Should a husband and wife place rental properties into an LLC?
Background A LIMITED Liability Company is referred to as “LLC.” A husband and wife can form an LLC for their real estate properties. You can choose the type of entity…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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Helping consumers fight insurance bad faith
WHEN insurance companies issue a policy, they promise that they will take care of their policyholders when they suffer a serious loss to their home, their car, or their health….
Stay healthy and save money with preventative dental care
Many people admit that they only visit the dentist when they feel something is wrong. If you don’t wait until it’s too late, your visit can be comfortable and convenient….
Chapter 13: Make your home and debt payments more affordable
CHAPTER 13 is the section of the US Bankruptcy Code that allows individuals in the United States to reorganize their finances. If you are having difficulty paying your debts (credit…
Damage intentionally caused to foreclosed house not dischargeable
“ As already explained, there is no question that the debtor subjectively intended to cause injury to INB’s interest in the residence. The debtor admitted to being involved in removing…
Should you form an LLC?
A LIMITED Liability Company (LLC) is a new form of hybrid business association that combines the advantages of a corporation with the flexibility of a partnership. Let’s explore the advantages…
Handling serious injuries or a wrongful death
ACCIDENTS that result in serious injuries affect the injured person and his/her family in significant ways. Rights to medical treatments, including who should pay for past and future medical expenses,…
Mediating mouth misery
Whether it’s a sports injury, a slip and fall, or perhaps a confrontation with a boxing wannabe, you or someone in your company may suffer the bad luck of having…
Are your finances out of control?
FOR a lot of people, financial concerns can be their number one cause of stress. We are living in difficult financial times and a lot of people are worried about…
Troubled by debt? Seek comfort in Psalm 23
SUFFERING is part of the human condition. Adam and Eve introduced pain and suffering to mankind when they ate of the forbidden fruit. Adam blamed Eve for convincing him to…
How to avoid IRS audits in 2013
1. E-FILE. When you e-file, your chance of getting an error notice from the IRS is significantly reduced. Besides, it’s faster. Your refunds arrive sooner. 2. Check your occupation. Your…
Protecting your rights under a disability insurance
A DISABILITY insurance policy pays benefits when you are unable to work because of injury or illness. This allows you to meet your financial obligations, such as mortgage payments, or…
Dream homes maybe more of an illusion
HOUSES may not be homes, but homes could certainly be houses people live in. What happened in this previous housing crisis taught us an important lesson. Economic and demographic changes…
Should employees be paid for time spent on security checks at work?
LAST month, we discussed how unpaid wages were sought in a class action lawsuit filed against Dole Food Company by employees who claimed they were not paid for the time…
Looking back: The unfolding of the real estate crisis
I HAVE recently been following this website called, SellYourHome.com it has a lot of interesting topics about the real estate industry including a certain topics about homeowners in need of…
Can BK trustee sell debtor's father's house if debtor's name is on title?
SOMETIMES parents put their children’s names on title to their residence even if the parents intend to keep the residence as their own as they continue to pay all expenses…
Deal with debt problems now or you may regret later
YOUR debt problems may be undeniable. You know they are there and they will not go away until you do something about them. Perhaps at some point, you took the…
Suffering because of too much debt? Think of the sufferings of Job
MANY clients tell me that they cannot sleep and suffering much because their creditors are hounding them day and night. The IRS has garnished their wages. They are being sued…
Murphy’s Global Law: A brighter side of life
LET’S enjoy some of Murphy’s Laws as we recover from tax season stress. Law of the alibi If you tell the boss you were late for work because of a…
Seniors must guard against financial elder abuse
ELDER abuse is the neglect, exploitation or “painful or harmful” mistreatment of anyone who is 65 years or older or any disabled dependent adult aged 18 to 64. It may…
Should you still do a short sale when home prices might be going up?
THAT is an excellent question, ever since the mortgage meltdown occurred and I started getting calls from distressed homeowners. I have always insisted for homeowners to see beyond 2-3 years…
‘Aspiring to new heights’
NOEL Alumit is always on the way up. Maybe it’s because he’s a Capricorn and was born in the Year of the Ram, he theorizes to Radar Online. “I’m a…
Why your smile prefers water over soft drinks
HERE are some interesting stats about soft drinks: • The average soft drink serving size has tripled since the 1950s. • The average person drinks about 45 gallons of soda…
Pain-free, decay-free?
You’d schedule a dental appointment if you have a chronic toothache, probably suspecting a cavity. However, do toothache-free mouths signal cavity-free teeth? Not necessarily, and here’s why. Decayed teeth may…
Would this be the last year to short sale your house?
I BELIEVE that 2013 is going to be the “year of the short sale.” And THAT is a good thing! As I have always mentioned in the past, lenders will…
Disability protections are extended to pregnant employees
CAN the employer legally fire a pregnant employee, who, after using up all her leave under California’s Pregnancy Disability Leave Law (the pregnancy law), is still unable to return to…
Let’s review a few rules on federal, state, and local taxes
1. CALIFORNIA State Income Taxes in box 24 of your W2 are deductible. So are quarterly estimates paid by self-employed and subcontractor taxpayers. TIP: Time the payment of your estimates…
New loan modification program coming in July 2013
DUE to obvious delays and failed attempted to help struggling homeowners, the two leading agencies Fannie Mae and Freddie Mac who owns or guarantee more than half of all US…
Easter: The day Jesus resurrected from the dead to prove that He is the Son of God
LAST Sunday was Easter Sunday celebrated by Christians all over the world as the greatest event in human history. This is the day when Jesus Christ, who died three days…
Is bankruptcy the right choice for you?
Are you currently overwhelmed with debt problems that you can no longer handle on your own? Thinking about filing for bankruptcy but are afraid to make a decision? Do you…