How to pay your taxes by installment
PREVIOUSLY, I discussed ways on how to request the IRS to reduce your tax liabilities, which is accomplished by means of an Offer in Compromise (OIC). In this article, I…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
Read More
Who needs to file bankruptcy?
NO ONE ever likes to talk about bankruptcy. However, it’s simply a fact of life. Things happen. Whether it’s losing your job, going through a divorce, having huge medical bills…
Living The American Dream
IT STARTED out simple. A local restaurant was up for sale near their home so Flores, then a commercial real estate agent in 1976, purchased it. It was a gift…
How to make bankruptcy work to your advantage
WHEN your financial circumstances are forcing you to declare bankruptcy, it is one way of dealing with debts that you can no longer manage on your own. Of course, the…
New Harp 2 Program: Still not your magic bullet
SINCE I started informing my readers about the Harp Refinancing program, I have been getting a high volume of calls inquiring about this. Thanks so much for your support and…
Asking IRS to reduce your tax debts
IF YOU owe a huge amount of taxes and are experiencing financial difficulties, don’t despair as there are remedies under the law which will help you avoid paying the whole…
Face debt problems now or they can come back to haunt you later
IF YOU are like a lot of people who have old, unpaid debts, collection accounts and judgments from their past that they don’t even remember, you may feel that it…
The new HARP 2 program
For qualified borrowers who might not have any equity to Refinance ASK about the the NEW FHA Streamline started June 11, 2012 with much lower PMI and almost 0 MIP….
Gokongweis’ Tenth Commandment – There can only be one boss
THE tenth and most important rule is that “there can only be one boss.” Lance explained that this rule is related to succession. The role of the family and owners…
How is the federal gov’t helping homeowners reduce mortgage payments?
THE key and only answer is because they are keeping lending rates at all time lows. I suggest you better stop, listen and act on this. Why? Because if you…
The First Elected Filipina and Woman of Color in the Manitoba Legislative Assembly
IN THE 2007 elections in Canada, Flor Marcelino, a Filipina businesswoman, made history as the first woman of color and first Filipina elected to the Manitoba Legislative Assembly for the…
What happens if you did not file a Tax Return?
By this time most of you must have filed your 2011 tax returns already, as the filing deadline on April 17 had long passed. But if you are among those…
Who is benefiting from the foreclosure markets?
IN MY opinion there is a big bad wolf that is always winning over any market we are in. It’s not the rich guy you here about buying up rental…
How to establish hardship while preparing for a short sale
IF YOU are considering Short Selling your property now, the first thing your lender will ask of you is what kind of hardship are you going thru? What do you…
Taxpayer rights
WITH the immense powers that the government wields over individuals, the founding fathers included in the United States Constitution the Bill of Rights to limit the exercise of governmental powers….
7th commandment: Being family is no guarantee of employment
Even if your family business is a model of harmony, it’s a good idea to think about how you’ll deal with conflicts before they arise. “There comes a time when…
4th commandment: ‘No work, no pay’
DOING business with family and friends can be very rewarding. It can also be very complicated and difficult. Anyway, doing business with loved ones has never been a neutral topic. …
Loan modification: Still showing signs of failure
THE worsening housing sector due to homes being underwater still has a great effect of our economies recovery, why are you not hearing this topic more often being resolve than…
Dental home care
YOUR personal home care plays an important role in maintaining healthy smile. Your personal home care starts by eating balanced meals, reducing the number of snacks you eat, and correctly using the…
Pay must be commensurate to productivity
THE Sixth Commandment is “pay must be based on contribution to the business”. Lance Gokongwei said that in order for the family member to live and think independently, the family…
Home prices finally hitting rock bottom: Is this the time to buy?
ZILLOW’S first-quarter home value report found that home values posted their biggest monthly gain since 2006 last month, rising 0.5% nationwide. The data show that 19 of the 30 largest…
Tooth enamel damage control
If you think that by brushing and flossing your teeth every day, you’re fulfilling your daily dental obligations, you’re halfway right. The other half involves using the correct techniques, and…
Personal assets should be kept separate from company assets
THERE’S an old saying that may be wiser today than ever: “East is east, and west is west; and never the twain shall meet.” This holds true in the case…
Is your short sale agent doing a good job for you?
SHORT selling your home is such an important and stressful step in your life and it’s the springboard into your future so you wont have anymore sleepless nights. It is…
Strategic defaulting: A moral issue ?
Dear Ken, WE ARE thinking about walking away from our home. We purchased our home in 2005 for $457,000. In December of 2006 we got a 2nd mortgage HELOC of…
Gokongweis’ commandment no. 3: No conflict of interest
“TO set aside one’s prejudices, one’s present needs, and one’s own self interest in making a decision as a director for a company is an intellectual exercise that takes constant…
Estate planning: It’s never too early or too late
T WAS a typical appointment on a busy tax season last April. A representative for a Hispanic male in his mid-60s visited my office for a living trust preparation. So…
The hip bone’s connected to the…jaw bone?
The lyrics to the old song, Dem Bones don’t connect the hipbone directly to your mouth, but a surgeon might, by canceling hip surgery if the patient is suffering from…
Things you should know about Loan Modification scams
LOAN Modification Scams are growing like wild fire and its consider white collar crime. In my opinion these types of crime are hard to prosecute and if prosecuted it gets…
10 commandments of the Gokongweis in family business
No in-laws! THIS is the first of 10 unwritten commandments which John Gokongwei, founder of the Gokongwei group of companies, followed in running the family business “the Gokongwei way.” (I…