Our goal is to provide our clients with an affordable program to get back on their feet financially. With our free financial analysis, a practical monthly payment can be achieved based on your current financial situation and personal goals. With your budget analysis, we can determine how many months you will be part of the program to affordably eliminate your debt down to a Zero balance.
The end result is that you will end up paying back considerably less than what you owe and you will be out of debt in a fraction of the time it would take you if you continued making minimum payments to your creditors.
Q: Who are our clients?
A: Our clients are individuals who have decided that they want to reduce their debts to a zero balance. First, you need to make sure that you're 100% confident in your decision to settle your debts, you will have responsibilities. Our clients found it difficult to get ahead financially and at times could not keep up with their monthly expenses.
There are indications that drive most clients to contact our office: health problems, sleeplessness, or stress due to mounting bills; inability to start new credit accounts; bounced checks or continually overdrawn bank accounts; regularly withdrawing cash advances from a credit card to pay minimum payments on other cards; all cards are nearing maximum balances; minimal or non-existent savings; utilizing credit for household purchases, groceries or utilities. Obviously, harassment from debt collectors should be an immediate signal that there's a problem. If you have no idea as to your actual balances because you've been avoiding the statements, it's time to speak with a representative at The Attorney Network.
Q: How much does your debt settlement program cost?
A: We pride ourselves by offering consumers one of the lowest fees in the industry for the Attorney Serviced debt relief program. There are several programs to choose from depending on your financial condition and your personal desires. There is a fee for negotiating the enrolled accounts for debt reduction services and they are included in your monthly payment. The Attorney Network does not charge a fee to discuss the debt reduction programs. Our debt consultation is absolutely free and we will gladly explain other options that are available to you. Our company representative will answer any questions or concerns and there is no charge for the qualifying or budget building process. Understand that everyone's situation is unique therefore we will tailor your plan to meet your individual needs and work comfortably within your budget. Now is the time to take that first step towards creating a debt free future for you and your family!
Q. If I enroll in your debt settlement program, will my credit score be affected?
A: Your credit score is likely to drop during any debt settlement program. However, during your debt settlement program, your total balances are being lowered over time as they are settled in full: a great start to recovery.
We feel that with heavy financial burdens and a struggling economy, taking a step back in order to move two steps forward is worth the temporary effect your credit score will experience. Any way you look at it, the effects of Debt Settlement on your credit will certainly be less damaging than the 10-year derogatory mark made by bankruptcy.
When you are "Maxed Out", and unable to keep up with minimum payments, your credit score may be negatively affected; resulting in the denial of additional credit.
When you are late with a creditor that is reporting to the credit history, your credit score may be negatively affected.
Q: Will I still pay my creditors directly while in the program?
A: Once a client, you will no longer pay your creditors that are enrolled into the settlement program directly. All of the debts you have placed with The Attorney Network for negotiations are organized into one affordable monthly payment used to pay your creditor a reduced settlement. You may choose to leave a creditor out of your debt reduction program, although we do not encourage you to accumulate additional debts while negotiations are in progress.
Q: What types of debt can be handled by the company?
A: As a general rule, any type of unsecured debt can be successfully negotiated. Any unsecured debts meaning credit cards, department store debts, medical bills, personal loans, old utility bills, repossessed car debts, charge offs, collection accounts and judgments.
Q: How fast will I see results?
A: The time to complete the debt settlement program varies from case to case and is based upon how much money you are able to set aside each month to eliminate the debt of your enrolled accounts. Because you begin to save month one, essentially you could have your first settlement within the first 90 days.
Once enrolled, we will mail you a complete Welcome Package. This kit will contain everything you need for the successful completion of the program. We will walk you through the entire program step by step, and negotiate settlements with your creditors on your behalf. Enrollment begins after your first monthly payment. We will then begin the process of contacting your eligible creditors as strategically necessary. Since you will begin to save your very first month, these amounts accrue in your settlement savings fund directly for the benefit of settlement negotiation. We will discuss every settlement offer with you and advise you on each procedure as it presents itself. You will also be provided with access codes to review our progress via internet. Progress can also be relayed over the telephone or mail.
It is important that you leave all communications with your creditors to us. If you have any questions or concerns during the program, you can immediately call your representative who will be happy to answer any questions you have. Our customer service department can also be contacted at any time: firstname.lastname@example.org
Q: Will I continue to get calls and correspondence from my creditors?
A: Once you are accepted into our Debt Settlement program you will direct all correspondence to our Debt Settlement team. Recent government legislation intended to protect consumers from unfair harassment (the Fair Debt Collections Practices Act), greatly limits collection agencies' contact with consumers. Depending upon the state, there are regulations specifying when and how often collection agents can call, and, if the agency's informed in writing that the borrower no longer wishes to be bothered, they'll be legally restrained from any attempts. Furthermore, once the borrower begins working with debt relief companies, the debt collector will be forced to submit all correspondence to the settlement professional. FDCPA regulations force collection agencies to speak with whoever holds power of attorney within debt negotiations. Keep in mind that there is no law that prevents creditors from sending written correspondence to you These Settlement letters and any other letter of concern should be forwarded to o
ur Customer Service Department.
Q: Are there any taxes I will incur?
A: Any creditor that forgives or writes off $600 or more of a debt's principal (the amount not attributable to interest or fees) might send you and the IRS a Form 1099-C at the end of the tax year. These forms are for the report of income, which means that when you file your tax return for the tax year in which your debt was settled or written off, the IRS will make sure that you report the amount on the Form 1099-C as income.
There are a few exceptions stated in the Internal Revenue Code. For example, if the financial institution issues a Form 1099-C, you do not have to report the income on your tax return if the cancellation or write off of the debt is intended as a gift, or you were insolvent before the creditor agreed to settle or write off the debt.
Insolvency means that your debts exceed the value of your assets. To figure out whether or not you were insolvent, you will have to total up your assets and your debts, including the debt that was settled or written off.
I have a charge for failure to stop and make available info, where i reside in the state of texas... i returned to the scene and i have insurance i was charged w failure to stop and endow with info Frankly Im sick and tired of...
Criminal Court Attorneys?
I have a charge for failure to stop and contribute info, where i reside in the state of texas... i returned to the scene and i have insurance i was charged w failure to stop and supply info Frankly Im sick and tired of attorneys trying to charge ridiculous prices for such a small case! (it actually flucuates...
Criminal Damage/Destruction Charge? Innocent? Legal Advice? Laywers attorneys paralegals imperative students HELP!?
So I was at a party and some kid pushed me into his girlfriends pane. They called the cops and told them I tried to push him and I flew back into the pane as a result of my failed attempt to push him. Well I never heard anything...
Criminal Damage/Destruction Charge? Innocent? Legal Advice? Laywers attorneys paralegals tenet students HELP!?
So I was at a party and some kid pushed me into his girlfriends glass. They called the cops and told them I tried to push him and I flew back into the windowpane as a result of my failed attempt to push him. Well I never heard anything...
Criminal defense attorney please?
Is it true that for a preliminary hearing before a trial, that it would not be surrounded by the interest of the defendant for his/her attorney to bring in witnesses and/or other defense moves, because it would show his hand up to that time the trial? I guess the prelim is when the DA brings in all...
CRIMINAL DEFENSE ATTORNEYS....?
I live in oregon. I have question i really need help near on "post-conviction relief" and appeals. If there's anyone who can help me out, please let me know and i'll endow with you my email address. please help...thank you. The following link offer information on post-conviction relief. My help would be to direct you to a attorney...
