Michigan Trust and Wills

SHOULD YOU FILE BANKRUPTCY BEFORE THE HOLIDAYS I have been asked this question many times over the life of my career. Should I file right before the holidays. If the thought of your phone ringing constantly during the holiday season with creditors calling every waking hour of the day, then this is a great time to get on the financial ball and get a bankruptcy filed. You can start the new year out right, you can eliminate that financial burden lingering over you. Think of this as a new resolution, one that you cannot fail at; you can get a fresh start to a new financial future. There are three reasons to file before the holiday season 1. You Can Look at Your Budget Now. The pre holiday season is actually a perfect time to create, and stick to a budget . With impending gifts to be bought and countless meals to plan for, not to mention office parties and social gatherings the bills can add up, and if you sit down now and budget before the holidays you can...

It is that time of year again, tax time. The phone rings off the hook as old clients try and navigate the occasional 1099-C form that they receive and the sinking feeling of owing taxes. Here are some publications that I suggest that you read.   IRS Publication 4681 . You will need  Form 982 , as well. Now, most creditors will not, or are not required to send this form out. But it happens from time to time. That is why the IRS has the from and publication mentioned above.  But fee free to ask me questions. *I am not a tax professional, I am not a CPA, or Tax Attorney, and all information and discussions pertain to the information provided in the Form 982 and IRS Publication 4681 and are subject to other interpretations by other professionals and lay persons and ultimately by the IRS. No information should be construed as legal advice and none is given, this is for general informational purposes only.