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Read About Taxes Below
Find the Right Service to Prepare Your Taxes
Don Kransteuber
It is possible to save money on your tax preparation fees by doing some advance preparation of your own. Make sure that you organize your paperwork and receipts to save time and ensure nothing is...
Getting A Second Extension To File 2004 Taxes
Richard Chapo
Millions of people file tax return extensions every year. The tax filing deadlines can rush up on your quickly. Fortunately, filing an extension isn’t particularly difficult. For individuals, there...
Home-Based Business Owners Save Thousands on Their Taxes
Karin Workman
Do You Qualify For Home-Based Tax Deductions?
New changes in the tax laws have made it easier than ever to claim Home Office Deductions and keep more of what you earn.
If your home is a...
Home Based Business Taxes - Where to Find Answers
Charles Fuchs
April 15th looms for most people when filing their income taxes, but doing your home based business taxes can change everything and be very overwhelming. There are a lot of tax laws that business...
How To Legally Save Thousands of Dollars a Year in Taxes
Roberto Neuberger
How To Legally Save Thousands of Dollars a Year in Taxes
By Alex Goumakos
Someone once remarked, “Next to being shot at and missed, nothing is quite so satisfying as an income tax refund.” ...
How to minimize your taxes on wealth
Jakob Jelling
Taxes on wealth or simply wealth tax is the tax levied on the value of wealth owned by a person. As the term ‘wealth’ carries with it a broader meaning, generally capital transfer taxes (which...
Hurricane Katrina - How To Use Your Business Loss To Get A Refund on 2004 Taxes
Richard A. Chapo
With the massive losses caused by Katrina, the economy of the Gulf Coast region is in extremely bad shape. Fortunately, there is a quirk in the tax code that can help you generate a large refund from...
I Can’t Pay My Taxes - What Do I Do?
Richard A. Chapo
The end of tax filing extensions is quickly approaching. What do you do if you can’t pay the amounts you owe? You should still file your return by the due date and pay as much as you can. There are,...
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Alabama
Get The Facts on Debt!
Repossessions, wage garnishment, property seizures and foreclosures are words which strike fear into the heart of every consumer.
The general assumption is that overdue debts will result in these drastic measures. Sure, if you've put up property as collateral on a loan which you are unable to pay, it will typically be seized or repossesed. But the same does not necessarily hold true for unsecured debts. In reality very few creditors will ever push for garnishment on small unsecured debts. Garnishment and seizure are a creditor's most effective weapons to collect an outstanding debt, but they are also very expensive and time-consuming to the creditor. While it is within the creditor's legal rights to pursue collections through any of these means, the cost of recovering a debt often exceeds the amount of the debt itself, and so it's not always cost efficient to force a collection.
Sadly enough, in the United States alone thousands of bankruptcies are filed every week in response to collection efforts on unsecured debts under $5000. Consumers are so intimidated by creditors that they fold under the perceived pressure, resorting to bankruptcy as a means of escaping an unsecured debt. If these same consumers had simply ignored the threatening letters and intimidating phone calls, they would have discovered that most creditors are all bark and no bite. Bankruptcy is arguably the worst type of negative listing you can have, and it is almost certain to wreak havoc on your credit report for the next ten years. You should therefore consider a bankruptcy lawyer only as a last resort, and possibly never as an option to escape a relatively small, unsecured debt.