CRIMINAL DEFENSE ATTORNEYS....?
I live in oregon. I have question i really need help next to on "post-conviction relief" and appeals. If there's anyone who can help me out, please let me know and i'll make a contribution you my email address. please help...thank you. "> Go to the OSB state bar website and look up criminal defense lawyer If you...
Criminal Justice interrogate. Pretending u r a defense attorney?
You have just be hired as a lawyer at a small criminal defense firm. On your first day, Robert Crook enter into the office and asked to speak to an attorney. All of the other lawyers are at lunch so you enjoy to speak to Mr. Crook. Mr. Crook states that he...
Criminal Justice Question something like Defenses used by a defense attorney.?
Criminal Justice Question: NOTE: Andrea Yates was found guilty of capital murder contained by March 2002 for the deaths of three of her children. She was not tried for the other two death and was sentenced to life surrounded by prison with no parole for 40 years. What other defense...
Criminal Or Employer Attorney - How Do I Decide?
I am in a situation where I hold been facing reprisals since a previous employee file a civil lawsuit against the company I work for. I was coached on what to say to the Attorney from headquarters, but I told this attorney that I be already facing reprisals before the suite was...
Criminal statute attorneys i live contained by bakersfield and im trying to sue the sherrifs dept. but i cant find a attorney?
i cant find a lawyer here in bakers. or l.a that does those kindly of cases.can someone help me out .please! unless you have a lots of dosh to hire a lawyer or it is a major civil rights...
Defense attorneys and no offense attorneys. Fine answers for criminal cases but what in the region of civil cases?
You're on your own. The public is under no obligation to provide you next to an attorney for a civil case. stop asking the same cross-examine more than once.
Did the Obama supervision and the Attorneys General of NY and CT engross contained by criminal extortion against AIG?
US Code TITLE 18 > PART I > CHAPTER 41 § 872. Extortion by officers or employees of the United States Whoever, one an officer, or employee of the United States or any department or agency thereof, or representing himself to be...
Do district attorney's serve as prosecutors surrounded by adjectives criminal cases ?
and also all the cases heard by supreme court and court of appeals ? a attorney surrounded by the district attorney's office always handle criminal cases , since the district attorney is the only authority that has the powers to prosecute a crime above a summary offense I asked...
Do I want a civil attorney or criminal one?
I closed all my credit cards 6 years ago. Yesterday I found a civil arrest warrant (capias) in my letters box for I had not appeared before the sort out in February!! I was never served next to the summon and I had no clue of such a notice to appear and...
Do you focus attorneys should be appointed surrounded by civil cases, not a short time ago criminal?
Nope - But I do think that their fees should be regulated - some attorney fees are ridiculous They already are. What do you think a contingency tax arrangement is? no, why should taxpayers have to help nation sue each other or scrap over...
Do you have need of an attorney to expunge your criminal history?
Has anyone ever gone about expunging their record by themselves and did they succeed? You may jump to the Solicitor's office and see if you are eligible to have your diary expunge. It is called P.T.I. ( Pre Trial Intervention ) in which you will do some community service,...
Do you hold to know the allowed slang and corresponding motions to fire your criminal attorney?
and if so what is the motion and how should i approach this in court. John W is beyond doubt right If you have lost confidence contained by your attorney you should first try talking to the lawyer in the region of your concerns. Switching...
DO YOU KNOW AN EXPERIENCED CRIMINAL ATTORNEY OR HOMICIDE INVESTIGATOR IN TENNESSEE?
I am not sure I know one, but I could give you an online reference on criminal attorney. Who know this website could help you finding what you're looking for. Good luck! Source(s): http://www.criminalsattorney.info
Do you know of any accurate criminal defense attorneys surrounded by Michigan?
I need an attorney to expunge my record. Anyone on here a criminal defense attorney within Michigan? I am not a criminal defense lawyer in Michigan, however you can log onto (lawresearch.com) and they enjoy a referral service for all states and all areas of practice.~ I know oodles...
Do you know the whereabouts of a Female Criminal Attorney who practiced regulation within Arlington, Tx.?
Her name is Sandre Nohimeck. I think I own the spelling of her last name wrong, but it's close. Her department, when I knew her several years ago, was on S. Collins St. within a building called Harrison Aviation located at Arlington Municipal Airport. She...
Do you know the whereabouts of a Female Criminal Attorney who practiced ruling within Arlington, Tx.?
Her name is Sandra Nohimeck. I think I own the spelling of her last name wrong, but it's close. Her organization, when I knew her several years ago, was on S. Collins St. surrounded by a building called Harrison Aviation located at Arlington Municipal Airport....
Do you know the whereabouts of a Female Criminal Attorney who practiced tenet surrounded by Arlington, Tx?
Her name is Sandra Nohimeck. I think I enjoy the spelling of her last name wrong, but it's close. Her department, when I knew her several years ago, was on S.Collins St. surrounded by a building called Harrison Aviation, located at Arlington Municipal Airport....
Do you know what variety of attorney can facilitate me beside a vacate direct to verbs my criminal narrative?
Any lawyer beside any experience with criminal law should be capable of expunge your record as long as you have stayed out of trouble. An expungement of your transcript is usually only available if you have with the sole purpose one conviction....
Do You Think That Most All Criminal Court Judges In America (& elsewhere) Are Former Prosecuting Attorneys?
Being a long time court t.v. fan, this is something I have be wondering about... .I've been watching anything relateecstaticourt trials and the criminal justice system since I've been contained by school.Have you ever heard of defense attorneys becoming bench at the county or...
Does a litigation attorney specialize within criminal defense and premises liability?
What is a litigation attorney? And What do they do?? Attorneys have specialties Few are trial lawyers.In the covering of a criminal defense attorney That would be a specialty. Litigation attorney=trial attorney. Not all attorneys handle matter by going to court.
please visit : LawyerFreeFAQ.com
"Consolidate your bills into one monthly payment without borrowing"
"STOP credit harassment, foreclosures, repossessions, tax levies and garnishments"
"Keep Your Property"
"Wipe out your debts! Consolidate your bills! How?
By using the protection and assistance provided by federal law. For once, let the law work for you!"
While the ads pitch the promise of debt relief, they rarely say relief may be spelled b-a-n-k-r-u-p-t-c-y. And although bankruptcy is one option to deal with financial problems, it's generally considered the option of last resort. The reason: it has a long-term negative impact on your creditworthiness. A bankruptcy stays on your credit report for 10 years, and can hinder your ability to get credit, a job, insurance, or even a place to live. What's more, it can cost you attorneys' fees.
Advance-Fee Loan Scams
These scams often target consumers with bad credit problems or those with no credit. In exchange for an up-front fee, these companies "guarantee" that applicants will get the credit they want - usually a credit card or a personal loan.
The up-front fee may be as high as several hundred dollars. Resist the temptation to follow up on advance-fee loan guarantees. They may be illegal. Many legitimate creditors offer extensions of credit, such as credit cards, loans, and mortgages through telemarketing, and require an application fee or appraisal fee in advance. But legitimate creditors never guarantee in advance that you'll get the loan. Under the federal Telemarketing Sales Rule, a seller or telemarketer who guarantees or represents a high likelihood of your getting a loan or some other extension of credit may not ask for or receive payment until you've received the loan.
