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…
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
Falling behind on car payments can feel overwhelming, and the thought of losing your vehicle only adds to the financial strain. A car isn’t just a mode of transportation, it’s what gets you to work, helps you run errands, and keeps life moving. If you’re in a difficult financial situation, it’s understandable to feel uncertain about…
What Happens If You Don’t Pay Medical Bills?
March 3, 2023
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 bills are the nation’s largest source of collections…
Biden Student Loan Forgiveness Update: What About Private Student Loans?
March 1, 2023
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 per borrower under an income threshold. Unfortunately, court battles have…