I had two new tax clients come in this morning who both transferred from the same tax preparer, and who both had tragic stories to tell. In both cases the tax preparer was named “Vanna”, but did not put his name on the tax return. The first individual was audited by the IRS. They disallowed […]
Be Wary Of Crooked Tax Preparers – Two More “Vanna Victims” Today Read More »
As we enter the last month of tax season, people who owe taxes have to consider their options. I often warn clients that nothing good comes from delaying filing. In addition to the interest and penalty they will have to pay for not paying their taxes on time, they will also need to pay penalties
I receive daily email of the hot court decisions of the day. In today’s email, I received a notice about a case of mine. The irony of this decision is that it is a Bankruptcy Court opinion in which I nominally represent the “Creditor”. In this case, I represent a pedestrian who was struck by
Pursuing An Auto Accident Claim When The Defendant Is Bankrupt Read More »
I have posted in the past about Tax Refund Identity Theft. I have put up a number of posts on Facebook about this subject, and more recently about the problems TurboTax has been having. For example, I posted this article about TurboTax suspending e-filing of state tax returns because there have been so many problems with fraudulent returns
The Department Of Revenue Has A New Identity Verification Program Read More »
If people do not file their taxes on time, then they need to file their taxes late. If you owe tax, then there is penalty and interest to pay for filing late. If you receive a refund, then there is no penalty. However, you need to file your tax return within three (3) years of
My friends say to me that I must love the snow because it causes so many accidents. Putting aside the idea that the whole concept of loving accidents is reprehensible, I advise them that it is the summer that is the busy season, because there are simply more cars on the road and people are
Observations On Winter Accidents Read More »
This week, the Federal Reserve Bank of New York Published on its website the report “Insolvency after the 2005 Bankruptcy Reform”. This report confirmed what many of us in the field had known for a long time: people in financial distress who file bankruptcy recover their credit much faster than people who do not. Specifically, the
I had a new bankruptcy client come in this week. She complained that she called her bank when she could not make this month’s credit card payment. She said that the person at the bank they referred her to was “the biggest jerk”. I assured her that I was a bigger jerk than him. I
“The Biggest Jerk” Read More »
I posted in October about Bankruptcy, Taxes, Payment Plans And A Special Deal. In that blog, I linked to my Favorite Fall Payment Plan, which is to pay $200 in the Fall to stop the phone calls and pay the rest when the tax refund arrives. I also announced a special deal, which is that anyone
Bankruptcy, Taxes, Payment Plans And A New Special Deal Read More »