Recognizing an Advance-Fee Loan Scam
Ads for advance-fee loans often appear in the classified ad section of local and national newspapers and magazines. They also may appear in mailings, radio spots, and on local cable stations. Often, these ads feature "900" numbers, which result in charges on your phone bill. In addition, these companies often use delivery systems other than the U.S. Postal Service, such as overnight or courier services, to avoid detection and prosecution by postal authorities.
It's not hard to confuse a legitimate credit offer with an advance-fee loan scam. An offer for credit from a bank, savings and loan, or mortgage broker generally requires your verbal or written acceptance of the loan or credit offer. The offer usually is subject to a check of your credit report after you apply to make sure you meet their credit standards. Usually, you are not required to pay a fee to get the credit.
Hang up on anyone who calls you on the phone and says they can guarantee you will get a loan if you pay in advance. It's against the law.
Here are some tips to keep in mind before you respond to ads that promise easy credit, regardless of your credit history:
* Most legitimate lenders will not "guarantee" that you will get a loan or a credit card before you apply, especially if you have bad credit, or a bankruptcy.
* It is an accepted and common practice for reputable lenders to require payment for a credit report or appraisal. You also may have to pay a processing or application fee.
* Never give your credit card account number, bank account information, or Social Security number out over the telephone unless you are familiar with the company and know why the information is necessary.
The amount of garnished wages that are deducted by the state or by an IRS wage garnishment is based on martial status and the number of dependents. The amount of an individuals income that is exempt from the state or IRS wage garnishments can be figured by adding the standard deduction claimed on taxes and the amount claimed for exemptions and divide that by 52. For example, a family of three will only be allowed to keep about $325 per week.
Wage garnishments can be extremely devastating to individuals and their families. There are a number of tax relief agencies available nationwide where such individuals can turn to for emergency help with wage garnishments. By retaining a tax attorney, you may be able to be released of your wage garnishment or have the garnishment lowered by a percentage. Individuals may also be eligible to have interests and penalties reduced.
Federal income taxes reported uncollected taxes by the IRS in 2004 exceeded over $200 billion and increases to over $400 billion when considering the unreported income and unfiled tax returns. The IRS along with the United States Department of Treasury has demonstrated grave concern over the issues of unfiled tax returns and unreported income, making these issues a top priority.
The IRS has been enforcing its collection activity by over 26% last year alone. This includes about 1.8 million liens, levies, wage garnishments and seizure of personal bank accounts, homes and personal assets. When the IRS was challenged last year by professional tax relief attorney's, the IRS declared almost 3.90 million penalties null and void. This saved the United States tax payers $3.62 billion.
It's highly recommended that individuals who wish to be relieved of wage garnishments acquire a professional tax attorney instead of attempting to resolve the issues themselves. Over 85% of offers made by individuals are rejected by the IRS simply because the average person doesn't understand the process and the forms. Tax attorneys are professionals who understand the complicated forms associated with wage garnishments and who understand how to negotiate the best settlement possible with revenue officers. Retaining a tax attorney can save a great deal of time, money, patience and headache and allow individuals to focus on what's really important like work and family.
R.I.G.L 15-5-16 delineates the factors that the Rhode Island Family Court Judge should use in determining whether a Husband or Wife Qualifies for Alimony payment from the other spouse.
The Rhode Island Supreme Court Stated "Alimony is a rehabilitative tool intended to provide temporary support until a spouse is self-sufficient, and is based purely on need." Berard v. Berard The Rhode Island Alimony statute is set forth below. You should contact a Rhode Island Divorce Lawyer to get legal advice concerning your case.
Rhode Island Divorce Lawyer, David Slepkow 401-437-1100 has also written over 50 RI Law articles http://www.slepkowlaw.com/ri-law.htm
Rhode Island Divorce Articles: http://www.slepkowlaw.com/divorce-articles.htm
Generally, Alimony is awarded for a specific period of time, in increments which are usually weekly or monthly. Alimony could be awarded as a result of a Divorce settlement. If a party requests alimony or is unwilling to waive alimony and the parties cannot agree to an alimony award, then alimony may be awarded at the divorce trial.
Temporary Alimony may be awarded by the Rhode Island Family Court towards the beginning of the RI divorce. This temporary Alimony award will stay in effect until the final decision by the Rhode Island Family Court Judge at the RI Divorce Trial.
The intent of alimony is rehabilitative in nature. "alimony should be 'payable for a short, but specific and terminable period of time, which will cease when the recipient is, in the exerciseof reasonable efforts, in a position of self-support.'" Thompson v. Thompson
Alimony is usually awarded on a temporary basis but can be awarded on an indefinite and (perhaps what turns out to be permanent) basis if the facts justify indefinite alimony. The Rhode Island Supreme Court ruled that "Alimony may be awarded even for an indefinite period as long as the trial justice considers all the statutory factors."
Indefinite alimony may be ordered in a case where a party is seriously disabled or as a result of old age is unable to work. Indefinite alimony could also be awarded in a plethora of different factual circumstances.
The Court must look at "The health, age, station, occupation, amount and source of income, vocational skills, and employability of the parties" in making an alimony determination.
Ability to pay is a crucial factor in determining the amount of alimony and whether or not alimony should be awarded. There are many cases in which a spouse is in desperate need of alimony but the other spouse does not have the ability to pay sufficient alimony. In some cases, the spouse does not have an ability to pay because of a child support obligation to the other spouse or child support owed for other children.
Furthermore, according to The Rhode Island Supreme Court, "Section 15-5-16 does not explicitly prohibit one lump-sum award." However, lump sum award alimony appears to be disfavored under RI Law.
The best candidate for alimony is a spouse who put aside his or her career ambitions for many years to be a homemaker and care for the children. As a result of the role of nurturing the children and establishing and maintaining a home, the other spouse was able to advance his or her career in order to be able to afford to pay alimony.
In some cases, the family made a decision that one parent would put aside his or her career aspirations to raise a child or minor children. As a result, the homemaker's skill set is so outmoded that he or she is unable to obtain suitable employment. This is usually because the homemaker's job skills, employment history, licenses, training, skills, experience or degrees became outmoded or irrelevant. Perhaps the person does not have enough of an employment history to be able to be self supporting and self sufficient without receiving alimony. In some cases the spouse is unable to work because the spouse currently has a physical custody and placement of a young child.
For this type of person, the intent of an award of Rehabilitative Alimony would be to allow a person to build a work history, advance his or her education, employment training, licenses etc. so that the person can be self supporting and self sufficient in the future.
Another type of person who is an excellent candidate for alimony is a person who is temporarily disabled or permanently disabled especially if the marriage has been a long marriage. Another good candidate for alimony is a spouse who has severely disabled children which renders it difficult or impossible for the person to seek employment.
"The assignment of property must precede any determination of alimony because the needs ofeach party will be affected by the equitable distribution of the marital estate.Section 15-5-16.1(c). In determining the amount of alimony, the court must consider: "(i) [t]helength of the marriage; (ii) [t]he conduct of the parties during the marriage; (iii) [t]he health, age,station, occupation, amount and source of income, vocational skills, and employability of theparties; and (iv) [t]he state and the liabilities and needs of each of the parties." Section15-5-16(b)(1).6
Rhode Island Child Custody and Placement plays a role in an alimony determination. If the parties have children, the Court must also make an award of Rhode Island Child Support before the Court determines an alimony award. The Child Support award plays a large role in determining the resources of the parent with physical custody of the minor child. A child support order also may severely affect an individuals ability to afford alimony in the future.
