The steps to take after bankruptcy can set the tone for your financial future. Learn to stay on track.Every financial situation that leads to bankruptcy is different, but the result...
Posted by Unifirst Financial & Tax Consultants on 10/09/2021
You might need to report the canceled amount as income on your tax return if you could get a debt write-off or forgiveness. You should know what to expect so you don't end up with...
Posted by Jim McClaflin, EA, NTPI Fellow on 09/20/2021
These are probably two words you want to see in the same sentence: Bankruptcy and tax returns. Some people panic at the idea of filing tax returns for bankruptcy, but it doesn’t...
Posted by KLSM CPA Firm PLLC on 08/15/2021
Forensic accounting is investigating fraud or financial manipulation by conducting very detailed investigations and analyses of financial information. Forensic accountants are often...
Posted by Pat Raskob on 07/31/2021
Bankruptcy may make sense if you cannot pay off your debts by covering retirement, food, and shelter obligations.Bankruptcy is definitely not the end of the world. It could be good...
Posted by Income Taxes and Bookkeeping LLC on 07/31/2021
Your credit can take the biggest hit after bankruptcy - the negative sign can stay on your credit report for ten years. But you can rebuild your credit with hard work and responsible...
Posted by Taxes Made EZ Inc on 07/06/2021
There are times a distressed borrower will negotiate with a creditor for debt relief. These borrowers will either file for bankruptcy or go with a debt relief program that can reduce...
Posted by James Financial Services Inc on 05/24/2021
Taxes on trust funds can create big problems for small businesses. When an employer withholds part of an employee's salary to pay income tax, health insurance, and social security,...
Posted by Taxes Made EZ Inc on 05/19/2021
There are times one might have a huge tax debt. In such cases, a monthly payment plan is the best way to pay the debt. There are various arrangements offered by Uncle Sam with which...
Posted by Unifirst Financial & Tax Consultants on 05/06/2021
