THE IRS requires specified individuals who file FBAR forms with an interest in “specified foreign financial asset” have a further requirement to file From 8938 (Statement of Specified Foreign Financial…
Q. MY employer brought me to America to work as live-in nanny for their youngest child. I would be paid $1,000 per month with weekends off. When we arrived in…
IF you paid someone to care for your child, spouse, or dependent, you may be able to claim the Child and Dependent Care Credit on your federal income tax return….
In our Filipino community, there seems to be a reluctance to engage in comprehensive estate planning through the execution of living trusts, wills, and powers of attorney. Instead, many families…
NEW Foreign bank account rules were aimed to fight terrorism financing, tax evasion, fraud, and money laundering. Sorry to say, but folks like me and you get snared in the…
I have decided to prioritize this timely article related to the Year of the Fire Red Monkey hoping our dear readers can use the information as a good reference point…
Young client seeks chapter 7 relief for $$70K credit card debt Business owner files chapter 7 as losses mount CLIENTS are spouses who own and run a business together….
(Nurse fired for reporting safety issues awarded $1 million verdict) Q: I WORK in a company where a supervisor bullies employees into working long hours without extra pay, threatening to fire…
1. DO not boast about how you got away with undeclared income or manufactured deductions. Ever heard of whistleblowers? They earn rewards of 15% to 30% of your assessments. If…
SLEEPLESS nights. Stressed out. Worried about the future. Always broke. This is what most people are going through when they are considering bankruptcy in order to get out of debt. …
1. HEALTH COVERAGE. Information Reporting. The provider of your health coverage is required to send Form 1095-A, 1095-B, or 1095-C with list of individuals included in your family health coverage…
Young client seeks chapter 7 relief for $$70K credit card debt Business owner files chapter 7 as losses mount CLIENTS are spouses who own and run a business together. They…
ZELMA Brawner worked for Bank of America (BOA) for about 28 years, occupying the positions of “Dedicated Service Director” later renamed “Treasury Services Consultant,” and “Treasury Services Senior Advisor” for…
HERE are the top 10 things the Internal Revenue Service wants you to know about this valuable credit: 1. EITC not only reduces the federal tax you owe, but could…
IRS problems have a way of ruining all aspects of your life. They can take a toll on you financially, emotionally and physically. When you owe the IRS, you’re always…
THE overseas Chinese or hua-chiao is a term commonly used for the Chinese in Southeast Asia. In a broad sense, overseas Chinese refers to all Chinese who have left their…
1. YOU are required to file a California tax return if your gross income exceeds: a. Single – $16,256 (no dependent). b. Head of household – $27,489 (with one dependent)….
EXEMPTION Credits: a. $109 – Single, Married filing separately, Head of Household. b. $218 – Married filing jointly. c. $337 – Dependent. d. $109 – Age 65 or older. e….
Seniors seek chapter 7 relief for $48k credit card debt Business owner with $1.0M labor lawsuits CLIENT is 65. He operates a service-oriented business with 3 outlets in strip malls….
MICHAEL Landri worked as a bartender for the Marriott Del Mar Hotel in San Diego. In December 2009, the hotel held its annual holiday party for its employees. Marriott managers…
OF course not. Why should I pay taxes based on the highest tax rates? The lowest rates belong to joint filers and widows, followed by heads of household and single…
DO you have sleepless nights worrying about your credit card debts? Are you feeling hopelessly trapped with no way out? If you are up to your eyeballs in credit card…
Many attempts have been made to profile the Asian Entrepreneur. But I found an easier way to spot them—just check their family name. The fact is enterprises and entrepreneurship in…
ATTORNEY Ray Bulaon, known as “the Filipino Community’s Debt Relief Expert”, has opened a fourth office location in Los Angeles in order to be more accessible to all clients in…
Seniors seek chapter 7 relief for $48k credit card debt Business owner with $1.0M labor lawsuits CLIENT is 65. He operates a service-oriented business with 3 outlets in strip malls. He…
THE use of unreasonable or excessive force by police are in the news now more than ever. Many thought after the Rodney King incident, this issue will never arise again….
PAY attention to your filing status because it determines your standard deduction, tax due, or refund. Here are 12 tips to help you choose your correct filing status: 1. There…
YOU already know that your home is in foreclosure. You’ve received that dreaded Notice of Default. You know that after 90 days, your home can be scheduled for a Trustee…
I AM frequently asked the question: “Is it a good business opportunity to open a senior care home?” First, let us define what a Senior Care Home is and how…
MY grandfather is one of the greatest men I have ever known. After fighting in the Philippines during World War II, he talked his way past guards at a U.S….