The needs and expenses of both parties is crucial in determining alimony. Needs and expenses are intertwined with the standard of living of the parties. The Court may look at the following types of expenses and needs: rent, mortgage, taxes, insurance, food, health insurance, uninsured medical expenses, prescription expenses, dental expenses, cable, internet, utilities, heat, gas , vehicle expenses etc.
Although conduct is a factor in alimony determinations per the RI Alimony Statute, it is not a significant factor since alimony is basically need based. Conduct such as an affair, drug or alcohol addiction, gambling problem, domestic violence plays more of a role in equitable division of assets then in an Alimony determination.
An award of alimony has Federal Income Tax consequences. Alimony is taxable to the spouse who receives the alimony and is deductible by the spouse who pays alimony. In order to qualify as alimony,
Alimony must terminate on the death of the payee spouse and upon the remarriage of the payee spouse. Payment of alimony is a taxable event to the payee spouse.
This is very different from payment of child support. Payment of child support is a non taxable event. The parent who pays child support is not entitled to a deduction for payment and the receiving spouse does not include the payment as income. Therefore it is tax free money to the parent who receives the child support.26 U.S.C.A. 71.
The IRS has rules and regulations concerning what types of payments constitute alimony. The IRS has rules and regulations concerning when a parent tries to mask child support payments as alimony. Please consult with a Rhode Island Divorce and Family Law Attorney concerning the tax implications and rules concerning Alimony. A detailed explanation of tax rules, laws and regulations as they pertain to Alimony is beyond the scope of this article.
The designation of payments as alimony rather than property distribution has consequences in Bankruptcy Proceedings. An alimony award is generally not dischargeable in Bankruptcy. The interrelation between Family Law, Alimony and Bankruptcy is also beyond the scope of this article. Please consult with a Rhode Island Bankruptcy Lawyer/ Attorney.
Another important issue, perhaps crucial issue, is whether or not the parties enter into a property settlement agreement in the divorce. In order for the alimony to be completely non modifiable, the alimony must be agreed to in a Property settlement agreement. The Court has no power to modify a property settlement agreement. A Court can only enforce or interpret a property settlement agreement.
In the event of impossibility of payment, the Court could award equitable relief, equitably reforming the contract between the parties. Please contact a Rhode Island Divorce Attorney concerning whether or not it is advisable to draft a Property Settlement agreement in your case.
Proper drafting of a Property Settlement Agreement and Alimony provisions in a Property Settlement Agreement is beyond the scope of this article.
The length of the marriage is a very important factor that the RI Family Court Judge looks at in determining Alimony. The Court also needs to hear testimony concerning the party requesting alimony plan to become self supporting and self sufficient.
The Court can also look at the relative ability of both spouses to earn income and or acquire assets and property in the future.
If a person is ordered to pay alimony and does not pay alimony, the other person can file a contempt motion. If a person is found in willful contempt of a Court order they could be jailed until they purge themselves of the contempt. Rhode Island Family Court judges take failure to comply with their alimony orders very seriously. If the Alimony award is modifiable, either party could file a motion to modify the alimony based on a substantial change in circumstances.
§ 15-5-16 Alimony and counsel fees - Custody of children.
(a) In granting any petition for divorce, divorce from bed and board, or relief without the commencement of divorce proceedings, the family court may order either of the parties to pay alimony or counsel fees, or both, to the other.
(b) In determining the amount of alimony or counsel fees, if any, to be paid, the court, after hearing the witnesses, if any, of each party, shall consider:
(i) The length of the marriage;
(ii) The conduct of the parties during the marriage;
(iii) The health, age, station, occupation, amount and source of income, vocational skills, and employability of the parties; and
(iv) The state and the liabilities and needs of each of the parties.
(2) In addition, the court shall consider:
(i) The extent to which either party is unable to support herself or himself adequately because that party is the primary physical custodian of a child whose age, condition, or circumstances make it appropriate that the parent not seek employment outside the home, or seek only part-time or flexible-hour employment outside the home;
(ii) The extent to which either party is unable to support herself or himself adequately with consideration given to:
(A) The extent to which a party was absent from employment while fulfilling homemaking responsibilities, and the extent to which any education, skills, or experience of that party have become outmoded and his or her earning capacity diminished;
(B) The time and expense required for the supported spouse to acquire the appropriate education or training to develop marketable skills and find appropriate employment;
(C) The probability, given a party's age and skills, of completing education or training and becoming self-supporting;
(D) The standard of living during the marriage;
(E) The opportunity of either party for future acquisition of capital assets and income;
(F) The ability to pay of the supporting spouse, taking into account the supporting spouse's earning capacity, earned and unearned income, assets, debts, and standard of living;
(G) Any other factor which the court expressly finds to be just and proper.
(c) For the purposes of this section, "alimony" is construed as payments for the support or maintenance of either the husband or the wife.
(2) Alimony is designed to provide support for a spouse for a reasonable length of time to enable the recipient to become financially independent and self-sufficient. However, the court may award alimony for an indefinite period of time when it is appropriate in the discretion of the court based upon the factors set forth in subdivision (b)(2)(ii)(B). After a decree for alimony has been entered, the court may from time to time upon the petition of either party review and alter its decree relative to the amount and payment of the alimony, and may make any decree relative to it which it might have made in the original suit. The decree may be made retroactive in the court's discretion to the date that the court finds that a substantial change in circumstances has occurred; provided, the court shall set forth in its decision the specific findings of fact which show a substantial change in circumstances and upon which findings of facts the court has decided to make the decree retroactive. Nothing provided in this section shall affect the power of the court as subsequently provided by law to alter, amend, or annul any order of alimony previously entered. Upon the remarriage of the spouse who is receiving alimony, the obligation to pay alimony shall automatically terminate at once."
Rhode island (RI) Attorney David Slepkow Represents clients in all Rhode Island (RI) Counties including: Providence County Family Court (Providence, East Providence, Cranston, Barrington, Bristol, Warren, Pawtucket etc.), Kent County Family Court (Warwick, Coventry Etc.,) Newport County Family Court (Tiverton, Newport, Portsmouth, Middletown), Washington County Family Court ( South Kingstown, Wakefield etc.)
Rhode Island legal Notice per RI Rules of Professional Responsibility:
The Rhode Island Supreme Court licenses all Lawyers / Attorneys in the general practice of law, but does not license or certify any lawyer as an expert or specialist in any field of practice.
How can you settle a credit card debt without using a "credit counselor?"
Credit counselors don't actually settle debt, but it's a common misconception the general public shares. How many of us really know how this credit and debt stuff works?
FYI: "credit counselors" do not settle debt. They often are able to reduce interest rates, and collect the full balance through a debt management plan where you pay them one single payment each month while they pay your creditors for you (hopefully), in full.
There's a lot of information floating around about this; some good info mixed with some dangerously incomplete info...
Here's a quick step-by-step guide for you to accomplish your goal of settling credit card debt yourself:
First, let's clear up a few things. Then I have three "keys" for you to follow...
* Considerable time is required to document, communicate, negotiate and follow up to achieve these results.
* There are many strategies and factors to consider that impact results.
* There are plenty of pitfalls to avoid.
* Settling yourself for 2/3rds can be a reasonable goal.
