Seniors with $40K credit cards seek Chapter 7 relief
Client needs Chapter 13 to handle $50K personal guaranty CLIENTS are young seniors at 62. Husband took an early retirement as he has a serious illness. Two years ago, husband…
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Protecting employees who need periodic leave for their medical condition
Q: I HAVE a heart condition that has become worse recently. I need to see my doctor periodically or when I feel dizzy or short of breath. This means I…
Guaranteed installment agreement with the IRS
GUARANTEED? Too good to be true? Read on. The IRS cannot deny your application if you satisfy all of the following requirements: 1. The tax is not more than $10,000….
File Chapter 13 to make monthly debt payments more affordable
IF you are doing your best to pay your debts but simply do not have enough income to pay what your creditors are demanding from you, it may just be…
What is new: Federal penalties for late W2s and 1099s
JANUARY 31, 2017 is the new deadline for filing 2016 Forms W-2 and W-3 both in paper forms and electronic. If you need 30-day extension complete Form 8809. There are…
Client with good income seeks Chapter 7 or Chapter 13 relief for $84K credit cards
CLIENT is 58. He is not divorced but separated for 20 years. His income is good. He nets about $7K to $8K a month. He lives by himself and does…
Where does that tip go? – A question for consumers and workers
THE Uber app allows riders to call, arrange and pay for taxi cab rides and other transportation services electronically via their mobile phone. On September 9, 2012, Caren Ehret used…
Should you submit an offer in compromise (OIC)?
IF you are unable pay all your taxes owed to the IRS, you may make an offer to pay a smaller sum to fully pay all taxes, penalties, and interests….
How you can get your family out of debt — safely and legally
AS we prepare to wrap up another year, I still see a lot of families who are at the end of their financial rope with no place to turn for…
Tips to keep the IRS away
KEEP a low audit profile. It reduces risk of an audit. Here are some tips to keep the IRS from auditing your tax returns: • Make sure that social security…
Single mom seeks chapter 7 relief from $60K credit cards
Business owner seeks to discharge $40K credit cards; Young debtor seeks to discharge $50K credit cards CLIENT is 50 and divorced ten years ago. Ex husband decided that working was…
Series for Covered CA: Part 1 – Introduction
OBAMACARE is normally used to mean Covered California (Covered CA) but they not the same thing. Obamacare is the law, the formal name of which is Patient Protection and Affordable…
Police use of excessive force results in wrongful death recovery
ON April 27, 2014, in Compton, CA, L.A. County sheriff’s deputies were called to a Target store, where a theft was allegedly occurring. Police arrived at the scene and confronted…
I owe the IRS – what can I do?
HERE 10 tips if you cannot immediately pay your liabilities to the IRS: • Pay What You Can: Pay promptly to stop additional penalties and interest from accruing. If you…
Debt problems: 2 things you need to change if you want your life to get better
EVERY day, I meet with a lot of people who are sick and tired of being in debt. And yet when I talk to them, I discover that they are…
Protecting employees injured at work from wrongful termination
ADAM Prue worked for the Brady Company, a construction company in San Diego, CA. Prue was injured at work and suffered a hernia in June 2011. Because of this, Prue…
Excluding foreign earned income
ARE you a U.S. citizen or resident working in a foreign country? Have you declared your foreign income? Have you even filed a tax return? Or are you hiding from…
Bankruptcy: Don’t let your past decide your future
AS a Bankruptcy Attorney for the last 18 years, I have counseled thousands of individuals with all types of debt problems. A lot of these people often feel tired and…
Average itemized deductions
FOR taxpayers who itemize their deductions, the chart below should be of interest. But for those who take the odds, this chart should be of very special interest. While it…
Bankruptcy court rules in favor of client for $250K after trial
87-Year-old senior seeks chapter 7 relief I REPRESENTED a foreign company with a $250K claim for a forty foot container of manufactured goods that it delivered to the debtor…
Tips to keep the IRS away
KEEP a low audit profile. It reduces risk of an audit. Here are some tips to keep the IRS from auditing your tax returns: • Make sure that social security…
Young senior loses job and converts Chapter 13 to Chapter 7
Senior files same to discharge $70k credit cards When I say young senior, I mean 60. She’s a single mom with two adult daughters who are over the age of 21….
Honoring the courage of a Fil-Am hero who fought for just wages
“ Larry Itliong, his struggles, and his legacy continue to be relevant to the workers of today, particularly immigrant workers who face similar challenges in the workplace. For example, present-day…
States with the lowest and highest tax rates
Individuals and businesses in all 50 states pay federal income tax. Residents in 41 states also pay state income tax while nine states have no state income taxes. Here are…
Bankruptcy: Why suffer needlessly if you seriously need help?
“ The legislative intent of Congress in passing our bankruptcy laws is to allow a fresh start to those honest individuals who have found it impossible to cope with debt…
Should US workers abroad pay self-employment tax?
You may be liable for U.S. self-employment taxes if you have become an independent contractor either for a new employer or a foreign employer with no ties to the U.S….
Clients choose Chapter 13 to avoid risk of losing house to Chapter 7 trustee on steriods
Senior wants Chapter 7 to wipe out $22K credit card debt “ Some credit cards specialize in giving credit to people who have come out of Chapter 7. Chapter 7 is…
Should I tell my employer about my medical condition to accommodate my disability?
Q: I WAS diagnosed with herniated disc and severe anxiety. I want to request leave but want to keep my privacy at work. Do I need to tell my employer…
10 tips on penalties for late filing/paying your taxes
1. THE failure-to-file penalty is generally more than the failure-to-pay penalty. If you cannot pay all the taxes you owe, file to prevent that more costly failure-to-file penalty. 2. The…
Here are the early signs of debt trouble you shouldn’t ignore
HOW much debt is too much? Are you worried that you have accumulated more debt than you can afford to pay back? Are you feeling depressed, frustrated, hopeless or maybe…