In just a few short months, the coronavirus pandemic of 2020 has thrown the world’s economies into chaos, tens of millions of people have filed for unemployment assistance, and entire industries have experienced collapse with stay-at-home orders. For anyone who was – or is – thinking about purchasing a home, it’s common to wonder if […]
Will the Coronavirus Pandemic Affect My Bankruptcy?
The coronavirus pandemic of 2020 has turned into a financial nightmare for millions of Americans. Tens of millions of households have had a family member apply for unemployment benefits, and the number of defaults on mortgages and other financial obligations has skyrocketed. So far, local and state governments, as well as Congress in Washington, D.C., […]
Covid-19 Tax Changes
The coronavirus pandemic has forced people around the world to make dramatic changes to their everyday lives, and Americans should be aware of some Covid-19 tax changes that will likely impact how and when they file their taxes for the 2019 tax year. In late March of 2020, Congress and the president passed a massive […]
Avoiding Debt Collection & IRS Scams
The proliferation of IRS scams and debt collection scams has increased exponentially with the increased availability of smartphones, texting, and the internet. Some scams feature an old fashioned letter sent through the mail that indicates a victim should send money to another party to avoid getting sued. Other scams are delivered by text and ask […]
Do You Need a Credit Repair Service?
One of the effects of undergoing bankruptcy is the general destruction of your credit report, and it usually takes years to climb out from under the weight of a poor credit score. One of the options some people take after they go through bankruptcy, or after they experience financial difficulties that destroy their credit report, […]
What is an IRS Audit?
The prospect of an IRS audit is something that can cause intense worry in the average citizen, particularly since the process has such a bad reputation for causing stress and difficulties for individuals, families, and businesses. However, the best defense against a stressful audit is to understand the process, so there are no surprises. The […]
What are the Steps in a Short Sale?
What is a short sale? It’s when a house is sold at fair market value even if the amount owed on the mortgage for the property is a higher amount. When a borrower agrees to sell a house as a short sale, he or she will often be relieved of having to pay the leftover […]
Are There Any Alternatives to Bankruptcy?
Most Americans carry some type of debt, whether it’s school loans, credit cards, a mortgage, or other loans. Sometimes, these debts take over, and it becomes impossible to figure out a way to pay everything owed every month. In dire circumstances, the only option might be filing for bankruptcy, where the court takes over and […]
What is an IRS Appeal?
Did you know that you can ask for an IRS appeal when you receive an adjustment letter from the Internal Revenue Service (IRS) in the mail? The IRS inspects the tax returns it receives each year and often sends taxpayers bills because the taxpayer’s return was found to have mistakes. The IRS may indicate a […]
What is Wage Garnishment?
If you’re sued in civil court for an amount of money and your opponent wins their case, you may experience wage garnishment, which is a method of collecting money owed on a judgment. Someone who sues you for money is known as a “plaintiff,” and you’re known as the “defendant” in a case of this […]
