Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
“Independent contractors” lose employment rights “The most important factor to consider whether a worker is an employee or an IC is the employer’s right to control the worker in performing the…
HOW do you answer this question? Let’s check what the Bible has to say about debt. The Bible says that one should neither be a lender or borrower. It does…
IF you’ve ever been in a situation in your life where you had to file bankruptcy as a last resort in order to get out of debt, you know exactly…
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…
Reporting kickbacks and irregularities are protected activities STEVEN Babyak worked as a regional sales manager for Cardiovascular Systems, Inc., a medical device manufacturer. Throughout his three years at the company, he…
CLIENT is 50, divorced and used to own a business that had a commercial lease for retail space. He operated the business for 10 years. On the 11th year, sales…
ARE you in debt and in a constant state of worrying about your financial situation? Perhaps like most people you live paycheck to paycheck and are barely surviving but you’ve…
There are three basic types of IRS audits: correspondence, office, and field examinations. A. Correspondence audits are generally used for specific questions that can easily be verified. B. Office audits…
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…
“If the employee worked more than 12 hours in a work day or in excess of 8 hours on the seventh day in a work week, the employee is entitled…
THERE are three basic types of IRS audits: correspondence, office, and field examinations. Let’s discuss correspondence audits. 1. Do not be afraid to open mails from the IRS. If you…
A LOT of people in debt are in denial about their situation so they go about their lives pretending that everything is OK- until one day they find themselves in…
THE bills described in this Rental Property Owner and Mangers Guide are rental housing related bills that were signed into law in 2016 and become effective January 1, 2017 unless…
Businessman considers bankruptcy for $400K lawsuit I ASKED him if he owed any debts. He said he owed $60K of credit card debt but that they were all still current….
CHRISTOPHER Mendoza and Meagan Gordon are former sales associates of Nordstrom, Inc., a retail chain with locations throughout California. Mendoza and Gordon worked more than six consecutive days in a…
1. DON’T volunteer information. A typical agent is a low-key, friendly agent. They get your guard down by playing a nice guy role. Don’t be deceived by it. Remember that…
IF you’ve ever found yourself financially broke or buried in debt at one point in your life, I’m sure you still remember how it felt. The feelings of despair and…
THE landlord or its representative must give the tenant a reasonable written notice in advance before entering the unit, and can enter only during normal business hours generally, 8 a.m….
CLIENTis 48, married, and has a good job paying him $100K gross a year. A family emergency has caused him some financial hardship because money meant to pay for the…
“ If you are saddled with debt, now is the time to get them discharged. Better now than later when you are about to retire. ” CLIENT is 48, married,…
Q: I worked in a company for over 10 years. A new supervisor and I do not get along. Last week, the company let me go without any explanation. I…
“ Avoid low gross receipts and few but unusually high expenses.” 1. DO not hide interest and dividend income from the IRS, even if your spouse may not be aware…
HAVE you ever faced a situation in your life where you needed help so badly but you were just too afraid to ask for it? Perhaps you felt confused and…
Q: TWO WEEKS AGO I WAS FIRED FROM WORK. MY EMPLOYER TOLD ME MY LAST PAYCHECK WILL BE MAILED TO ME BY NEXT PAYDAY. I HAVE NOT RECEIVED IT YET….
YOUR credit card payments are past due. You’re confused and don’t know what to do. The bill collectors are calling you non-stop and writing you threatening letters. What do you…
HOW do you determine if the person visiting you either at your business or at home or calling you are not an IRS imposter? Look for two forms of credentials….
“ If you are saddled with debt, now is the time to get them discharged.Better now than later.” CLIENT is 48, married and has a good job paying him $100K…
Someone uses your social security number to file a fraudulent tax return to claim a refund or get a job. An employer’s tax identification is stolen to create a false…
Q:I WORK as a nurse at a hospital that has a strict policy of no unapproved overtime, and no going on breaks unless we are relieved by another nurse. We…
BE conservative with deductions if you want to avoid audits. Be aggressive and you increase your risk of IRS scrutiny. Play the odds and you invite an audit. The question…
