10 Tips for Success on IRS Payment Plans

  Around 15 million Americans owe back taxes to the IRS at any given time.  Here are 10 tips to consider when you owe IRS back taxes: In order for the IRS to consider a payment plan, you must have filed all of your tax returns to date.   Remember IRS Policy 5-133 which states that at the least, the last … Read More

Have unfiled IRS returns? 8 Tips for Your Tax Records

Getting Back on Track with Unfiled IRS Returns Somewhere around 5 million Americans have unfiled IRS tax returns.   If you are self-employed or own a small business, then here are some tips to consider in terms of getting your income and expense records together.   It can be difficult for some taxpayers because they may have moved and their financial records … Read More

Do You Need to File Bankruptcy? 5 Signs to Consider

Whether you should file bankruptcy is a important question, but here are some of the warning signs that you should consider. First, remember that there are no minimum debt amounts required to file a case. There are maximum debt limits in Chapter 13 cases, but I don’t often find folks in those situations. Here are some of the warning signs … Read More

Episode 3: Interview about the New Tax Law with CPA William Stunkel

Today on the show we reached out to CPA William Stunkel to understand more about taxation for business owners. He touched topics such as how to create a tax plan for your new business, the Do’s and Don’ts of self-employed tax deductions, and things to be aware of when starting a new business. It was wonderful and educational to have … Read More

Episode 1: Fixing Your Credit Rating with Credit Expert Chris McConville

Chris McConville is a nationally-known expert on credit reporting. He is the owner of Cure My Score, a Pittsburgh-based credit repair and restoration service that assists individuals who have credit problems. Chris has been certified as an expert witness in Federal court cases involving credit reporting and the Fair Credit Reporting Act. Show Notes 2:00 Basics of credit scoring 4:00 … Read More

Keeping Your Car in a Bankruptcy Case

It’s the rare American who doesn’t own a car.  Nearly all of us need them daily to get to and from work or school.  So, it shouldn’t surprise you that people going through bankruptcy must have a car as well. Fortunately, for folks who own older vehicles, it’s usually easy to protect those cars by using the bankruptcy exemption laws. … Read More

Stopping an IRS Garnishment or Levy With a Bankruptcy Filing

It’s possible to immediately stop an IRS bank levy or wage garnishment with a bankruptcy filing.  In fact, the IRS would be forced by the Bankruptcy Court to withdraw any existing enforcement action, and the IRS would be required to wait for the Bankruptcy Court to rule on the case. The key to stopping a wage garnishment or IRS levy … Read More

2 Top Reasons that an LLC or S-Corp Filing Can Reduce your Tax Bill

When a new client comes to meet me for the first time, I want to get him back on track so that he doesn’t incur tax debts in the future. No matter how he chooses to resolve his taxes, if he continues to incur new tax debts, then his strategy will go awry.  For example, If he files a bankruptcy … Read More