Creative Solutions For Preventing And Resolving Legal Problems
When choosing a business entity, many small business entrepreneurs are resistant to forming a corporation due to the additional compliance requirements. An LLC is an attractive alternative; however, a corporation provides more flexible ownership and potential for...
The two most common reasons my clients owe taxes are 1) early retirement withdrawals and 2) self employed person's failure to save money for taxes. Owing the IRS can be stressful. The IRS will become increasingly aggressive as time goes on, and the IRS has collection...
If you read an operating agreement for a closely held business, it is common to find "termination on bankruptcy" language. Essentially, these contract clauses provide that a person's interest in the business is dissolved upon filing bankruptcy. These contract...
Between the months of January and April, I get dozens of calls from people wondering about a 1099-C they received in the mail. Unfortunately, many people don't understand them and they just ignore them when preparing their taxes. Naturally, that is a big mistake....
When a person loses their home in foreclosure, they are often surprised to find that they still owe money to the mortgage company even after the bank has taken the house. This is called the foreclosure deficiency. After foreclosure, most people will still owe a...
If you are trying to improve your credit score, you will find tons of resources available to help. There are books, classes, seminars, online articles, credit counseling, etc. There are local companies, charitable companies, national companies, non-profit companies,...
