Things To Keep In Mind If You’re Looking To Consolidate Debt
March 9, 2023
Things To Keep In Mind If You’re Looking To Consolidate Debt What to know if you’re looking to consolidate debt Perhaps you’ve been owing debts from different lenders and now you need to settle, but you are finding it hard to figure out which of the debt to pay off first. As the interests on…
Considering Filing? You Need To Know What Happens When You File Bankruptcy
March 9, 2023
Considering Filing? You Need To Know What Happens When You File Bankruptcy What is Bankruptcy? Thinking about filing bankruptcy? Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and decide whether to discharge those debts so they are…
Personal Loan vs. Personal Line of Credit: Know The Difference
March 9, 2023
When life throws unexpected expenses at us, such as a home renovation, a wedding, or even a funeral, many people opt to use credit over cash. Credit is especially useful when an expense sneaks up on us and we don’t have enough in our emergency funding to cover the cost of the expense. A personal…
How Do I File Returns for Back Taxes?
March 8, 2023
Tax Facts:• A taxpayer can file back taxes for any past year, but the IRS usually considers a taxpayer in good standing if they have filed the last six years of tax returns.• If a taxpayer was qualified for federal tax credits or refunds in the past but did not file tax returns, they may…
What is the Difference Between Criminal Tax Penalties and Civil Tax Penalties?
March 7, 2023
In recent years, the IRS has been cracking down on tax crimes. Some tax crimes are civil crimes, such as Tax Fraud. With a civil tax violation, the enforcement penalties will come down to money. Other tax crimes, such as Tax Evasion, are more serious and are considered criminal. With a criminal tax violation, the…