Credit Corp

APRIL 8, 2024

[This is a guest post contributed by Jessica Chung, Programs Director at FitMoney] Millions of Americans will file their taxes this spring, but for many, they’ll be first-time filers. Filing taxes can be really confusing, especially for those filing for the first time. For example, more income doesn’t always mean a higher tax rate.

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Education Government Collections 73

Account Recovery

MARCH 24, 2022

The pace of income tax returns that have been filed with the Internal Revenue Service is slowing down, compared with last year, but the size of the average income tax refund remains significantly higher, further confounding members of the accounts receivable management industry, who had expected tax refunds for 2021 to be lower than usual, … (..)

Accounts Receivables Management 245

Accounts Receivables Management 245

Account Recovery

MARCH 13, 2023

We are in the throes of income tax season and there are a growing number of indicators — including reports from different collection operations across the country — that this year’s income tax refund season is going to be less bountiful than the industry has seen in recent years.

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Collections 130

Account Recovery

MARCH 28, 2024

Getting to Know Joel Blackburn of Cornerstone Licensing Judge Denies Defendant’s MJOP in FDCPA Case Over Tax Debt Judge Denies MTD, Rules Credit Union Meets WVCCPA Definition of ‘Debt Collector’ in Convenience Fee Case CFPB Issues Guidance Over ‘Free’ Money Transfers, Claims of How Fast Funds Are Available WORTH NOTING: What life is like for […] (..)

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Credit Unions Credit Unions Debt collector 147

Account Recovery

JANUARY 21, 2022

The IRS is scheduled to start accepting returns on … The post IRS in ‘Crisis’ as 2022 Tax Season Set to Kick Off appeared first on AccountsRecovery.net.

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Account Recovery

FEBRUARY 25, 2021

A bill has been introduced in the New York legislature that would place a tax on the data collected and used by business for commercial purposes, although the threshold for being subject to the tax appears to be very high. The bill, S4959, was introduced earlier this week by state Sen.

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Collections 230

Account Recovery

MAY 28, 2021

The owner of a Kentucky collection agency is facing up to 20 years in prison after pleading guilty to charges of wire fraud and tax evasion. He also admitted to … The post Collection Agency Owner Pleads Guilty to Wire Fraud, Tax Evasion appeared first on AccountsRecovery.net.

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Collection Agencies Collections Agency Collections Creditors 246

Account Recovery

APRIL 24, 2023

The post Final Income Tax Numbers Offer Little Solace to ARM Industry appeared first on AccountsRecovery.net.

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Accounts Receivables Management 130

Account Recovery

FEBRUARY 16, 2022

The Department of Education has announced it will suspend the seizure of tax refunds, Social Security payments, and other government payments to collect on defaulted student loans through November. Will Not Use Tax Refunds, Social Security to Collect on Defaulted Student Loans Until November appeared first on AccountsRecovery.net.

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Student loans Student Loans Loans Education 246

PDC Flow

FEBRUARY 29, 2024

For many consumers, a tax return is the perfect opportunity to take control of outstanding debts. That’s why tax refund season is one of the busiest times of the year for debt collection agencies. Does your agency take advantage of tax refund season to boost revenue and close more accounts?

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Collections Debt settlement Collection Agencies Collections Agency 96

Account Recovery

MARCH 15, 2021

Fewer people plan to use their income tax returns this year to pay down debt or catch up on bills and will instead put that money away for a rainy day or make a big purchase like a car or house, according to the results of a survey released by NerdWallet.

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Sawin & Shea

MARCH 20, 2024

You may be wondering whether you should opt for a tax attorney or a bankruptcy attorney. This page addresses the most common questions about selecting the right attorney to help you address your tax problems and other financial concerns. What’s the Difference Between a Tax Attorney and a Bankruptcy Attorney?

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Lawyers 52

Account Recovery

AUGUST 2, 2022

A copy of the … The post Judge Grants Defendant’s MSJ In FDCPA Class over Tax Reporting Language in Letter appeared first on AccountsRecovery.net.

