IRS audits have been dominated by examination of Schedule C for taxpayers who conduct their businesses as sole proprietors (instead of corporation or LLC). This includes professionals, technicians, and independent…
“There are special laws that allow middle class families to avoid paying thousands of dollars out of their pocket monthly for nursing home care, assisted living care and home care….
National origin is not a bar to recovery Immigrants are a growing part of the labor force in the United States. According to the Bureau of Labor Statistics, in 2014,…
How long do you have to keep tax records? How long can the IRS audit your tax returns? Let’s discuss 10 tips on statute of limitations so you can clean…
Deciding if bankruptcy is right for you can be one of the most important decisions you’ll ever make in your life. As much as possible, most people try to avoid…
Client seeks Chapter 11 reorganization to save business; senior seeks Chapter 13 reorganization instead of reverse mortgage after two loan modification denials CLIENT NO. 1 is 58. Divorced and remarried. He…
Privacy suit filed against doctor and hospital Norma Lozano was a patient at UCLA Medical Center. According to the Daily Journal, she had been fighting with Dedreck Harris, her ex-boyfriend….
The IRS issued new guidance requiring individuals with an interest in a “specified foreign financial asset” to attach a disclosure statement to your income tax return for any year in…
Life is all about making choices. The choices we make today determine our future. What will my life be like 3, 5 or 10 years for now? Will I be…
Get rid of your debts now and get a head start to live up to 120! CLIENT no. 1 Client is 65. She presents her financial problem thus. Both she…
Mayra Casas worked as a sales clerk for Victoria’s Secret in one of the company’s California stores. Casas claimed that she, and other employees, were required by the company to…
New Foreign bank account rules were designed to combat money laundering, terrorism, and tax evasion. Unfortunately, folks like you and me get snared in the process. We get penalized if…
The last few years have been financially difficult for a lot of people. When the real estate marked crashed a few years ago, millions of people found themselves with a…
SECTION 707 (b) of the bankruptcy code is the provision that allows the dismissal of a Chapter 7 case if there is a “presumption of abuse” of bankruptcy law. This…
ROBERT Wascher, M.D. began working as a cancer surgeon for Southern California Permanente Medical Group (“Kaiser”) in 2009. He was the only specialty-trained cancer surgeon for Kaiser’s 440,000 patients in…
IF you have offshore bank accounts, should you report the accounts to the U.S. government? Yes, if the aggregate balances exceed $10,000 at any time during the year. What if…
BANKRUPTCY is a bad word every business owner is working hard to avoid. And, yet, it’s also a tool given to entrepreneurs as an encouragement to take risks and be…
Wildly succesful people who sought fresh start with bankruptcy ARTICLE I, Section 8, of the United States Constitution authorizes Congress to enact “uniform Laws on the subject of Bankruptcies.” Under this…
Employer’s failure may be disability discrimination PATRICIA Hancock was a warehouse worker for Time Warner Cable for 8 years in its Bellflower facility. Part of her job was to pull heavy…
THERE are three basic types of IRS audits: correspondence, office, and field examinations. Today’s topics are correspondence audits, the simplest of the three. Here are 10 tips for you: 1….
ARE you sick and tired of being in debt and having bad credit? Do you want to start over but simply don’t know where to begin? Is filing bankruptcy an…
Young seniors seek chapter 7 relief for $26K credit card debts SECTION 523(a)(4) and (a)(6) of the bankruptcy code states that any debt that arises from “fraud or defalcation while…
“ California law allows employers to require its employees to wear uniforms as a condition of employment. Employers may prescribe the weight, color, texture, style, form, and make of uniforms…
Choosing the proper entity for your business (Part 4 of 5) LIMITED LIABILITY COMPANY (LLC) is a hybrid that combines the pass-through attributes of a partnership with the limited liability…
IN 1912, the sinking of the mighty ship called the “Titanic” sent 1,516 people to a watery grave. The “Titanic”, first thought to be unsinkable, sank to the bottom of…
Tell me about your day. Do you find yourself working into the wee hours of the night thinking about customers and growing your business? Do you believe that saving a…
Senior seeks Chapter 7 relief for $5K debt THERE are clients who received a large amount of cash before they file for bankruptcy. They may have received cash from a…
SEARS Department Store in North Hollywood, California, hired Alejandro Gamiz in 2005 as a maintenance worker. From 2009 to 2012, while working for Sears, Gamiz created peep holes in the…
Choosing the proper entity for your business (Part 3 of 5) S CORPORATION is a corporation that has elected to be taxed under Subchapter S of the Internal Revenue Code. This…
A CLIENT of mine said he never saw it coming. Everything he ever wanted in life, he always purchased on credit. The “pre-approved” credit cards just kept coming in the…
