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…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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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…
California to run on 100% clean electricity by 2045
Gov. Brown signs new bill that aims to combat damaging effects of climate change Governor Jerry Brown signed two measures on Monday, Sept. 10 aiming to convert California to 100…
Does shrinking IRS budget reduce your chance of being audited?
YES, shrinking budget reduces your chance of getting grilled by the IRS. • The main reason for the decline: IRS budget and staff levels are down. • Tax collectors are…
Single mom seeks Chapter 7 relief from $60K credit cards
THE client is 50 and got divorced 10 years ago. Her ex-husband decided that working was not good for him so he just disappeared. They had one daughter that client…
Are you paying your employer’s costs of doing business?
(Your rights to reimbursements may be significant) Q: AS part of my work, I travel to clients using my own car and I pay for gas. I also make several…
Here’s how you can 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…
LA County launches new tracking technology to help find missing people with autism, Alzheimer’s
LA Found is a new initiative aimed to quickly locate individuals with cognitive impairments who wander and go missing Los Angeles County officials and health organizations on Wednesday, Sept. 5…
Villar rises to second richest in PH, next to Henry Sy
Real estate tycoon and former politician Manuel “Manny” Villar is now the Philippines’ second richest man after his wealth tripled due to the boom in the construction business that benefited…
Duterte to create department to improve doing businesses in PH
Philippine President Rodrigo Duterte on Thursday, September 6 announce the creation of a department that would ease up the business process in the country for foreign investors. In his speech…