Can creditors still sue you for old debts?
Do you have old debts in the past that you haven’t paid and are wondering if the creditors can still come back now and collect from you after so many…
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
Do you have old debts in the past that you haven’t paid and are wondering if the creditors can still come back now and collect from you after so many…
YOU have not filed your income tax returns for the current year and previous years because: 1) you decided you are not required to file? 2) You are a victim…
Hypermarket operator LuLu Group International is planning to invest $1 million in the Philippines for its export venture of products such as fruits and vegetables, textiles, garments, furniture, and electronics….
IRS scores tax returns for audit. The higher the score, the more likelihood that you’ll be chosen for audit. 1. Scoring system: The IRS uses a Discriminant Function System (DIF)…
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…
DOUGLASs Troester worked as a shift supervisor of coffee giant, Starbucks Corporation. As shift supervisor, he performed store closing tasks where he transmitted daily sales, profit and loss, and store…
WHEN people are going through financial difficulty and are unable to pay their bills, their first reaction is often to ignore their debts and avoid contact with creditors. They think…
Free event on Aug. 4 & 5 features exhibitors, seminars, entertainment & food AN exciting summer weekend of Pinoy pride is coming up on August 4 and 5 at the South…
YOU may exclude from gross income gain from sale of principal residence under Internal Revenue Code Section 121. 1. You may be able to exclude gain of $250,000 or $500,000…
“Are you facing foreclosure and want to save your home? Chapter 13 will stop the foreclosure on its tracks and allow you five years to pay off the default while…
“AVisa workers come to work in the U.S. hoping to better their lives and their families’. They work hard, and are less likely to complain about substandard working conditions. There…
E-Filed Returns: • Electronic data are transmitted to a centralized Submission Processing Center. • Tax preparation software assigns a unique 14-digit Declaration Control Number to each return. • A unique…
I WAS counseling someone the other day in my office. He looked shocked and confused as we sorted through all the credit card statements on my desk and added up…
MAD Travel co-founder Tom Graham shares journey towards social tourism platform Whether it’s family, friends, pristine beaches, food, shopping, or business — people find themselves in the Philippines for a number of…
LOS ANGELES — In an effort to uplift the jobs market in the Philippines, the Philippine Trade and Investment Center and the Philippine Consulate General of LA hosted a “Trabaho,…
More than a hundred participants in wheelchairs, crutches and accompanied by caregivers, attended the first Emergency Preparedness Forum at the SMX Convention Center. Hosted by SM Cares, the Corporate Social…
(Part 2) IN part 1: We defined 1) who are resident aliens, nonresident aliens or both, 2) who are exempt individuals, and 3) closer connection exception. In part 2: We…
THE client is 55 and single. He appears to have no problems to worry about. He is self-employed and makes about $5,000 monthly teaching people a special skill. He has no…
PLDT group wins twin country awards for top mobile and fixed network PLDT and its wireless subsidiary Smart Communications, Inc. (Smart) have been cited for being the country’s fastest fixed…
Investment opportunities in the Philippines’ “alternative city” mapped out Manila, July 2018 – Plans to position the Clark Freeport and Special Economic Zone as a regional business and investment hub…
ONE of the purposes of the upcoming “Multi-City Travel,Trade & Consumer Roadshow” on Saturday, August 4 and Sunday, August 5, at the Southbay Pavilion in Carson, CA — spearheaded by…
Numbers don’t lie. Data, in fact, tell startling truths about a population niche in the United States whose profile may be low, but whose income leads most populations: Filipinos. A…
Q: AS a newly hired employee, I have seen discriminatory practices against women and older persons in the company. I reported these to upper management and I was told something…
THE classic “hobby loss” situation involves a professional or businessperson who starts Zumba classes, dog-breeding business or a farm. If the IRS determines that the Zumba, dog-breeding, or farm project…
BANKRUPTCY sure sounds like a scary word. And most people see it as an admission of financial failure. By declaring bankruptcy, they figure they are hitting rock bottom. But is…
Asian Americans now have the highest income inequality among all racial and ethnic groups, new Pew report shows Income inequality has been steadily rising for the last 50 years for…
WE may always think that as Filipinos, our culture dictates that we are expected to take care of our parents when they are no longer able to take care of…
There is never the perfect time to think about who you would like to inherit from your estate in case you pass away or at least who among your closest…
TECHNOLOGY has dramatically changed the way that people work and earn a living in the 21st century. Instead of the traditional employer-employee model, companies who need services obtain them from…
THE client is 57 and is recently divorced with two children, one in high school the other in college. She makes $40,000 yearly in middle management for a large corporation….