The general consensus of industry professionals and insiders I know tell me overall, "doing-it-yourself," consumers settle credit card debt on their own for about 75% on average. My close friends who are pros and found themselves in financial hardship recently, have achieved 10% settlements on many of their own personal credit card accounts -- but this is only because they were willing to go the extreme distance and knew exactly what they were doing. These folks are the exception.
Many people are unsuccessful getting any reduction of their debt at all on their own, without even any relief from double-digit interest rates. These folks remain stuck on the exhausting treadmill of slavery to debt and money.
Professional negotiators (including attorneys and arbitrators) average about 50% settlements (some much better than others), and usually charge about 15% in fees (may vary by program type), putting the total cost to use a professional debt settlement service at an average of about 65% or less of your total unsecured debt.
Creditors DO give professionals representing a large volume of debt "special treatment" because large professional negotiators are the "bread and butter" for most collectors. They deal with each other every day. When a professional debt settlement negotiator comes to the table representing millions of dollars of client debt held with a single major creditor, it creates serious leverage for the consumers represented by the professional. Creditors are willing to settle for substantially less than individuals would normally be able to achieve on their own.
Still, I've helped many folks who have a knack for communicating, negotiating, documenting and following up (the four critical skills you'll need to do this) to get settlements as low as 45-60% regularly.
Make sure you're ready to do all the communicating, negotiating, documenting and following up required all on your own before you start.
AND if you are...
Here are the keys to help you accomplish this yourself:
KEY # 1) The accounts must be delinquent.
Creditors will not settle for anything less than the full balance until your accounts are seriously past due, usually 180 days + after "charging off." This is because when creditors "charge off" an account (an accounting entry), they are taking a tax benefit on the account by writing it off as a loss. This de-values the account, and it is no longer worth the full balance owed. In fact, the normal course of business is to sell the "bad debt" to a third party debt collector.
STARTLING FACT: In 2006, "bad debt" was sold to collectors for an average of $0.034 cents on the dollar. That's 3.4%! Keep this in mind. This is exactly WHY debt settlement works so well, because it's a better deal to the creditor or collector than any other option, such as a lawsuit, collections or bankruptcy.
With the economy getting worse and bad debt expected to more than double in 2009, expect the value of bad debt to drop, which means better settlements and more savings for you!
KEY # 2) Documentation BEATS Conversation, every time.
DO NOT make any payments by phone.
Collectors will almost always ask for a check by phone. Say this:
"Unfortunately I'm unable to make a payment at this time; and am hoping to bring resolution to this matter as soon as possible. I understand you want me to make a payment right now, but that just isn't possible. I will have $_________ (state an amount that's roughly 35-50% of your balance, not a percentage but a round number) soon and want to settle at least one of my accounts with whoever will give me the best deal. Can you please send me an offer in writing?"
HINT: You can do this initially or in response to a settlement offer that's too high... Write a "Hardship Letter." Hand write or type up a letter describing your situation, your inability to pay and include information such as, divorce, medical issues, loss of job, disability or reduced income. Any information regarding your personal hardship will help your negotiation, so don't hold back. Send this letter along with a request to settle the account for $_______ (again, a random amount roughly equal to 35-50% of your current balance).
Talking sincerely about your financial hardship, lack of income and inability to pay when requesting a settlement offer over the phone can help a lot. Think sob story, but be sincere. Still, in this game... documentation beats conversation, every time.
Track everything (documentation)... who you speak to, their name, phone number and extension, date and time. Keep everything organized in a folder, easily accessible.
NOTE: Certain creditors such as CitiBank, Discover, Kohls, Target and Chase if you live in FL, NY or OH will not settle for such small amounts. You should accept 60% to 75% in these situation and consider it good. All are more likely to pursue legal action as well.
KEY # 3) Use certified mail with return receipt.
Once you get an acceptable settlement offer in writing, send a check. But first... Write your account number for the account you are settling on the check and in the memo write "FOR PAYMENT IN FULL." Send the check along with a COPY of the settlement offer by certified mail with return receipt.
Once the account is paid to a zero balance, you can do the normal process of credit repair and quite possibly have the account removed through disputing it and requesting verification.
"Do-It-Yourself" Debt Settlement is like doing your own taxes or dental work!
Sure, it's possible. Some people are naturally good at it and even enjoy it, but most of us would rather leave it to a professional to get it done right the first time.
In response to additional requests, I've sorted through all the "Do It Yourself " products on the market, thoroughly.
If you want to do debt settlement on your own, you certainly can. It's like changing your own motor oil... while most people don't want to get their hands dirty, you certainly can do it yourself.
It does help (big time) to have expert guidance instead of learning on your own through trial and error (expensive and stressful). The cost of these programs should be dwarfed by the additional savings you'll realize by "doing right" the first time.
I highly recommend these top quality "DIY"Debt Settlement Resources:
DIY Debt Settlement Kit or DIY Debt Settlement Coaching
Sure, it's possible. Some people are naturally good at it and even enjoy it, but most of us would rather leave it to a professional so the job is done right the first time.
This sums up the process of settling your own debt. A professional debt settlement program makes a lot of sense if the cost to you is the same or less than doing-it-yourself and you get to let the pros do most of the work for you.
Of course, hiring the right professional is a different discussion. However, watch out because there are only a few "good ones" out there. There are many unscrupulous salespeople who would lead you astray for their own gain.
No matter what, make it a priority to be debt free ASAP, and stick to it.
Nothing feels as good as freedom after you've been a slave!
Tax relief is deductions that help reduce the original amount of tax owed to the IRS. Reductions include tax savings in the form of allowable deductions that may include pension, contributions, capital gains losses, and business losses.
Tax relief companies offer help to those in need of tax debt relief. It is often a good idea to talk to such a company to use their expertise for your personal situation. There are many companies that can assist you in lessening your tax stress.
Tax relief is generally for those who are exceedingly behind on their taxes. Not only are they behind on their taxes but they have a special circumstance which prevents them from paying the amount that is due to the IRS.
Sometimes it is difficult to know what options are available when you owe more money on your taxes than you are able to pay at the time. Relief companies provide help by relieving or at least lessening your tax burden.
Located in the United States, there are more than thirty thousand enrolled agents that can help you with your tax problems. With this many to choose from you are sure to be able to find an experienced and honest agent.
Tax relief consultants help to settle a tax arrangement with the IRS. When the IRS or state tax authority is trying to collect money from you that you don't have your relief company will help you handle the issue.
These consultants are a liaison, between the tax payer and government. Sometimes, depending on the situation, they are able to reduce the amount of taxes that a person owes.
The IRS has set up guidelines to assist those who financially cannot afford to pay back what they owe in taxes. There are many solutions when you find yourself in a tight tax position.
Tax relief agencies provide experienced tax attorneys, accountants, and other professionals that can look closely at each individual situation. From this, they work quickly to do whatever they can to set up relief that will be manageable for your situation.
One way to settle your tax debt is with a payment agreement called, an offer in compromise. This is a very common method for tax relief.
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service. This agreement settles the taxpayer's tax liabilities so that they owe less of the amount that they originally owed.
Once the offer in compromise has been paid in full, all Federal tax liens against you will be stopped. One important thing about receiving an offer in compromise is that you must keep current with the payments and your taxes for the next five years or else your agreement may be absolved or other problems may occur.
There are other methods that may work to get relief from the IRS. One is a payment plan. This is for those taxpayers who can't afford to pay off their entire tax debt at one time or for those who cannot afford large payments.
