On behalf of Jeffrey M. Rosenblum, P.C. | Oct 30, 2014 | IRS
For tax year 2015, the Internal Revenue Service announced today annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2014-61 provides details about these annual adjustments. The tax...
On behalf of Jeffrey M. Rosenblum, P.C. | Oct 29, 2014 | Personal Bankruptcy
According to findings from several studies, nearly 33 percent of cancer survivors in New York and around the country say that they have suffered financial hardships due to their illness. The American Society of Clinical Oncology says that younger patients tend to...
On behalf of Jeffrey M. Rosenblum, P.C. | Oct 24, 2014 | Chapter 7
One of the most anticipated moments of a bankruptcy case for the debtor is the discharge. This is the wiping out of certain debts, allowing the individual going through the bankruptcy process to begin on a fresh financial footing. The discharge is granted by the...
On behalf of Jeffrey M. Rosenblum, P.C. | Oct 23, 2014 | IRS
The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. Many of the pension plan limitations will change for 2015 because the increase in the...
On behalf of Jeffrey M. Rosenblum, P.C. | Oct 17, 2014 | Chapter 7
Bankruptcy is designed to give people who need it a fresh start financially. For people in New York, Chapter 7 may be a viable option. Businesses, including partnerships, are also eligible for Chapter 7, but only qualified individuals will be able to discharge their...
On behalf of Jeffrey M. Rosenblum, P.C. | Oct 10, 2014 | Chapter 13
Citizens of New York who are researching different types of debt protection and bankruptcy filings may be considering filing under Chapter 13 of the Bankruptcy Code. This requires careful attention to detail and thorough reporting of all requested information, but the...
On behalf of Jeffrey M. Rosenblum, P.C. | Oct 3, 2014 | Chapter 13
Many New York residents considering bankruptcy avoid filing for it because they fear that they will lose their homes or other property. However, Chapter 13 bankruptcy helps individuals, even those who are self-employed or own an unincorporated business, adjust...