If your financial situation is a mess, if you are looking to make some key changes in the future, you are not alone. Many people are in the same position. While there are many ways to fix your problems, Chapter 13 bankruptcy is one of the best. This may not be the...
Month: May 2016
Warning: Deadline for FBAR filing just around the corner
The deadline for the Foreign Bank and Financial Account Report (FBAR) is fast approaching. The FBAR, referred to in some financial circles as the "F" word, is the form required by the Internal Revenue Service (IRS) to claim certain foreign accounts. The form is due by...
Can you buy a home after bankruptcy?
There are pros and cons of filing for bankruptcy. There are also many myths that get in the way of making the right decision. One of the top myths is that you cannot purchase a home after bankruptcy. If you believe this to be true, you may never move forward with the...
Yes, you can keep your house in Chapter 13 bankruptcy
Despite the many benefits of Chapter 13 bankruptcy, some people shy away from this because they have yet to separate "fact from fiction." It is a common misconception that you will lose your house if you file for Chapter 13 bankruptcy. This is not always the case, as...
Refinancing a mortgage after bankruptcy
There are many benefits of bankruptcy. There are also some reasons why you may want to avoid this process for the time being. If you decide to move forward, it's common to have concerns about your future finances. For example, you may be wondering if it is possible to...
FAQs about IRS crackdown on foreign account holders
The Internal Revenue Service (IRS) is holding foreign financial account holders responsible for not reporting their accounts. Those who need to report accounts are encouraged to do so proactively. A failure to properly report can lead to both civil and criminal...
What happens if you don’t files or pay your taxes?
People neglect to file tax returns for a number of reasons, including but not limited to a lack of money or time, anti-government feelings, medical issues, and business problems. While you may have a very good reason for not filing, this probably isn't good enough as...