2018 Tax changes that affect divorcing couples

THE Tax Cuts and Jobs Act, which was recently enacted into law, impact various issues in a divorce case.  These changes are effective beginning 2018 through 2025. Spousal Support.  Spousal Support will no longer be deductible by the paying spouse and will not be taxable income to the supported spouse for post 2017 divorce judgments…

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The bucket list: Ask for help

15th of a series “Don’t be shy about asking for help. It doesn’t mean you’re weak, it only means you’re wise.”  — Anonymous WE live in the Age of Information. You could say it is both a blessing and a curse to live during what could very well be “the best of times, the worst of…

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2019 tax filing due dates for 2018 tax returns

* * * Victor Santos Sy graduated Cum Laude from UE with a BBA and from Indiana State University with an MBA. Vic worked with SyCip, Gorres, Velayo (SGV – Andersen Consulting) and Ernst & Young before establishing Sy Accountancy Corporation in Pasadena, California. * * * He has 50 years of experience in defending…

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Store manager needs bankruptcy relief

CLIENT no. 1 is 50 years old and is the manager of a big retail store. He’s been working there for 30 years. His spouse got into an accident and is now on disability. He owns a house with $200,000 of equity. He has, believe it or not, 11 children from age 2 to 18….

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The flowers of spring

SPRING has sprung.  It is upon us in a scent that grows deeper, dizzying, improbable. It is too heady, too provocative to be diminished.  Seeping through open windows, under doors, as you go out or slide out of a car.  There it is — a scent that dominates the air, your bed, and clothes.  It’s so dense, you can…

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Ramboterte

First, Malacañang spokesman Salvador Panelo described as “futile,” the recent complaint against Chinese President Xi Jinping filed by former Foreign Secretary Albert del Rosario and former Ombudsman Conchita Carpio Morales over China’s transgressions in the West Philippine Sea. Now, President Rodrigo Duterte has issued a blunt warning to his erstwhile friend to back off from…

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Duterte threatens to veto 2019 budget if problematic

Philippine President Rodrigo Duterte on Thursday, April 11 threatened to veto the entire P3.757-trillion national budget for 2019 if found to be problematic. During a campaign rally in Bacolod City, the president said that the budget has been submitted, but is pending his review. “Kita mo ‘yung budget. Ang budget kasa-submit lang. I have to…

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USCIS reaches FY 2020 H-1B regular cap

NITONG nakaraang April 5, 2019, o apat na araw pa lamang mula sa pagtanggap ng mga H1B Petition na bilang sa Fiscal Year 2020 cap, ang US Citizenship and Immigration Services (“USCIS”) ay naglabas na ng balita na ito ay nakatanggap na ng sapat na mga H1B Petition para umabot sa congressionally-mandated 65,000 H1B visa…

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Thread lift, the ‘surgery-free’ facelift

I’VE been asked time and again: what’s a way to lift and tighten sagging facial skin without going under the knife? And since I love being the bearer of good news (related to health and beauty), I tell my clients and my readers about this new alternative to a traditional facelift. It’s non-surgical, less invasive…

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Ryan Cayabyab Singers enthrall in an evening of all-OPM music

Maestro Ryan’s singing group and roster of Filipino American singers wow the crowd in musical celebration A ROUSING finale of “Kay Ganda” brought the audience to its feet in a standing ovation befitting the night of Original Pilipino Music (OPM).  The top-notch seven-singer group, The Ryan Cayabyab Singers (RCS), were in top form, in spite…

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Bankruptcy: Are you living without a financial plan?

SLEEPLESS nights… Stressed out… Worried about the future.. Always broke no matter how hard they work…Feeling hopeless about their situation. This is what most people are going through when they are considering bankruptcy in order to get out of debt.  The word “bankruptcy” often produces negative feelings because some people equate it with failure. They…

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Catching up with Jej Vinson, the Filipino breakout star from ‘The Voice’

The talented Davao native on his musical inspirations, switching from nursing and performing for President Barack Obama FILIPINO parents usually expect a few things from their kids: academic proficiency, good health and a financially fortuitous career in medicine.  And it’s not just a stereotype. It’s many of our realities.  But as economically promising a career…

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