WASHINGTON — In its latest effort to help struggling taxpayers, the Internal Revenue Service today announced a series of new steps to help people get a fresh start with their tax liabilities. The goal is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers. Specifically, the IRS is [...]
Archive for the ‘Financial News’ Category
7 Oct
Foreclosure News – In Case You Missed It!
Below are some shocking stories that have been published online with regard to the current foreclosure crisis in the US. While I have seen many of these issues up close and personal, through handling my clients’ foreclosure cases, it is still interesting to see how incredibly common it is for mortgage companies to file fraudulent, incomplete [...]
10 Dec
Foreclosure Plague Slowing: Filings Fall 8%
According to this article on CNN Money, (posted Dec 10, 2009), foreclosure filings fell by 8% in November 2009, making it the fourth consecutive month of improvement in the housing market. While some could speculate that this is a sign of a recovering economy, others could argue that the improvement is a sign of loan [...]
3 Dec
Bankruptcies Spike 33%
Although news reports indicate that the economy is slowly starting to show early signs of recovery, the ripple effect of unemployment, soaring debt, extended usage of credit cards and looming foreclosures will remain with us for quite some time. This recent article on CNN Money indicates that the number of bankruptcy filings in the third [...]
1 Dec
Scams and Games Your Credit Card Company Doesn’t Want You To Know About
In this recent article posted on NYTimes.com, David Segal points out some of the latest scams and games that your friendly credit card companies are enjoying. For example: – Bank of America recently started sending out invoices to cardholder in unmarked envelopes. These envelopes look like junk mail, and if you received one, you might [...]