Payment plans can be a great way for taxpayers to get their taxes paid off in installments rather than one huge payment. It is an effective method for many that are in need of such relief.
In order to qualify for a payment plan, the taxpayer must submit paperwork to even be considered for qualification. The paperwork needs to show that making a large payment to the IRS would have a very negative effect on the person's monthly living expenses. This highly depends on salary, number of dependents, and other financial figures.
If a payment would be considered highly negative, the IRS is generally willing to come to some form of financial agreement. For a person to receive this type of help, they must contact the IRS directly or work through an agency.
One problem you should be aware of is that some tax relief companies are paid on commission. While getting paid on commission does not necessarily make the company untrustworthy it may change the motivation of the employees.
Their motivation changes from focusing on you to focusing on the amount of clients they can get. Commission based companies also tend to be more expensive than other companies.
When finances are tight and you need to pay your taxes turn to a tax relief consultant to help you with the situation.
Tax relief is basically defined as deductions that help reduce the original amount of tax owed to the IRS. Reductions include tax savings in the form of allowable deductions such as pension contributions, capital gains losses, and business losses.
Tax relief companies try to offer help to those in need of honest tax debt relief. You can find a tax relief company that will fit your needs by assisting you to lessen your tax stress.
This type of tax relief is generally for those who are exceedingly behind on their taxes and absolutely cannot pay the amount that is due. Those taxes are paid to the Internal Revenue Service, also known as the IRS.
Most of the time, it is not easy to figure out what options are available when you owe more money than you can pay. Tax relief companies provide help by relieving or at least lessening your tax burden. There are a few different methods that can help relieve your tax burden.
In the United States, there are more than thirty thousand enrolled agents. Among these you are sure to be able to find an experienced and honest tax relief agent.
They may be able to help you figure out an arrangement with the IRS. This is important, especially when the IRS or state tax authority is trying to collect money from you that you do not have.
The IRS has set up guidelines to assist those who financially cannot afford to pay back what they owe in taxes. It is possible to reduce and possibly even completely eliminate the financial stress of taxes depending on the situation.
This is where tax relief companies come in. They are a liaison, between the tax payer and government, to help reduce the amount of taxes that a person owes.
There are many solutions when you find yourself in a tight tax position. Tax relief agencies provide experienced tax attorneys, accountants, and other professionals that can look closely at each individual tax situation.
From this, they work quickly to do whatever they can to set up tax relief that will be manageable for you.
One way to settle your tax debt is with a payment agreement called, an offer in compromise. This is a very common method for tax relief.
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer's tax liabilities so that they owe less than the full amount they originally owed.
An offer in compromise provides tax relief to those who really need it. Once the offer in compromise has been paid in full, all Federal tax liens against you will be released and the entire tax debt will be absolved.
After receiving an offer in compromise, you will need to make sure that you stay current on your taxes and payments for the next five years. There are a few other methods that may work to get tax relief from the IRS.
One is a payment plan. This is for those taxpayers who can't afford to pay off their entire tax debt at one time or for those who cannot afford large payments.
Payment plans can be a great way for taxpayers to get their taxes paid off in installments rather than one huge payment. It is an effective method for many that are in need of tax relief.
In order to qualify for a payment plan, the taxpayer must submit paperwork. This paperwork needs to show that making a large payment to the IRS would have a highly negative effect on the person's monthly living expenses.
If this is the case, the IRS is generally willing to come to some type of resolution. For a person to recieve this type of tax relief help, they must contact the IRS directly or work through a tax relief agency.
One problem that can occur with some tax relief companies is that the sales team is paid on commission. Many companies have a sales staff that is paid on commission.
These employees would be the ones to answer the phone or reply to the internet forms or applications found on the company website. While getting paid on commission does not necessarily make the company untrustworthy it may change the motivation of the employees.
Instead of being motivated to help you they are motivated to get as many clients as possible. Their commission becomes the focus instead of concentrating on getting you the tax relief you need.
Keep in mind, that commission based companies also tend to be more expensive. When finding the company that will be best for you the best choice will often be the company that does not pay employees based on commission.
It is a misconception that only tax attorneys and IRS enrolled agents can help you deal with your debt problems. In most cases, depending upon the tax debt issues that you have incurred, a CPA can help you solve your tax debt issues just like any other IRS Enrolled Agent and a Tax Attorney.
CPAs have years of experience dealing with IRS so it is best to look up a CPA tax advisor that has years of experience dealing with tax related issues and have varied experiences in tax preparations to tax filing and audits. If you have a small debt or it is just a case of amending the tax return, a CPA with tax experience is what you really need. In more serious cases where bankruptcy needs to be filed then you actually require the help of a tax attorney.
Before you choose to do your own taxes or hire someone to do them for you contact a CPA first. Several tax relief firms offer fast and easy service by providing a team of tax relief workers such as former IRS agents, tax attorneys and accountants who can help with any tax problem. You can solve any tax problem immediately if you have the right CPA working for you. In some cases, you may need to pay taxes and that can be very costly but the IRS does provide some types of pay back help including payment arrangements and discounts. Your CPA knows what payment options the IRS allows.
If you want to get out of debt use anyone of the five CPA's tax debt strategies most used by:
1. Monthly payment plans to pay your debt to IRS. This is also known as an Installation Agreement.
2. Offer in Compromise is a way that you can pay off the IRS at a reduced amount in a short period of time.
3. Not currently collectable is another option that gives the person who owes the IRS money but cannot pay it for a year or more. The IRS agrees not to begin collecting until a certain date.
4. Partial payment instalment agreement allows you to pay a reduced amount to the IRS over a long period of time
5. Filing Bankruptcy. Although there are rules to discharging tax debts it can be done by filing bankruptcy but this should be the very last option for you.
Most small sized business need the best advantages for the business to improve and tax saving can go a long way to help tide over financial requirements. You can help your business prosper by utilizing tax credits and saving on tax liability.
Your CPA will be able to point you in the right direction. If you have a tax debt that needs to be paid, don't avoid it any longer.
This check list will help you weed out the tax relief scammers, as well as the merely inept attorneys and CPAs out there who will leave you with their high fees, your original tax debt, plus additional penalties and charges.
There's the IRS Taxpayer Advocate Service. They won't help you in an audit except to tell you who your auditor is and how it is progressing. If you think you've been treated unfairly by the IRS, these are the folks you complain to.
As detailed as this article is, don't forget that you can find more information about tax relief act or any such information from any of the search engines out there. Commit yourself to finding specific information therein about tax relief act and you will.
With the help of a tax professional you can make sure that you get an installment agreement that works within your budget.
In fact, the only way it will be accepted is if you can demonstrate an extreme circumstance while also offering at least what they determine to be the reasonable collection potential.
If your cancellation of debt relates to a rental or investment property then you need to be particularly careful. Dealing with tax issues associated with rental or investment property can be very challenging so you should seek the help of a professional.
It might interest you to know that lots of folks searching for tax relief act also got information related to other surf fishing baits, deep sea fishing, and even fishing lure here with ease.
This check list will help you weed out the tax relief scammers, as well as the merely inept attorneys and CPAs out there who will leave you with their high fees, your original tax debt, plus additional penalties and charges.
Give the auditor no more information than she is entitled to, and don't talk any more during the audit than is absolutely necessary. Don't give copies of other years' tax returns to the auditor.
