Burdened by debt? The king of kings will give you rest
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…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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10 tips on dependents and exemptions
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…
When is an employment termination illegal?
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,…
Statute of Limitations 101 – How Long Must You Keep Records?
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…
Why do people file bankruptcy?
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…
Improve your oral health by improving your posture
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…
Worried about debt? Depend on Jesus
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…
Protecting the rights of undocumented workers
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…
Bankruptcy: Because life doesn’t always go as planned
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…
Worried about debt? Think of Adam’s restriction
In America, it doesn’t matter who you are, what your race is, what your religion is, you can succeed. You study, you work, you build up business and you live…
10 tips on child / dependent care
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….
Are deductions on your wages legal?
Q: I WORK at a service-oriented business here in California as an hourly employee. We are required to wear a uniform. We can only get the uniform from our employer…
Don’t make this mistake if you are facing foreclosure
You already know that your home is in foreclosure. You’ve received the dreaded Notice of Default. You know that after 90 days, your lender could schedule a Trustee Sale for…
Good morning, sunshine! How’s your breath?
NO NEED TO BE EMBARRASSED! We all experience morning breath?from time to time. Typically, our morning brushing routines get rid of it. But people wonder where morning breath comes from—and…
Your debts and the Tower of Babel
(Part 2) LAST week, we talked about the tower of Babel which is located 30 miles from the modern city of Baghdad in Iraq. We destroyed the tower with cruise…
Should your company pay wages by cash?
SOME business establishments pay cash wages “under the table.” Why? Is it worth it? What are the risks? What does paying cash wages ‘under the table’ mean? This common phrase…
Can you be sued for texting someone who is driving ?
Finding other sources of payment for the seriously injured LINDA and David Kubert were riding on their motorcycle when eighteen-year-old Kyle Best, who was driving and texting, crossed the center-line…
Bankruptcy: Life’s not fair but there’s always hope
“I can’t believe this is happening to me. Life’s not fair. I haven’t done anything bad. Why do I feel like I’m being punished for something I didn’t do?” These…
Your debt problems and the Tower of Babel
PREVIOUSLY, we talked about Noah who was instructed by God, my God, the God of Moses and Israel, who sent His only and beloved Son Jesus Christ, to us and…
IRS to expand audits to prior year and subsequent years
THE Treasury Inspector General for Tax Administration (TIGTA, an agency that oversees the IRS) instructed the IRS to expand audits to prior and subsequent years. This means that if IRS…
Jury awards $3.25 million to employee for discrimination and retaliation
DISCRIMINATION based on disability, race, sex, or other protected characteristics are prohibited by law. The law prohibits not only intentional discrimination, but also practices that have the effect of discriminating…
Great news for borrowers with foreclosure or short sales
THIS article is from bankrate.com. As I have been hoping with predicting is that lenders will continuously change guidelines to help homeowners that went thru the recent mortgage crisis due…
Don’t let excessive Debt ruin your future
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…
3rd Case Report of California Certified PA (Public Insurance Adjuster) Jae Park; Water loss at Diamond Bar, California.
3rd Case Report of California Certified PA (Public Insurance Adjuster) Jae Park On March 2012, a homeowner of two-story single-family home in the Los Angeles County community of Rowland Heights…
Inherited IRA not exempt in bankruptcy
YOUR father’s last will and testament gives you his IRA of $180,000. He died yesterday. Next week you file for Chapter 7 bankruptcy relief because your credit card debt of…
The two main ingredients of our housing recovery is still missing
THE News again is very confusing, one day you will hear market condition is getting better, the next time you tune into your news you will hear that all of…
How employees can protect their rights at work
EMPLOYEES may experience unfair practices at work such as the non-payment of overtime or missed breaks, wrongful termination, unlawful deductions, discrimination, or sexual harassment. How can employees protect themselves against…
Don’t know what to do about debt problems?
IF YOU are searching for debt reduction solutions, no doubt you’ve been inundated with advertisements for various debt management programs, companies and solutions. The choices seem confusing to the average…
Your giant debt problems and David & Goliath
GOLIATH was a Philistine giant who was 9 feet tall. The Philistine army had gathered for war against Israel. The two armies faced each other. Israel’s army was led by…
Should you file a tax return even if you are not required to?
LET’S discuss reasons why you should consider filing, even you are not required to: 1. You expect a refund. You have credits that can generate a refund – from taxes…