Protecting your home
IN my last article, I explained why it is absolute necessary to qualify for Medi-Cal and get the government to pay for nursing home care for an ailing parent or…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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Pay discrimination affect women of all wage levels
ACCORDING to the National Equal Pay Task Force, for every $1 that men earn, women earn only $0.79. This is true for nearly all industries and for most women in…
10 excuses to abate penalties for late filing or paying taxes
IF you fail to file on time or pay on time, penalties kick in. Here are 10 reasonable causes to abate (forgive) penalties for late filing or late paying: 1….
Filing bankruptcy when necessary to solve debt problems
ARE you seriously in debt and thinking of filing bankruptcy as a last resort? Individuals who have accumulated excessive debt are often left to ponder whether they should file bankruptcy…
Probate, will, living trusts
(Part 2 – Basics) ESTATE planning is simply how you want your assets distributed to your heirs after you die with as little time and expense as possible. This can…
Should you postpone filing your tax returns?
Surely as April 15 comes along, some of you will procrastinate in filing tax returns. It can be habit forming as I see the same taxpayers come after April 15…
Giving reasonable accommodation at work to a non-disabled employee
Luis Castro-Ramirez was hired to work as a truck driver by Dependable Highway Express (DHE) in 2010. During his hiring, he told DHE that he had a disabled son who…
Do you feel paralyzed by your debt problems?
Are you feeling stuck and unable to move because of lingering debt problems in your life? Considering bankruptcy but not sure if it’s the right solution for you? For those…
Tips for eating healthy lunches your teeth will like
WE believe in preventive and yes, much of that depends on you! Cleaning your teeth after you eat is important, but the effects of good habits also have a lot to…
Clients choose dependents/house over credit cards
Both clients seek chapter 7 relief to discharge credit cards THE one true GOD YAHWEH, created man and woman with free will. He gave us free will to choose what…
Sitting on your rights: Do employers have a duty to provide seats?
NYKEYA Kilby worked eight months as a customer service representative for CVS Pharmacy, Inc. (CVS). During the interview and training process, CVS told Kilby it expected her to stand while…
I have a work injury, do I need an attorney?
OFTEN when someone is injured at work one expects the employer to “do the right thing” by assisting you with the process, making sure that medical treatment is timely provided…
10 tips for tax deadline jitters
IF you have not filed your income tax returns by the end of March, chances are you do not expect a refund, your tax records are a mess, or you…
Filing bankruptcy when no other options are available
THE last few years have been financially difficult for a lot of people. When the real estate marked crashed a few years ago, millions of people found themselves with a…
The problem with probate
(Part 1) MAJORITY is concerned with saving money on their taxes, but ignore planning to avoid estate taxes, which can consume at least 40% of a family’s taxable estate before…
Part 1: Powerful Lessons From China’s Richest Man
Last week was a relatively tough but gratifying week for my family as we were practically living in a suitcase for 6 nights while traversing Osaka, Manila and Hong kong….
Part 2 Success Lessons From China’s Richest Man
“Never start a business just to make money. Start a business to make a difference”. This quote extracted from an online magazine, successtory.com, best applies to the Chinese business tycoon Wang…
He is risen!
IMAGINE that you lived 2016 years ago in Jerusalem and that you were one of the new converts of Jesus Christ. You’re a 50-year old man or woman who was…
Fired but not given your final paycheck? You may be entitled to a penalty!
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….
Medical expenses revisited
MOST of us take medical expenses for granted because we have to spend more than 10% of our gross income before we can deduct medical expenses. However, changes in health…
Can’t decide if bankruptcy is right for you?
ARE you overwhelmed with debt problems that seem insurmountable? Are you starting to feel hopeless about your financial future and thinking you’ll never get ahead? You may be at a…
What to do with loose baby teeth
WE’VE all been through it, right? Can you remember when your baby teeth were falling out? Did one of your parents yank them out for you? Or, were you one…
Basics of family estate planning
THERE are two important aspects that should be taken into consideration in your estate planning: 1. Asset reduction which reduces your estate and the amount of estate taxes that must…
Watch out for current fair market value of residence and tax refunds in chapter 7
I HAVE two chapter 7 cases right now where the trustees are aggressively pursuing debtor houses. Trustees are tasked with the responsibility of getting whatever non-exempt asset they can get…
Working ‘off-the-clock’ can be proved and should be paid
Supreme Court upholds pay for employees’ work despite lack of records IN some industries, employees perform work-related activities before they clock in. Some do it after they clock out. These are…
Average itemized deductions
FOR those of you who itemize, the table below should be of interest. For those of you who play the odds (you know what I mean), this table should be…
Bankruptcy: Why blaming yourself will not help
BEING in debt can be pretty depressing. I understand how you feel. When you’re drowning in debt, you may feel that your situation is hopeful and you have no motivation…
Client’s ‘friend’ uses her identity to borrow $80K credit cards
Creditor puts lien on client’s house for $16K identity theft credit card TWO clients with issues relating to known and unknown persons who used their names and social security information…
New form requirement to report foreign financial assets
“ A single taxpayer is only required to file if the overall value of his specified foreign financial assets is more than $200,000 on the last day of the tax…
Client seeks chapter 7 relief again for $48 credit cards
Client seeks chapter 13 again for default on residence WHO said that, first is chance, twice is coincidence and third is habit? I have two new clients who are actually previous…