There are a lot of reactions to the now-expired additional unemployment benefits of $600 per week during the pandemic. The reactions range from the extra money was needed to try and hold lives and the economy together to opinions that the money stopped people from working. Howard Dvorkin, CPA and Chairman of Debt.com said, “There …
“Dear Steve, I previously owned a company and went out of business due to a number of things. The IRS and the State of Virginia are being very cooperative and recognize my hardship. The Virginia Employment Commission is another matter all together. After several months of me paying them a very small amount, they have …
People are often under the impression that unemployment benefits are not taxable. On face value you’d think that public benefits for unemployment that help you to try to get by would not be taxed. But you’d be wrong. If you were paid unemployment benefits in 2011 and did not opt to have taxes withheld from …
The state of South Carolina and Bank of America have teamed up together to administer unemployment benefits to South Carolina residents. Unemployment benefits used to come in the form of a check but are now being issued in the form of a Bank of America prepaid debit card. Bank of America claims that it’s good …
James Quirin has been charged with an alleged theft of government funds on September 29, 2011 for fraudulent unemployment insurance benefits. Apparently, Quirin applied for Unemployment Insurance benefits in February, 2009, even though he was a gainfully-employed businessman receiving significant income. Quirin and several of his businesses were sued in federal court. Just before he …
“Dear Steve, We owe $25,000. in credit card dept, $5,000. in medical bills, and $6,000. in student loans. I have been receiving unemployment since June of 2007 and my Husband receives SS Disability. We live remotely so employment options are slim. Bankruptcy? Do we have any other option? Angela” Dear Angela, Well bankruptcy might take …
While many are worried about falling behind a bit on bills and the fear of a debt collector calling is a constant worry, now and in the coming months it is estimated that 4 Million American’s are going to lose their unemployment insurance benefits. Some say the unemployment benefits extension that Congress past previously that …
by Marian Wang, ProPublica Unless Congress acts to extend programs for those who have exhausted regular state unemployment benefits, millions of jobless workers may soon be phased out of emergency unemployment benefits. Unemployment benefits from states typically last for 26 weeks, but since 2008, Congress has on four occasions passed emergency provisions that use federal …
“Dear Steve, Two years ago I lost a job of 9 years to a change in command. I was doing well there making $96k a year. I found short term job for 4 months but they had to down-size to stay in business. After that I was off for 1 year. My wife and I, …
“Dear Steve, I lost my job in July 2009. Just moved to SC, 3yrs. ago. I bought home which of course the value has dropped. I now have credit card debt of $14,000. I am only getting unemployment which does not pay the bills. My family has been helping, but it is not fair to …