10 recordkeeping tips for your tax files
1. IRS wants you to keep good records to document your income and support your expenses. It does not require you to keep records in any specific manner, but there…
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
1. IRS wants you to keep good records to document your income and support your expenses. It does not require you to keep records in any specific manner, but there…
Q: I WORK as an assistant manager for a retail store. I am a salaried employee and exempt from overtime. Upper management requires me to multi-task and do the work…
Are you struggling with debt problems? Are you doing your best to pay but simply can’t? Have you thought of filing bankruptcy but are afraid that this might not be…
IT IS hard to imagine why you should not worry about your debt problems, right? Probably everyone reading this article thinks that the right thing to do if you have…
MORE employment laws were recently passed by California’s lawmakers. These include: New minimum wage laws to take effect in 2014 The new law raises the $8 an hour minimum wage…
MAKING the decision to file bankruptcy can be a painstaking process that most people put off until they realize that they have no other way out of debt. Unfortunately, however,…
Today, modern dentistry helps people keep their smiles for life DURING generations past, lost teeth were considered an inevitable consequence of aging. Now we know how to better care for…
WE worry about so many things that are not on the right track in our lives. We worry about our children and their future. We worry about our retirement. Are…
WHEN buying and selling real estate, there is always that inevitable question: how do you hold title? Remember that your choice can have dramatic impact on estate taxes, liability protection,…
THE struggle to help immigrant workers enforce their basic labor rights recently gained a major boost in California with the passage of new employment laws. Two laws are intended to…
Eight years ago, Congress passed new federal laws that made it tougher to file personal bankruptcy. This happened at a time when thousands of families were living in financial distress…
MANY debtors feel that their debt problems have placed them in a lions’ den because they feel that their debts will swallow them up alive. Every month every creditor must…
OUR column usually focuses on serious (and sometimes boring) subjects of tax and finance. Let’s depart from that dull setting and explore the lighter world of Murphy’s Law: 1. If…
ON Sept. 26, 2013, Gov. Jerry Brown signed into law a bill that entitles personal attendants, which include caregivers and nannies working in private households, to overtime pay if they…
With the proliferation of credit cards in our society, it’s not difficult for credit card debts to get out of hand. Once you’re caught in the credit card debt trap,…
NO doubt you’ve heard that vitamins and minerals are good for your overall health. But did you know that many of those same vitamins and minerals are very important to…
DEBT problems can become a recurring nightmare for debtors who think they can handle debt problems by themselves. I have told you many times before that if you have debt…
1. File Electronically – Consider filing electronically instead of using paper tax forms. If you file electronically and choose direct deposit, you will receive your refund faster. 2. Check social…
(Employer’s Verbal Disclosure of Employee’s Medical Condition May Be Illegal) MELISSA Ignat worked for Yum! Brands, the corporate parent of several fast-food franchises, such as Taco Bell, Pizza Hut, and…
Almost every week, my office gets phone calls from people in debt who have been taken advantage of by so-called “debt settlement companies”. These are the companies who advertise on…
4th Case Report of PA Jae Park A doctor couple (whom I’ll refer to as Mr. P) in their thirties, who immigrated from South Asia, lived in a two-story single-family…
TOO much debt becomes an enormous emotional problem for the debtor. I am reminded of my client 20 years ago who killed himself by shooting himself in the chest. By…
1. YOU may claim exemptions for yourself, your spouse and your dependents. 2. Dependents must have a Social Security number (TIN is not good enough). 3. Exemption amount is $3,800…
Q: I WORKED in a company for more than 10 years. A new supervisor was recently transferred to my department. This person and I do not get along. Last week,…
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…
You have probably heard a lot of ‘negative things’ about bankruptcy- how it may be the worst mistake you could ever make, that you will never be able to get…
INTUITIVELY, you probably know that better posture is good for your back, neck, etc. But what you may not know is that better posture is good for your oral health too! It’s…
PEOPLE with debts problems are worried sick about their debts. Almost daily, clients tell me that they cannot sleep and very worried about their debts. They have long faces and…
OSFEL Andrade, an immigrant from Mexico, worked in the shipping department of Terra Universal, a laboratory equipment manufacturer in Fullerton, California when immigration agents conducted a worksite raid on June…
LIFE just happens. Sometimes even the best laid plans can go wrong. How do you respond when this happens to you? Do you easily give up when you’re overwhelmed? Remaining…