be discharged in bankruptcy but is that really true? Some taxes, particularly income taxes, CAN be discharged in a bankruptcy proceeding if they meet […]
Many of us do not give much credit to our representatives in the Federal government, but perhaps we should thank them for creating and keeping a method for people who are financially down on […]