Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
SANTA ANITA—Makeup lovers rejoice: NYX Cosmetics opened its first-ever flagship retail store at the Westfield Santa Anita on Friday, Oct. 2. The vibrantly designed and high-tech store features over 2,000…
SOMETIMES debtors cannot decide whether they should seek debt relief through Chapter 7 wipe out of all dischargeable debts or personal reorganization through Chapter 13, or business reorganization though Chapter…
Granting medical leave may not be enough LAURALYN Swanson is a highly accomplished elementary school teacher with over 30 years’ experience teaching kindergarten through sixth grade. She has a master’s…
THE Treasury Inspector General for Tax Administration (TIGTA, an agency that oversees the IRS) instructed the IRS to expand audits to prior and subsequent years. This means that if IRS…
IF you are struggling with debt problems and are starting to feel hopeless about your situation because you are not getting anywhere in spite of your efforts, at what point…
Senior protects house from $100K judgment lien with Chapter 7 Chapter 20 NEVER heard of Chapter 20? That’s because in the Central District of California, most courts don’t allow Chapter…
Q: AS a mobile technician, I travel to patients to obtain laboratory specimens. I drive the company vehicle, which I garage at my home, to do my job. I cannot…
1. MAIL your payments to be received on time. The monthly due date is the date of receipt at the IRS Service Center, not the date of mailing. 2. Use…
ARE you facing insurmountable debt problems? Are creditors threatening you with lawsuits, judgments or a wage garnishment? Are you afraid of losing what little you have and wonder how you…
OF the nearly four dozen concerns that can cause a car’s Check Engine light to illuminate, none is so small it can reasonably be ignored. There are more than 40…
Signs of a company headed toward failure and important ways to fix the problems SOMETIMES companies get into financial trouble. They have leadership issues, they have failures by suppliers, and they…
Q: I TRAVEL several times a month as part of my job duties using my own car. I also make several business-related calls on my personal cell phone. My work…
(Part 2 of 2) THE Internal Revenue Service (IRS) announced a major expansion of its “Fresh Start” initiative to help struggling taxpayers by providing: • Offer in Compromise (OIC) –…
I KNOW we’ve never met. But there’s a common fear everyone shares when they’re in drowning in debt. As a debt relief attorney, I hear it from people who consult…
Senior with $24K debt seeks Chapter 7 relief; Senior protects house with Chapter 13 Chapter 11 CLIENT presents himself as an importer & nationwide distributor of electronic items with gross annual…
Q: I work for a large company and recently took a leave of absence due to pregnancy disability. My pregnancy was high-risk and I used up all of my 4…
TOO good to be true? Perhaps, but read on. The IRS cannot deny your application if you satisfy all of the following requirements: 1. The tax is not more than…
INDIVIDUALS who have accumulated excessive debt are often left to ponder whether they should file bankruptcy in order to get out of debt. Sometimes, these people feel that somehow, they’ve…
Have you ever received an email, a flier on your car, shopping catalogues in the mail, a promotional letter from your cable provider, or have seen television commercials, banner ads,…
SOMETIMES companies get into financial trouble. They have leadership issues, they have failures by suppliers, and they have cash flow problems. Companies have a lot of problems, often every day….
Q: I WORK at UX Corp, a big national processing plant. However, I am employed by ABC Agency, a subcontractor of UX Corp. ABC Agency pays my wages. We often…
BEING in debt can be one of the most stressful situations you will ever face in life. It happens to everyone although you may feel like you’re the only person…
IRS audits have been dominated by examination of Schedule C for taxpayers who conduct their businesses as sole proprietors (instead of corporation or LLC). This includes professionals, technicians, and independent…
“There are special laws that allow middle class families to avoid paying thousands of dollars out of their pocket monthly for nursing home care, assisted living care and home care….
National origin is not a bar to recovery Immigrants are a growing part of the labor force in the United States. According to the Bureau of Labor Statistics, in 2014,…
How long do you have to keep tax records? How long can the IRS audit your tax returns? Let’s discuss 10 tips on statute of limitations so you can clean…
Deciding if bankruptcy is right for you can be one of the most important decisions you’ll ever make in your life. As much as possible, most people try to avoid…
Client seeks Chapter 11 reorganization to save business; senior seeks Chapter 13 reorganization instead of reverse mortgage after two loan modification denials CLIENT NO. 1 is 58. Divorced and remarried. He…
Privacy suit filed against doctor and hospital Norma Lozano was a patient at UCLA Medical Center. According to the Daily Journal, she had been fighting with Dedreck Harris, her ex-boyfriend….
The IRS issued new guidance requiring individuals with an interest in a “specified foreign financial asset” to attach a disclosure statement to your income tax return for any year in…