As detailed as this article is, don't forget that you can find more information about tax debt relief or any such information from any of the search engines out there. Commit yourself to finding specific information therein about tax debt relief and you will.
If you have unfiled tax returns you need to do something about this right away. You don't have anymore time to wait. The longer you put this off the better chance there is of the IRS finding out, getting in touch with you, and making your life miserable.
You can pay your offer in compromise in three ways: deferred periodic payment offer, short term periodic payment offer, or a lump sum cash offer. If the IRS accepts your offer in compromise they will want to know how they are going to get paid the agreed upon amount.
If the cancellation of debt resulted from the disposition of your primary residence and you don't qualify under the Act, you may be able to qualify under the insolvency exclusion.
It might interest you to know that lots of folks searching for tax debt relief also got information related to other new jersey surf fishing, marine, and even steelhead flyfishing here with ease.
The IRS may prepare a return on your behalf based upon the limited information that they have on record. They will then make a tax assessment against you.
This check list will help you weed out the tax relief scammers, as well as the merely inept attorneys and CPAs out there who will leave you with their high fees, your original tax debt, plus additional penalties and charges.
Tin foil hat conspiracy theorists claim that the whole tax resolution industry is nothing but agiant tax relief scam. They say the IRS works for you, the people, and the IRS has your best interests at heart. You can beat an IRS audit, they say, with the free tax help the IRS provides. If you believe that, I've got a bridge in Brooklyn I'd like to sell you.
If this article still doesn't answer your specific bush tax relief quest, then don't forget that you can conduct more search on any of the major search engines like Search. To get specific bush tax relief information.
If you want to settle IRS taxes with this option you should learn more about the forms that need to be filed, as well as if you have a legitimate chance of your offer being accepted.
you should be ever find yourself in a situation where you cannot afford to pay your tax bill at least you need to file your return.
Many people consider an offer in compromise to try to reduce any balance they owe to the IRS. The reality is that it may be difficult for the average person to complete an offer in compromise settlement.
Many people searching for bush tax relief also searched online for fishing info, largemouth bass fishing tips, and even robertsons fishing tackle.
Our blogger needs to find out what remedies are available through bankruptcy. The remedies of Chapter 7 and Chapter 13 are different. First, what type of Bankruptcy does our blogger qualify for? If our blogger qualifies for a Chapter 7, but needs the remedies of a Chapter 13, then our bloggers' Chapter 13 can be for as few as three (3) years or as long as (5) years, depending on the debts our blogger must pay (in a Chapter 13, priority and secured debts must be paid, the unsecured creditors receive a percentage payment on the amount they are owed) and how much "disposable income" our blogger has. We know our blogger has tax debt. This must be paid in full through a Chapter 13 plan and is a determining factor in the minimum amount the Chapter 13 monthly plan payment will be.
The changes in the Bankruptcy Code added a three (3) part test to determine if our blogger qualifies for a Chapter 7 (liquidating) Bankruptcy or Chapter 13 (repayment plan) Bankruptcy. The first and second parts of the test are based on our bloggers last six months of income from all sources, multiplied by two, to determine our bloggers "annual income". The third part of the test is based on our bloggers current income and expenses.
Part One compares our bloggers "annual income" and household size with the local standards of "median income level" for the same size household. If our bloggers annual income exceeds the "median level income", then our blogger qualifies for a Chapter 13.
Part Two subtracts our bloggers secured monthly payments (i.e. monthly mortgage or auto payment), allowable necessary expenses (IRS standards based on household size), and mandatory tax and insurance deductions from our bloggers monthly income ("annual income" divided by the number of months in a year). If there is no "disposable income" remaining after these expenses are deducted, then our blogger qualifies for a Chapter 7 and can also elect a three (3) year Chapter 13.
The third and last part of the test looks to our bloggers current monthly income and expenses. After subtracting expenses from income, if there is "disposable income" which when multiplied by 60 would pay 25% of our bloggers total unsecured debt, our blogger qualifies for a Chapter 13.
Sounds complicated? The changes in the Bankruptcy Code made it more difficult for the honest debtor to seek relief, but not impossible.
Call the attorneys at the Stone Haven Law Group today to learn more about whether bankruptcy is right for you and which Chapter may apply.
10 Thinks Bankruptcy Court Won't Tell You, Smart money Magazine by Elizabeth O'Brien, Published September 30, 2009.
Both the state and federal authorities offers a number of such relief programs so as to reduce the levy. You can avail such reductions on your property and income. This type of relief is also available for the small business owners. Though it may sound simple, obtaining them is often challenging. This is where you will need attorneys who have such expertise. These legal representatives have proper training and are thorough with the constant changes that are made to the federal and state level tax regulations.
In most of the cases, such reductions are offered for the senior citizens and those belonging to the low income groups. Thereby, your legal representative plays a crucial role in obtaining such a reduction quickly and easily. The services offered by them include settling your tax debt so that you have to pay the minimal amount, trust fund recovery, audit representation, planning you levy, and stopping wage garnishment. In addition, they provide advice regarding your investment.
These lawyers are well acquainted with the various criteria, rules and procedures that are followed so as to declare tax penalties against you. The Internal Revenue Service or IRS declares such penalties if you fail to pay your duty revenue or do not file your return. You will also have to pay penalties in case you are accused with information related or return related violations. In fact, there are more than 140 different types of penalties that IRS can declare against you.
However, you do have the right to defend yourself against these penalties issued by IRS. You can also have your case reassessed if you have reasonable cause for not paying your duties. These may include death, service error, serious illness, disastrous circumstances or unavailable absence. In case the lien has been filed against you, IRS will let you know about the hearing within 5 days. You can contest or disagrees with the lien at the court hearing. Such lien will be discharged if you pay the debt. It is the job of the attorneys to provide the necessary documents and bargain on your behalf for a reduction.
However, it is not only a tax debt attorney that you need; your legal representative must be experienced and have expertise in this field. Otherwise you may end up loosing the court case. It is the duty of these lawyers to tell you about your rights and other benefits that you can enjoy.
There are several reasons that may lead to such liabilities. In most of the cases, people do not realize until they get official notice from the IRS (Internal Revenue Service). These types of liabilities are often created when one faces financial crises due to unemployment, losing jobs, alimony or divorce. Usually, they keep on accumulating and thus increase the burden of your debt. The IRS usually charges higher penalties that you have to pay apart from the accumulated taxes.
The primary task of such an attorney is to get some of your dues waived off. Though you will have to pay the dues, there are chances that IRS will offer a reduced amount. As a matter of fact, such heavy penalties are levied only to discourage the defaulters from continuing the practice. An expert legal representative will negotiate with the IRS official and will help you to get relief from this burden. They will also plan payment schedules that suit your budget. In addition, it is the responsibility of your lawyer to locate all those possibilities that may work in your favor during the IRS proceeding.
These days, you can conveniently find such lawyers online. There are many firms that offer this type of services. They also provide the area of their expertise according to which you can appoint them. Moreover, there are certain sites and legal directories that list the contact information of the tax debt attorneys. However, always remember to verify the credentials and expertise of the firms as well as of the lawyers before opting for one. Also, compare the services and fees of several different firms and go for one that offers the best deal.
The collection procedures of this federal agency are indeed dreadful and they have no remorse to seize your assets. At times their "bad faith" concept, based on which they are likely to seize your property, could be incorrect. Even in such cases IRS will file accusations against you. It is then your duty to provide necessary papers and other documents to prove your innocence.
