Delinquent tax debt could mean revocation of your passport

IN February 2018, the IRS started certification of individuals with delinquent tax debt to the State Department. How will the IRS certification impact you? • Upon receipt of certification. The State Department will either deny application or revoke current passport or both. • You are overseas. Limited validity passport for direct return to the US…

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How to lose money in the stock market

(Part 1 of 4) LISTEN to friends and neighbors: Your friend had just hit the big time with a red-hot stock tip. This is big money. Mucho dinero. You follow suit and buy this random stock on impulse. There are some problems here. First, your friend is probably not telling you the whole story. Yes,…

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What’s new: Year-end review and planning

1. TAX identity theft is a significant threat. Fraudsters are more sophisticated and large breaches happening so frequently like the 2017 Equifax incident which affected many Americans, so beware if you: 1) Receive a notice or letter from the IRS regarding a tax return, tax bill or income that you are unaware or not familiar….

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Do you have too much debt? 

HOW can you answer a question like this? Let’s comment about debt. The Bible says that one should neither be a lender or a borrower. It does not seem to recommend the assumption of debt. Otherwise, it should say that there’s nothing wrong to be a borrower, but not a lender, or vice-versa. But the…

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Get out of debt safely and legally

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 option for you or are other options available? These days, you are constantly bombarded with advertising from companies and other professionals offering you their “solution”….

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Jollibee takes full control of Smashburger

U.S.-based burger chain Smashburger has been fully acquired by Jollibee Foods Corp. following the purchase of its remaining stake in the Filipino-owned fast-food chain for $10 million (P526 million). Jollibee first acquired Smashburger with an initial stake of 40 percent, which was later raised to 85 percent back in February. Jollibee, in a regulatory filing…

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How will filing bankruptcy change your life?

“While bankruptcy is not for everyone, millions upon millions of people who have no way of getting out of debt have found it to be the BEST thing that they ever did in their lives!” ONE of the common questions that I’m asked by people consulting with me about their debt problems is: “How will filing…

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Warren Buffett’s 10 investing basics (Part 2 of 4)

(THIS is a continuation of Part 1 from last week’s weekend edition of Asian Journal) Multi-billionaire Warren Buffett lives simply and adheres to basic but savvy investment principles. 6. Buy companies cheap • Warren Buffett is value investor. • He calculates an intrinsic value by examining what similar companies sell for. • He calculates the…

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Own a Piece of Japan: Elevate Your Lifestyle at The Seasons Residences

Federal Land partners with Nomura Real Estate Development and Isetan Mitsukoshi Holdings Ltd. to build The Seasons Residences and first Mitsukoshi Mall in the country Japan is known to be a world leader in state-of-the-art technology and design that lean towards functionality and elegant simplicity. Despite their modern way of life, the Japanese’s reverence for their…

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To people struggling with payday loans!

I’VE seen a rise in the number of cases with payday loans and they are becoming a common issue in bankruptcy filings. What happens to payday loans in bankruptcy? Payday loans are unsecured loans with outrageous interest rates (sometimes more than 1000% APR!!!).  If you can’t pay them off quickly, they can be a huge…

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Warren Buffett’s 10 investing basics

WARREN Buffett became one of the world’s richest people by adhering to simple doctrines.  Let’s learn from his simple living and savvy investing. 1. Be frugal • Multi-billionaire Warren Buffet lives in a modest house. • He has lived in the same humble house for the last 50 years. • He does not have a…

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House passes P3.75 trillion 2019 budget bill

THE proposed General Appropriations Act or the P3.757-trillion budget for 2019 has been passed on its third and final reading by the House of Representatives. The P3.757 trillion budget is meant to fund government projects and spending for the upcoming fiscal year, as reported by CNN Philippines. Lawmakers on Tuesday, November 27, approved the House…

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What’s new: Tax Cuts and Jobs Act (Part 5)

HOW you will benefit from standard deduction versus itemized deduction. To maximize your deduction, you take the larger of standard deduction or total amount of itemized deductions by bunching itemized deductions in 2018 and taking standard deduction in 2019, and so on. • Standard deduction: $12,000 for single or married filing separate; $24,000 for married…

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Business Innovation Congress Manila 2018 calls to take advantage of technology to meet evolving consumer needs

Pasay City, November 25, 2018—Following its success in China, Kazakhstan, Russia, and Thailand, the Business Innovation Congress opened its first congress in the Philippines at Conrad Manila with the theme: “Business Transformation in a Digital Ecosystem.” “Business Innovation Congress aims to support local businesses in exploring future industrial trends as well as promote Philippines as…

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Should employers provide seats for their employees?

“California law generally requires employers to provide suitable seats to employees when the nature of the work reasonably permits the use of seats. Calfornia courts have clarified that the phrase ‘nature of the work’ refers to the employee’s actual or expected tasks at a given location, and not to the entire range of an employee’s…

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Seniors consider Chapter 13 relief for $80K credit cards

“Once the trustee and his lawyers start to administer the bankruptcy estate assets, they will make a lot of money. I understand that the moneymaking bankruptcies are offset by the money-losing bankruptcies; so in the end, of course, the trustee has to stay ahead of his expenses.” THE clients are married to each other and they are…

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Palace: Details of PH and China deals to be released

Amid critics calling for transparency, Malacañang has promised it will issue the details concerning the deals signed during Chinese President Xi Jinping’s official two-day visit to the Philippines earlier this week. On Tuesday, November 20, Xi and Philippine President Rodrigo Duterte signed 29 agreements, concerning oil and gas, trade and investment, banking and finance, infrastructure,…

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