Client with good income seeks Chapter 7 or Chapter 13 relief for $84K credit cards
CLIENT is 58. He is not divorced but separated for 20 years. His income is good. He nets about $7K to $8K a month. He lives by himself and does…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
Read More
19th Asian Small Business Expo promises to cultivate new generation of entrepreneurs
Starting your own business is always going to have risks. Maybe you’re making a career shift and decided to pursue your passion. Or maybe you want to upgrade your current…
PH Agriculture Sec. Piñol visits Washington, highlights PH agri cooperation with US
WASHINGTON, D.C. – After attending the High-Level Meeting on the Implementation of the United Nations Decade of Family Farming (2019-2028) in New York held at the margins of the 73rd Session…
Reporting requirements for US citizens abroad
U.S. citizens are generally taxed on their worldwide income regardless of where the income is earned or received. A U.S. citizen who earns income in a foreign country may also…
Garcetti talks tech innovation, talents in LA at Makers Summit
Innovation in the 21st century could be summed up into one word: startup. The ubiquity of the Internet, social media and smartphones into our daily lives has established the new…
Filipino survivors of human labor trafficking bring “Employers” to justice
EARLY this month, state and local law enforcement arrested employers who were operating adult residential and child care facilities in the Bay Area. The employers were charged with human trafficking…
What are the pros and cons of filing for bankruptcy?
LET’S assume that you have incurred too much debt. What do I mean by too much debt? By this I mean that you are now a slave to creditors because…
3 reasons why filing bankruptcy might make sense for your situation
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…
What do you bring to an IRS audit?
THE IRS will tell you what records to bring to an audit. The requested documents varies based on your situation. They will need support for income that you report and…
Price surges major concern among Filipinos, says poll
MAJORITY of Filipinos want the current administration to immediately address rising prices of basic goods and services. The figures from the September 2018 Ulat ng Bayan revealed that 63 percent…
32 years of serving Filipino kababayans with safe and reliable door-to-door service since 1986
Customer’s satisfaction has always been the company’s top priority MON Cargo Services, Inc. the pioneer in door-to-door delivery services to the Philippines in the Bay Area celebrates its 32nd year…
PH Consulate General in Honolulu Inaugurates Chancery Construction, Renovation Project
HONOLULU 26 September 2018 – To ensure fast and efficient service to the public, the Philippine Consulate General in Honolulu will construct a new consular annex building and renovate its…
Do you have enough witholding?
Part 2 THE US tax system is on a pay-as-you-go basis. Taxpayers are required to pay most of the tax liabilities during the same year they earn the income. If…
Bank forcloses on client’s house despite Chapter 13 filing
Seniors choose Chapter 7 to discharge $30K and $10K credit cards CLIENT is 47, single and a registered nurse. Her income is good at $80K a year. She has no…
Don’t make these mistakes if you are filing bankruptcy
IF you are considering bankruptcy as a last resort to solve your debt problems, it is important for you to have your case evaluated by a professional who can advise…
Client files adversary against debtor for $370K
THE client is a foreign company that has been doing business with a California company since 2012. The client is one of the world’s largest manufacturers of a certain kind…
Same-sex harassment at work equally illegal
(Employer’s failure to prevent is actionable) COLE H worked as a truck driver for Beverly Fabrics for eight years. During the last 5 years of his employment, he experienced bullying…
What happens after an IRS audit is completed?
WHEN an audit is completed, you will be notified of the Agency’s determination: 1. No change: IRS accepts your returns as filed. You will be asked to sign the examination report….
Documentary highlights Facebook ‘cleaners’
‘The Cleaners’ to be shown at 8th Human Rights Documentary Film Festival in Hong Kong MILLIONS of new content are uploaded to the internet every single day, entering the timelines and…
One long ride through history
The evolution of the automobile in the United States IF one would imagine a time when there were no cars to take people places, one would have to travel way…
How to choose the right vehicle for you
BUYING a car is a huge decision. Next to a home, it’s probably the second most important purchase anyone can make. But with the influx of new car models and…
Haggling your way for the best car price
Tips and hacks on how to negotiate when buying a car ACQUIRING an automobile to take you places can be a necessity, luxury or privilege. It could even be all…
Do you have enough withholding?
THE new tax law could have an impact on how much your employer should withhold from your paycheck. Too little withholding from your paycheck could mean large unexpected tax bill…
Fil-Am nurse sentenced for $1-M Ponzi scheme
A Filipina-American nurse from Dallas, Texas was sentenced last week for orchestrating a Ponzi scheme that cost victims — many of whom were also Filipino nurses — over $1 million….
Is going to an unethical tax preparer dangerous?
YES, it can be. Going to a tax preparer who increases your refunds with phantom deductions is dangerous. You may have to return that nice refund … and more, sometimes…
Taking leave from work to care for sick family members is protected by law
Q:I HAVE been working for 5 years in a Los Angeles company with 52 employees. I requested a leave of absence from work to care for my sick 21 year-old…
To people who know they need to file bankruptcy but are afraid to do so
“If you own a home and have assets that may be at risk if you were sued by your creditors, it is in your best interest to find out how…
How does the bankruptcy means test work?
WHAT is the means test in bankruptcy? It’s a method for calculating what your household income is for the purpose of determining if you qualify for Chapter 7 or Chapter…
Duterte blames Trump for inflation as locals and leaders point back to TRAIN law
During his speech in front of the Filipino community in Jordan last Friday, September 7, President Rodrigo Duterte blamed U.S. President Donald Trump as the cause of the current inflation…
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…