Posts from ‘May, 2009’

Bankruptcy or Debt Consolidation?

I'm so dumb dumb dumb. I earn roughly $48,000 a yr & I have accrued close to $40,000 in credit card debt, it's about $800 per month, $1750 for my house, $470 for my car, then all related living expenses. I bring home after taxes: $2,600 per month. I have obviously lived beyond my means. [...]

Who pays the tax debt?

My father has a tax lien on his house for 80,000. He just received another letter stating he now owes 128,000. He has been trying to compromise with them but so far they are not interested because he has too much equity in his home. He do not seem to settle with [...]

Does the mortgage debt relief act apply to people who refinanced?

I hear 2 versions of this story. That the canceled debt from my short sale this year will NOT be considered income and others say it will be because a refinanced and made it a recourse loan. My CPA told me it wont be considered income for 2008 tax purposes and I wont be [...]

Would anyone be interested if I post some debt eliminating tips each day?

I have found a big list online, and I would like to share with you all. Someof them are helpful and some are not.
Here are todays 7 tips:
Don’t get into debt. Use cash for all your purchases and don’t take on any debt except home and auto.
Spend less than you earn.
When debt is [...]

Help for Businesses with Unpaid Tax Debts

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Our professional and experienced Tax Team can negotiate directly with HM Revenue & Customs to spread your Tax Bill into affordable and sustainable monthly repayments.
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IRS Debt Settlement

http://www.americantaxvideo.com/IRS_Debt_Settlement.php IRS Debt Settlement information from American Tax Relief. We are a nationwide firm specializing only in helping people resolve their irs debt though various settlement methods. Please call 800-700-6948 for more information. IRS Debt Settlement, tax settlement, irs tax help, back tax settlement, irs tax debt settlement help, IRS Debt, attorneys, tax problems, irs [...]

IRS Debt Relief Help

http://www.americantaxvideo.com/IRS_Debt_Relief_Help.php IRS Debt Relief Help information from American Tax Relief. We are a nationwide firm specializing only in helping people resolve their irs tax debt though various settlement methods. Please call 800-700-6948 for more information. irs tax debt relief help, irs tax levy, irs tax garnishment, offer in compromise, irs debt, tax debt
Duration : 0:1:10

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What is IR35? Media presentation brought to you by Tarpon Ltd

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What is IR35?
IR 35 comes from the 6th April 2000 Intermediaries legislation. It was first proposed in the 1999 Budget press release numbered IR35. Hence now commonly referred to as ‘IR35′. The aim of the legislation is to eliminate the avoidance of tax and National Insurance Contributions [...]

is it possible to negotiate a lesser rate for student loans?

I borrowed like $10,000 and now owe $40,000. I don't get refunds from taxes and I won't get retirement cause it will go to this huge debt…anyone ever heard of negotiating a realistic rate? Oh, and the handling company NEVER send me invoices showing me that I have paid anything when they keep my refund [...]

Is it a bad idea to settle debt for less and invoke a 1099C form?

I owe about 22,500 in debt, and got a letter to settle for 15,700. It is extremely tempting but what are the negatives of having to file a 1099C if I continue to have good, regular income? I had extreme debt & bad luck paying it off, then got an awesome job and [...]