A Skilled tax Debt Attorney can help you get out of debt through several different options. These include installment agreements, lowering interest rates, and insolvency. All three methods have their advantages and disadvantages. Before you choose one, consider the benefits and drawbacks of each option. Below are some tips to choose the right tax debt…
Using a Landlord Assistance Program When Evicting an Uncooperative Tenant in Chicago
The moratorium on evictions in Illinois is a bit more strict than in other states. Illinois Governor JB Pritzker signed an executive order in April barring evictions for 30 days. That ban has been repeatedly extended, and it will expire on Sept. 22. Meanwhile, in Chicago, an ordinance passed by the City Council last year…
Farming and Fishing Income: Are They taxable?
While the tax benefits of farming may be attractive, there are many pitfalls to avoid. Using a business plan will help you determine whether your income is truly a profit. Also, remember to set up separate bank accounts for your business and to maintain a business plan. This will demonstrate to the IRS that your…
Should I Hire a Divorce Lawyer?
The laws surrounding divorce and family law vary from state to state, but one thing is for sure: court orders are not set in stone. Sometimes, one spouse loses their job and cannot afford alimony or child custody. Or, the other spouse may no longer feel safe with the child they shared with their ex….
What is Bankruptcy? A Guide for Consumers
When a person files for bankruptcy, creditors are legally allowed to collect a portion of the debt, but not all. A bankruptcy remains on the credit history for seven to ten years, making it impossible to get a mortgage or car loan for some time after filing for it. Bankruptcy laws were designed to give…