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Fair Debt Collection Judgment Collections Credit Management 243

Credit Corp

FEBRUARY 9, 2023

How are bonuses taxed, and how much will the IRS take out of your bonus? Keep reading to learn more about how bonuses are taxed and what steps you can take to minimize this tax burden. how are bonuses taxed In This Piece How Are Bonuses Taxed? For example, do you owe taxes on unemployment ?

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Government 98

Credit Corp

APRIL 12, 2023

Guest Post by FitMoney As a parent of a teenager or young adult, you want to ensure that your child is financially secure and understands the importance of taxes. Filing taxes can often be confusing and intimidating, but it’s an important part of life when you start earning income. What forms should you keep an eye out for in January?

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Government Education Collections 98

Credit Corp

MARCH 1, 2023

If you’re lucky enough to live in one of the states that offer tax-free weekends right before school starts, this may be one of your best chances for saving money on clothes, shoes and school supplies. What is a tax-free weekend? tax free weekend In This Piece What Is a Tax-Free Weekend? What States Do Tax-Free Weekends?

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Collections 89

Sawin & Shea

JANUARY 19, 2022

Filing your taxes and filing for bankruptcy are two things that can be confusing and challenging on their own. Filing your taxes after filing for bankruptcy is not as complicated as it may seem, and if you are still confused after doing some research, you can always reach out to a bankruptcy lawyer. Tax Debt and Bankruptcy.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Debtor 119

Credit Corp

MARCH 3, 2023

Paying your taxes is never easy, especially if you owe a large sum of money to the IRS. In these cases, you may be tempted to pay your tax debt using your credit card. But can you pay your taxes with a credit card? It’s important to understand the benefits and drawbacks of using your credit card to pay your tax bill.

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Credit Card Debt Banks 94

Nerd Wallet

NOVEMBER 28, 2022

With the holidays right around the corner, taxes might be the last thing on your mind. The article 5 Tax Moves to Consider Before Year-End originally appeared on NerdWallet. But a little. Sabrina Parys writes for NerdWallet. Email: sparys@nerdwallet.com.

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Education 119

Fraser

DECEMBER 12, 2022

For tax years beginning in 2022, research and experimental (R&E) expenditures are no longer immediately expensed but rather must be amortized over five years (15 years for foreign expenditures). To illustrate, if a business spent $1,000 on domestic research activities in 2021, it could deduct the full $1,000 on its 2021 tax return.

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Government 92

Sawin & Shea

JANUARY 12, 2021

As tax time approaches, it’s the perfect time to think about how you can make good financial decisions. One of the most common assets that bankruptcy trustees seize is your tax refund. One of the most common assets that bankruptcy trustees seize is your tax refund. We can help you maximize the benefits of your tax refund money.

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Bankruptcy Chapter 7 bankruptcy Garnishment Repossession 124

Nerd Wallet

MARCH 21, 2022

But you might be in for a surprise when your paycheck arrives, and you realize, “Wait a minute — this gets taxed, too?” The article Bonus Tax Rate 2022: How Are Bonuses Taxed and Who Pays? Bonuses are indeed. Sabrina Parys writes for NerdWallet. Email: sparys@nerdwallet.com. originally appeared on NerdWallet.

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Credit Corp

FEBRUARY 9, 2024

After a long year, tax season is finally upon us. You’re probably getting all your ducks in a row—collecting all the information you need, choosing your tax software, and so on. If you’re a homeowner, you might be able to catch a few tax breaks—but can you get a tax break for buying a house?

Construction 52

Construction Government Loans Collections 52

Account Recovery

AUGUST 2, 2022

Discount Language in Letter Leads to Class-Action; Judge Grants MSJ for Defense Over Tax Language appeared first on AccountsRecovery.net. … The post Daily Digest – August 2.

