Many people are the only earners for their families. When they are struck with a debilitating illness or injury, they are likely to fall victim to financial challenges because of the health care costs and possible loss of income. The cost of medication, therapy and...
Month: September 2013
Three financial mistakes that can lead to overwhelming debt
Most advice about personal finance problems is simple and easy to understand, but following the advice is often much easier said than done. Acquiring debt can take place either quickly or gradually over time, and the accumulated amount can wreck a person's financial...
Restaurant owner files for bankruptcy in New York
On Long Island, New York food is a very profitable necessity. Many locals have made a living out of business ventures like restaurants and other eateries. However, the food industry has a weakness; the country's economic state can greatly affect a restaurant's...
How to curb debt caused by medical expenses
Quality health care often comes with an expensive price tag, its high cost affecting everyone. In most cases, a person may get sick perhaps once or twice a year. However, because illnesses can be unpredictable and require prolonged hospital stays, people have no...
Treasury and IRS Announce That All Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes; Ruling Provides Certainty, Benefits and Protections Under Federal Tax Law for Same-Sex Married Couples
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes. The ruling applies regardless of whether...