Filing for bankruptcy is a complex financial decision that should not be taken lightly. It's important to understand the signs that indicate when it might be time to file for bankruptcy...
Posted by Taxes Made EZ Inc on 11/27/2023
Filing for bankruptcy can be a daunting decision, often seen as a last resort for individuals and businesses facing overwhelming financial difficulties. While bankruptcy can provide...
Posted by Rosovich & Associates, Inc. on 11/17/2023
Cancellation of debt or debt cancellation, as it is sometimes referred to as, happens when a creditor relieves the borrower from any debt obligations they may have. Debtors in this...
Posted by Taxes Made EZ Inc on 08/31/2023
If you know you'll get a refund at tax time; filing taxes can be a lot of fun. But if you suspect you owe the IRS money that you don't have, it can be difficult to even begin...
Posted by Rosovich & Associates, Inc. on 03/31/2022
Buying a home is a huge financial responsibility. But it's a worthwhile investment. One smart way to kill two birds with one stone is to deduct your mortgage points from your taxes,...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 02/28/2022
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, CTRC on 09/20/2021
There are many ways you can either reduce or cancel your debt. No matter the source – excessive credit card bills or student loans, it is possible to cancel your debt. In many...
Posted by Rosovich & Associates, Inc. on 06/04/2021
The government recently agreed on the details of a $900 billion coronavirus bill attached to a $ 1.4 billion omnibus that will fund the government for fiscal 2021. Congress also voted...
Posted by KLSM CPA Firm PLLC on 01/12/2021
The CARES Act (Coronavirus Aid, Relief and Economic Security Act) came up with a new assistance program for small businesses (with employees below 500) to cushion the coronavirus's...
Posted by CORE PERFORMANCE on 03/05/2021
