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Prioritize Consumer Debts Based on Risk. A Comprehensive Legal Guide August 27, 2021
Debts of Highest Priority Court Judgments : A judgment is a court order in favor of the creditor. Now as a “judgment creditor,” it can garnish your wages, freeze your bank accounts, and foreclose on ...
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The National Taxpayer Advocate Points to Systemic Flaws within the IRS July 5, 2018
Despite the IRS' recent achievements, and its 5-year Strategic Plan to streamline operations, The National Taxpayer Advocate exposed some core weaknesses. The National Taxpayer Advocate (NTA) is an ...
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Despite Budget Restraints, The IRS is Committed to Improving Quality July 2, 2018
The IRS published its 5-Year Strategic Plan for years 2018 to 2022. Below are some of its strategic goals. Honoring the Taxpayer Bill of Rights; Encouraging more online interaction to increase ...
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New York Alert: Active Tax-Debt Settlement Scam November 17, 2014
Friends, Be aware of an active tax-debt settlement scam targeting middle-class New York. The scammers pawn themselves off as tax-settlement professionals alerting you to— and offering to ...
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What is a 1099-C? April 9, 2014
"What is a 1099-C?" is the question taxpayers will be asking as these forms arrive in their mailboxes this year. If you received one of these forms, you may be confused. "Why did I get this? What does ...
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Does issuance of a 1099-C mean you are not legally responsible for the debt? August 21, 2013
Cancellation of debt legally owed represents income that must be included in your tax return. To encourage compliance with this tax responsibility, Congress amended the Internal Revenue Code in 1993 ...
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