Bankruptcy: Don’t let your past decide your future
AS a Bankruptcy Attorney for the last 18 years, I have counseled thousands of individuals with all types of debt problems. A lot of these people often feel tired and…
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
AS a Bankruptcy Attorney for the last 18 years, I have counseled thousands of individuals with all types of debt problems. A lot of these people often feel tired and…
FOR taxpayers who itemize their deductions, the chart below should be of interest. But for those who take the odds, this chart should be of very special interest. While it…
87-Year-old senior seeks chapter 7 relief I REPRESENTED a foreign company with a $250K claim for a forty foot container of manufactured goods that it delivered to the debtor…
KEEP a low audit profile. It reduces risk of an audit. Here are some tips to keep the IRS from auditing your tax returns: • Make sure that social security…
Senior files same to discharge $70k credit cards When I say young senior, I mean 60. She’s a single mom with two adult daughters who are over the age of 21….
“ Larry Itliong, his struggles, and his legacy continue to be relevant to the workers of today, particularly immigrant workers who face similar challenges in the workplace. For example, present-day…
Individuals and businesses in all 50 states pay federal income tax. Residents in 41 states also pay state income tax while nine states have no state income taxes. Here are…
“ The legislative intent of Congress in passing our bankruptcy laws is to allow a fresh start to those honest individuals who have found it impossible to cope with debt…
You may be liable for U.S. self-employment taxes if you have become an independent contractor either for a new employer or a foreign employer with no ties to the U.S….
Senior wants Chapter 7 to wipe out $22K credit card debt “ Some credit cards specialize in giving credit to people who have come out of Chapter 7. Chapter 7 is…
Q: I WAS diagnosed with herniated disc and severe anxiety. I want to request leave but want to keep my privacy at work. Do I need to tell my employer…
1. THE failure-to-file penalty is generally more than the failure-to-pay penalty. If you cannot pay all the taxes you owe, file to prevent that more costly failure-to-file penalty. 2. The…
HOW much debt is too much? Are you worried that you have accumulated more debt than you can afford to pay back? Are you feeling depressed, frustrated, hopeless or maybe…
YOU may be liable for US self-employment taxes if you have become an independent contractor either for a new employer or a foreign employer with no ties to the US….
(Part 2 in series of seniors) THE Original Medicare has Part A and Part B. Part A covers inpatient services like hospitalization. Part B covers outpatient services. In 2006, prescription…
Client files chapter 7 for $40K credit cards CLIENTS are seniors. Husband is 72. Wife is 71. Both are retired and receiving combined social security and pension total of $4,015/mo….
THERE are valid overtime or meal break claims that may be too small to require a lawsuit. The litigation may cost too much and the payoff for one employee may…
• FILE Electronically – Consider filing electronically instead of using paper tax forms. If you file electronically and choose direct deposit, you will receive your refund faster. 2. Check social…
ONE common misconception people have is that if they file bankruptcy, they will lose everything that they’ve worked hard for. For this reason, a lot of people continue to suffer…
The Organization of Chinese Americans (OCA) of Las Vegas presented its 4th Annual ICON Awards on Monday, Sept. 26 at Spanish Trails. this year’s ICON Award honorees are: Dr. Zhian…
(Part 2) WE talked about other payment plans in our other newsletter. Now let us explore Offer-in-Compromise “OIC” under Code section 7122. OIC is a tax liability settlement agreement of…
WHEN succession goes very wrong, it can be fatal. The case of Mayfull Foods Corp. is a lesson to founders and family business leaders in Asia not to take succession…
CLIENTS are young seniors at 60. Husband has a stable middle management job that pays $5K a month. Wife is not employed. They don’t own a house. They rent for…
ON Christmas night in 2013, 19-year-old Asa James Dolak was having a domestic dispute with his ex-girlfriend, who is also the mother of his two-year-old son. The dispute ended with…
MANY financially distressed borrowers lost their homes and had their loans cancelled during and after the recession. It was a relief to have their debts reduced or forgiven, but the…
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…
COMEDIAN George Wallace was performing one night at the Flamingo Las Vegas when he approached an elderly lady in the audience. She stood up and he asked her a simple…
SENIORS who are 65 and older have 5 ways of getting health insurance. What are they? Employerbased insurance, Covered CA, outside of Covered CA (also known as Off Exchange), MediCal…
Senior files chapter 7 to discharge $40K credit cards CLIENT is a foreign company doing business with a California company since 2012. Client is one of the world’s largest manufacturers of…
SINCE its inception three decades ago, the ombudsman program has investigated elder abuse and other complaints on behalf of residents of California’s 1,300 nursing homes and more than 8,000 assisted…