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Fair Debt Collection Debt collector Collections 244

Credit Corp

DECEMBER 12, 2022

We’ve got all the information you need about the saver’s credit for 2022 tax returns and the 2023 tax year so you can maximize potential tax savings. But before we dive in, a quick note: if you have specific questions about your taxes, you might want to consult with a tax adviser. 2022 Tax Year.

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Prosperity Now

SEPTEMBER 18, 2023

In the Fall of 2022, the Tax Equity Funders Network and Prosperity Now came together to pose the question: what if we could change the tax system so that families of color struggling to make ends meet could get their taxes filed with little hassle and with low to no cost? What could that world look like?

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Nerd Wallet

OCTOBER 1, 2022

When you sell cryptocurrency, you’ll owe capital gains taxes on any profits from the sale. This is the same tax you pay when you sell traditional investments, like stocks or mutual funds. The tax rate you use depends on how long you held the cryptocurrency before selling. If you held it for a year or.

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Nerd Wallet

JUNE 8, 2021

This article has been reviewed by tax expert Erica Gellerman, CPA. An excise tax is a tax charged for items that are frequently seen either as socially harmful or as a luxury good or service. Luxury vehicles are subject to excise tax, as are alcohol, gas, airline tickets, indoor tanning and more. Excise tax is sometimes.

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Credit Corp

JANUARY 10, 2024

Federal tax brackets are specific taxable income ranges that dictate what your tax rate is. There are different filing types and different ranges for each one, so to determine your federal tax bracket, you must first know if you’re filing as single, married filing jointly, married filing separately or head of household.

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Education 52

Nerd Wallet

FEBRUARY 5, 2021

As millions of Americans embark on the annual ritual of tax preparation this year, many will buy tax software or hire human tax preparers — and it probably won’t be cheap. Tax software can easily run $100 or more for many people, and human tax pros charge $203 on average to do a tax return, Tina Orem writes for NerdWallet.

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Nerd Wallet

JANUARY 21, 2021

At tax time, it’s often hard to predict how much you’ll owe or receive in a tax refund without actually doing your taxes. But there are some telltale red flags that can mean an unwelcome tax surprise is headed your way, tax pros say. Here’s how to spot the signs — and how to keep. Tina Orem writes for NerdWallet.

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Nerd Wallet

AUGUST 12, 2020

An executive action President Trump issued Saturday on the deferral of payroll taxes could put more money in your pocket soon. The article What a Payroll Tax Deferral May Mean for Your Paycheck and Taxes originally appeared on NerdWallet. It’s temporary Many employees have. Tina Orem is a writer at NerdWallet.

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Jimerson Firm

NOVEMBER 30, 2023

Employers who provide non-cash, work-related benefits to employees should consider the potential tax implications of “fringe benefits”. 2-2020), qualifying expenses for travel are excludable under IRC Section 162(a)(2) if they are incurred for temporary travel on business away from the general area of the employee’s tax home.

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Trade Judgment Government 59

Credit Corp

FEBRUARY 1, 2023

According to the National Retail Federation, almost half of all consumers say they expect to file their taxes in February. If you know you’ll owe taxes, you might push off filing your refund until April so you have more time before you pay it, but what happens if you file your taxes late?

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Retail 98

Sawin & Shea

MARCH 21, 2023

If you’re struggling with overwhelming tax debts, you should consider all of your financial options , one of which is filing bankruptcy Chapter 13. With Chapter 13, you can pool all of your debts, including some types of tax debts, into a three-to-five-year repayment plan. Does Bankruptcy Clear Tax Debt?

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Chapter 13 bankruptcy Bankruptcy Debtor Creditors 64

Credit Corp

OCTOBER 7, 2020

Most years, the deadline to file your federal income tax is on or around April 15. If you miss this deadline, you can request to file on the October 15 tax filing deadline instead. There can be consequences for filing late, but the type of penalty depends on several circumstances: Did you request a tax extension?

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Government 106

Account Recovery

MAY 13, 2021

” In … The post How Hunstein and Tax Code Changes Are Impacting ARM M&A Market appeared first on AccountsRecovery.net.

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