Congress last week took steps to help individuals who are facing financial uncertainty during the COVID-19 pandemic. They passed the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act. The CARES Act has many provisions that will help those with financial difficulties in the next coming weeks and months. The act […]
Have you not filed your 2016 tax return? Do you think you are entitled to a 2106 tax refund? You need to file your 2016 federal tax return by April 18, 2020 to be eligible to receive a refund based on the return. You must file your tax return with in three years of the […]
Here in Virginia, a lawsuit for money in General District Court is called a Warrant in Debt. This sounds a lot scarier than it is. It basically means someone, a person or a company, is claiming you owe them money. The purpose is of the Warrant in Debt is to get a judgment. A judgment, […]
Your 2018 1040 tax return will look very different than years past. With the passing of the Jobs and Tax Act back in 2017, the Internal Revenue Service is experiencing the most substantial changes to the tax code in over 30 years. These changes include edits to many of the forms you may be familiar […]
It is important at the end of the year to start thinking about next year’s tax situation. While it is likely too late in the year to fix any issues you had in 2018 with your withholding or estimated tax payments; but it is never too early to get your situation fixed going into 2019. […]
To Anyone Feeling Overwhelmed with Debt: As a bankruptcy attorney, my office deals with people who are going through stressful moments in their lives. Every day we help educate people on bankruptcy and debt issues. Hardest part about talking with individuals about debt relief options is combating the significant misconceptions about debt issues and bankruptcy. […]
Mortgages in bankruptcy can be discharged, but the lien remains absent specific circumstances When considering bankruptcy, many people ask to leave their mortgage out of the bankruptcy. This is not possible; you must include all your debts. However, a mortgage is treated differently than your credit cards or personal loans, it is secured against property. […]
Take a look at the second video in our video series about setting up your new business. Your Employment Identification Number (EIN) is an important part of your business. It is your business’s social security number. You will use this EIN with the Internal Revenue Service, banking institutions, and may other entities. It is […]
Tax Debt: A Debt Not to Ignore Owing taxes may not seem like a big deal. Tax debt is not immediately reported on your credit and the IRS seems to only send collection letters. While it is true, the Internal Revenue Service (IRS) is not usually aggressive the first year you owe traditional income taxes, […]
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