Credit cards are a must-have item in America, but they come at a price. These cards give you instant purchasing power. However, you need to pay your debt in smaller monthly portions,...
Posted by Dennis Jao on 04/27/2023
Liens and Levies are two different legal actions that the Internal Revenue Service (IRS) can take to collect outstanding tax debts from taxpayers. Understanding the difference between...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 02/07/2023
A deferred variable annuity is a contract with an annuity provider to pay a certain amount for some period or lifetime. The annuity provider deposits the money in any investment portfolio...
Posted by Dennis Jao on 01/30/2023
Asset protection strategies are paramount considerations for wealth that are vulnerable to lawsuits, creditors, costly divorces, etc. We live in an increasingly controversial society...
Posted by Dennis Jao on 12/08/2022
What is bankruptcy?US bankruptcy laws provide a fresh start for overburdened debtors. Bankruptcy can help you pay off your debts through settlement, create viable debt repayment plans,...
Posted by Tiffany Gaskin on 11/28/2022
Small businesses usually run into problems because of the IRS Trust fund. The money held by the employer in trust is used to pay the employee’s Social Security and Medical taxes....
Posted by KLSM CPA Firm PLLC on 10/26/2022
Form 1099-C and Cancelation of Debt is a system created by the Internal Revenue Service (IRS) to clarify all transactions made to taxpayers by loan service providers and creditors....
Posted by Pat Raskob on 10/16/2022
Keeping old tax records can save you time and effort if you are audited or need to file an amended tax return. Previous tax returns can also help you document your income when applying...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 06/24/2022
The process of restoring your financial stability after facing bankruptcy is a back-breaking move. Filing for bankruptcy affects your credit score and can hinder your long-term financial...
Posted by Pat Raskob on 06/11/2022
