BUSINESS TAXES: WHAT IS AN IRS LIEN?
March 6, 2023
If you have received a notification of a federal tax lien against your business, it is a serious matter and it shouldn’t be taken lightly. Many businesses have faced this problem, so thankfully you are not alone and there are solutions readily available. The most important thing you can do as a first step is…
Car Repossession: What About The Outstanding Loan Balance?
March 4, 2023
Car Repossession: What About The Outstanding Loan Balance? If you are facing financial hardship, it becomes easy to fall behind on your car payments and possibly even lose your car altogether. Hiding your car in a private garage, removing the GPS tracker, or secretly selling your car are a few car repossession loopholes that could…
What Happens If You Don’t Pay Medical Bills?
March 3, 2023
What Happens If You Don’t Pay Medical Bills? Americans are estimated to collectively owe as much as $140 billion in outstanding medical debt. 1 in every 3 U.S. adults have at least one unpaid healthcare bill. Statistics show that households with children are more likely than those without children to have unpaid medical bills. Medical…
Unpaid IRS Taxes: What You Should Know
March 2, 2023
If I can’t pay my income taxes, should I still file my return? The penalty for an unfiled return is much greater than the penalty for not paying. If you fail to file your return, the IRS charges a monthly penalty that equals 5% of your balance. The penalty starts on the date following the…
Biden Student Loan Forgiveness Update: What About Private Student Loans?
March 1, 2023
Biden Student Loan Forgiveness Update: What About Private Student Loans? President Biden proposed a plan to erase millions of dollars in student loan debt. Millions of student loan borrowers are currently waiting for the approval of student loan forgiveness. President Joe Biden announced that he intended to forgive up to $20,000 in student loan debt…