“Dear Steve, I have 2 credit card debts that total $30,000 that have not been paid in 4 years and the banks have written them off. 1 bank has already sent me a 1099 form last year and I already settled that tax debt with the IRS. I have no intention of paying these debt … Read more
“Hi Steve, My name is Abby. I am so happy to have found your website. I am really hoping that you can help me. This is my story: I am 35 years old. I use to be married. Had a great paying job. Owned a home. Had enough money to put away in an IRA. … Read more
“Dear Steve, Our house was foreclosed in march 2009 in california. we had a 1st and 2nd loan. we received a 1099-A for the 1st loan, but nothing for our 2nd. when we went to get our taxes done, our tax preparer was asking for a 1099 for our 2nd so we can put it … Read more
“Dear Steve, My wife and I have accumulated considerable credit card debt ($70K)while she was out of work for 5 plus years while raising 4 children. I have approx. $120K in a SEP IRA. I am 47 years old and my wife and I combined make approx. $150K per year. I owe $190K on my … Read more
“Dear Steve, Last year I was hounded by my mortgage company to refinance my home. I had not been late on any payments. I was OK with my payments, not in any type of financial bind etc. I finally relented and listened. They offered to reduce my interest, but the rate wasn’t worth the charges. … Read more
“Dear Steve, I’m a 39 year old single-mom of two, who makes about $30,000/yr. I currently have credit card debt of about $7800. No savings. No 401K. I usually get a tax refund of around $4000. So, my question is, do I pay off as many credit cards as I can with the refund or … Read more
“Dear Steve, First of all, FANTASTIC WEBSITE! What happens when you are issued a 1099 from a collection agency? I’m worried come tax time we will owe a lot of money to the IRS. Help! Charlotte” Dear Charlotte, The only reason you would be issued a 1099 would be if your debt was written off … Read more
“Dear Steve, Hi Steve, I helped my husband run his business, he paid me each month, and for the first time in our marriage, he said he will 1099 me at the end of the year. I unfortunatly have gotten myself in heavy debt, 32 thousand in only credit cards that are in my name … Read more
Attorney General Abbott Charges JK Harris With Misrepresenting Its Ability To Reduce Unpaid Tax Debts South Carolina firm’s advertisements overstated, misrepresented its tax resolution services AUSTIN – Texas Attorney General Greg Abbott today charged JK Harris & Company, LLC, its owners and two related firms with materially misrepresenting their ability to help Texans resolve their … Read more
It’s getting towards that time of the year again when tax bills will come due and many will hope for a big refund to save them from financial disaster. If you owe the IRS, one of the payment options is to use your credit card to pay the bill. But the IRS is special. They … Read more