
Six tax changes for itemized deductions
1. Mortgage Interest: The Tax Cuts and Jobs Act (TCJA) limits mortgage interest on loans used to acquire a principal residence and a second home debts up to $750,000 (down…
1. Mortgage Interest: The Tax Cuts and Jobs Act (TCJA) limits mortgage interest on loans used to acquire a principal residence and a second home debts up to $750,000 (down…
ARE you seriously in debt and don’t know what to do? Individuals who have accumulated excessive debt are often left to ponder whether bankruptcy is their only realistic way to…
THE client is 66. He says he is now old all of a sudden. He migrated here in 2004 so that’s 15 years ago. When he deplaned at LAX, he…
SO you applied for a job. Your prospective employer may likely do a background check on you. This is true particularly for those applying in sensitive job positions. Some employers…
ARE you in debt and are starting to feel very frustrated with your situation? Do you find yourself always worried and stressed because you don’t have enough money to pay…
Old law: Under old rules, you were able deduct interest on $1 million ($500K for married filing separately) of mortgage debt used to acquire your principal residence and a second…
THE client is 65 and a widow. Wanting some male attention, I guess, she posted her picture on the Internet. She looks much younger in the posted picture, which she…
1. Tax rates The Tax Cuts and Jobs Act (Act) reduces tax rates to seven lower tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The top rate was…
SENIOR No. 1 and senior No. 2 are in the same boat. They each have car repossession deficiencies of over $100,000, and business credit card debt of $50,000. Just by…
SIX attorneys sued their employer, Morrison & Foerster, one of the largest law firms in the country, claiming that their employer discriminated against them by holding them back in their…
ARE you currently struggling with debt problems and don’t know what to do? To most people, finding themselves in that situation is pretty scary. They constantly worry about their finances…
A Senior Care Home is also known as board and care, residential care facility for the elderly (RCFE) and assisted living facility. It is a place where non-medical care is…
KOURTNEY Liggins worked as an eighth-grade teacher for 5 years at the Transfiguration School, a religious-run school in Los Angeles. Liggins was unmarried and seven months pregnant when her boss…
Need Chapter 13 to stop foreclosure “ Second, if they can find the right buyer, a motion seeking court permission to sell the house can be filed in the Chapter…
ADJUSTMENTS to income (referred to as “above the line deductions”) are deductions to arrive at Adjusted Gross Income (AGI). These expenses reduce your income directly without going through itemized deductions. The amount after deducting…
WACKENHUT Corporation, which is now known as G4S Secure Solutions (USA) Inc., is a global security solutions company that employs thousands of private security officers, including some in California. Three…
Pay debt off completely There are of course different ways of getting rid of debt. The most obvious is just pay it off. Let’s say you owe $50,000…
What is an ABLE Account? The word “ABLE” stands f3or Achieving a Better Life Experience Act. An ABLE account is a tax-advantaged savings vehicle that can be established for a…
ACCORDING to a new report, the number of seniors filing bankruptcy is increasing rapidly. The average senior who files bankruptcy these days owes approximately $17,390 according to the report (Although…
“ One thing that may help you determine if you still have debts in active collection status is by looking at the most recent copy of your credit report and…
“ I suggest a Chapter 7 to wipe out all debt. Let the house go if it is not sold, and go look for another residence now that is more…
DOMINIC Oliveira works as a driver for New Prime, Inc., an interstate trucking company. On paper, Mr. Oliveira is not an employee because he signed contracts with New Prime, labeling…
THE Tax Cuts and Jobs Act (TCJA) made changes to the tax treatment of divorces and legal separations in 2019 and beyond. Current rules: Under current rules, an individual who…
“ Arias came to know of these plans. Fearing that he would be deported and separated from his family, Arias suffered anxiety and emotional distress. One month before trial, Arias…
“ There are clients like this who are headstrong in the wrong way and insist on their own kind of justice that has no basis in reality. They’re living in…
THE client is 64, a young senior. I say young because I consider seniors in their 60s as still active and robust. Except for more white hair, they still feel…
I KNOW we’ve never met but if you are facing serious debt problems, I know there’s a common concern that people share when they are in your situation. As a…
BRIAN Gruzalski worked as an airplane mechanic for FedEx. Stanley Langevin was his supervisor. Mark Collins was their manager. These three employees sued FedEx claiming that it retaliated against them…
“ A hostile environment is created when unwelcome sexual conduct unreasonably interferes with an individual’s job performance or creates an intimidating, hostile or offensive working environment. Even if there is…
“ Yes, your credit score increases yearly after bankruptcy and you do get new credit cards and new credit lines. I just suggest that you pay off the cards completely…