According to the Internal Revenue Service’s IRS rule 1.104-1, you are not required to pay taxes on the settlement amount that you receive for a wrongful death claim. The IRS classifies the wrongful death as a non-taxable settlement because it is part of a claim resulting from personal injury or physical illness. Understanding the taxable […]
Setting up a repayment plan is crucial as soon as you realize you have unpaid taxes. Have you known that you owe the IRS? The most important thing for a taxpayer to do in order to reduce penalties and costs associated with an IRS notification is to act immediately. Contacting the IRS often needs to […]
BOOK A FREE CONSULTATION NOW! Filing for bankruptcy is a great way to get your finances in order. It can be difficult to navigate the bankruptcy process on your own, as bankruptcy involves legal issues. Although you can file the case yourself, experts recommend that you hire a bankruptcy attorney in Pasadena to help you. […]
BOOK A FREE CONSULTATION NOW! No Fees Until We Win. Since then, people injured in many different accidents have called Tenina Law to talk to a San Fernando Valley California Personal Injury Attorney. We are well-known throughout California for obtaining our clients’ highest settlements and providing excellent client service. Hiring the best personal injury lawyer […]
Tenina Law and its team of Los Angeles bankruptcy attorneys have helped thousands of people and families find effective debt relief. Alla Tenina can help you get real, fast and effective debt relief if you are struggling with overwhelming credit card debts, mortgage payments that are too high, personal loans, student loan debt, medical bills […]
Filing for bankruptcy is a significant financial decision that can provide relief to individuals overwhelmed by debt. However, it comes with restrictions and consequences that you must understand. After filing bankruptcy, there are several actions you are not allowed to take. For example, you cannot discharge specific debts such as recent taxes, child support, or […]
Everyone should have an estate plan. You don’t need to worry if you are in your 20s and have little estate assets or if your relationship with family is not strong. Estate planning helps you prepare for the unexpected and ensures that your property is passed on to the right people at your death. A […]
1. Contact the Debt Collector or Creditor to Negotiate a Payment Plan You may be able to negotiate a payment plan, or settlement if the original creditor has sold your debt. This is because debt collectors purchase debts for pennies per dollar. You’ve stopped a wage garnishment from happening if you can agree on a […]
The labyrinthine tax laws are always intimidating for any individual or any business operator. Thousands of taxpayer jump into a quarrel with the Internal Revenue Service annually, and consequently, many end up in the tax court. Knowing the most commonly litigated tax issues will help you be better positioned to keep yourself and your business […]
Running a business is no easy task. From managing operations to balancing finances, business owners often face numerous challenges. When financial troubles begin to overwhelm your company, the thought of filing for bankruptcy might seem like an admission of failure. However, bankruptcy can actually be a valuable tool to help businesses regain control and emerge […]