The following are some methods that will help you to avoid such situations:
The best way to avoid any kind of confrontation with this federal agency is to pay your debts on-time. If there are any defaults, it is better to peak to the concerned person and pay all your liabilities.
There is a relief method with the help of which you can settle the existing liabilities for less than the amount you actually owe. This process is known as "in compromise". However, there are certain prerequisites that you have to meet in order to take advantage of this relief method.
Another such method includes installment agreement. With the help of this you can you can pay your debts over many months. This offer is specially meant for those taxpayers who are unable to pay the total amount at a time.
Attending IRS tax debt relief calls for certain legal procedures. There are legal professionals who are expert in dealing such tax debt penalties and will help you to get the relief. These attorneys work as mediators and negotiate with the official of the IRS on your behalf. Always keep in mind that whatever you speak can be used against you by these federal officials. Thereby, it is important to hire a professional who has proper knowledge and skills in order to deal such matters. In addition, you will need to consider all the available relief methods so get rid from the penalty burden.
You can conveniently find these legal representatives online. There are several tax firm sites that have experts to deal with these debt relief methods.
Paying tax is a federal regulation that is punishable for those who fail to abide by it. There are situations when we would normally find ourselves in the situation and we have to face some serious penalties. This is when you would realize that you would need an expert to help you solve the tax problems that you would be facing so that you escape some of the penalties. You would also need the assistance of the experts when you are facing tax fraud cases.
However, you may come across several professionals claiming to have the power to help you handle the issues and charges you are facing. Still, you need to understand that only IRS tax attorneys have the power and the mandate to handle such cases. Yes, you may argue that a professional lawyer may also help or even an accountant would also help but you will agree that they both cannot get to what an IRS tax attorney can do for you.
Why specifically IRS tax attorney
If you need to know why you must hire an IRS tax attorney, then you have the following reasons to consider. They have several advantages that they would help you achieve unlike the other attorneys or accountants. They would help you get the compromise that you have been looking for. They have the power to help you get tax alien subordination unlike the other professionals mentioned.
Because their major focus is on the tax issues, you can be sure that they will help you get the release or the withdrawal that you have been looking for. They have the capability to help you with the wage levy and bank account garnishment issues that you may have. The other reason why you must hire an IRS tax attorney is that they are capable of rendering the civil and criminal additional examination.
For your entire tax fraud defense needs, you would have to ensure that you are getting someone whom you are sure would be able to grant the kind of help that you need. There are situations where you would have skipped paying your taxes; you would have to take on the help of these experts to help negotiate for the right installments agreement that you would be comfortable with paying.
Innocent spouse relief help is the other reason why you would need to hire IRS tax attorneys. They can also help with your back tax needs, penalty abatement as well as trust fund penalty defense. You must never let anyone cheat you that you can do with just other attorneys.
Any assistance required on your payroll tax, as well as employee and subcontractor classification issues must only be settled by an IRS attorney.
There are so many reasons why you must hire an IRS tax attorney which you would need to make use of. Tax consulting, attorney opinion letters and technical memoranda are just among the many advantages as well as reasons why you would find this kind of attorney very useful to work with. Transcript analysis, trade and business expenses, hobby losses are just the help you would be able to get.
In this challenging economy and involving a divorce, it is recommended that the asset be sold, but if that fails refinancing might be a possibility or perhaps a short sale. Until the asset is sold, both spouses should remain on the title regardless of who is making the payments. It is sometimes possible in the short sale of a home, that any promissory note to the bank for the remaining balance of the loan be divided between both parties if the lender is agreeable. This all has to be properly negotiated. Sometimes, the homeowners can negotiate for no promissory note.
Regarding loan modifications, it is interesting to note that income from any adult living in the home can be considered if they are contributing to the household expenses and are willing to be obligated to the new modified loan. Often times, a divorcee will have a significant other living in the home.
In Michigan, a new law took effect in July of 2009, to require a 90 day pre-foreclosure period, during which time the homeowner is entitled to request a meeting with the lender's designated agent. The agent is required to negotiate in good faith to find a way to modify the loan.
If you are facing foreclosure, experiencing mortgage fraud, or have questions regarding how to obtain a short sale or loan modification, call Foreclosure Prevention Institute, LLC at 1.800.826.1929. They have a team of attorneys to help you and will provide you with a free evaluation. There are no upfront fees and financing is available. Visit http://ForeclosurePreventionInstitute to learn more about Forensic Loan Modifications, Forensic Audits, Short Sales,Modifying Loans, and other Loss Mitigation Services. Call 1.800.826.1929 today and get relief. Time is working against you and is costing you money.
IRS OFFER IN COMPROMISE GUIDELINES.
An IRS Offer in Compromise ( also known as an "OIC" ) is an excellent way to settle your IRS Tax Debt with the IRS for much LESS money than what you currently owe. This Settlement of IRS back Tax has been commonly known as "pennies on the dollar". An IRS Offer in Compromise ( IRS Tax Settlement ) should be considered by all taxpayers who cannot pay the IRS in a lump sum.
Under federal tax regulations, "[t]he IRS will not levy against the property or rights to property of a taxpayer who submits an IRS Offer in Compromise, to collect the liability that is the subject of the IRS Offer in Compromise (OIC), during the period the offer is pending, for 30 days immediately following the rejection of the IRS Offer in Compromise, and for any period when a timely filed appeal from the rejection is being considered by Appeals."
Once the IRS decides that an IRS Offer in Compromise (OIC) is processable and that the IRS Offer in Compromise includes all the paperwork and forms properly filled out, the IRS must stop IRS Wage Garnishment / IRS Wage Levy / IRS Bank Levy actions under §6331.
If the Offer in Compromise is missing documents or forms, however, the IRS can (and the IRS will ) return the paperwork to the Tax debtor as un-processable, and the IRS can (and the IRS will) then proceed with an IRS Wage Garnishment or IRS Levy of your wages/property.
All the more reason to have highly skilled Tax Attorneys represent you.
If you do an IRS Offer in Compromise yourself, you have more than an 90% chance of failure. The IRS will not tell you why your paperwork was rejected.
Doing your own IRS Offer in Compromise and having the IRS approve the Offer in Compromise is easier said than done, especially for someone who is not familiar with the specific and extrodinarily detailed method the IRS makes their calculations to determine whether or not a taxpayer can make payments and how much they have to pay.
DO YOU WANT REALLY GREAT NEWS?
In the last published IRS statistics, the IRS reports that the average discount on an accepted IRS Offer in Compromise was 88% (only 12 cents on the dollar was paid by Americans with an accepted IRS Offer in Compromise (OIC), and that the average acceptance rate was 47.6%. Given the savings possibilities on accepted IRS Offer in Compromise (OIC), the determined and diligent team of Tax Attorneys at DWK TAX GROUP specializes in the IRS Offer in Compromise program and works very hard to see if our clients qualify for an Offer in Compromise (OIC).
What are you waiting for?
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First, what is an estate? A person's estate in simple terms is the net total of assets, properties and other items that are owned. The context we are using the word estate in has to do with the plan for how these assets will be handled upon the trigger of some event..such as the death of the owner. This is usually handled via documents such as wills, deeds, and/or trusts. Estate planning is a world onto itself and is not within the purview of this website. How we are concerned with estates and estate planning is the singular ability of life insurance to immediately create an estate with out other documents such as will, deeds, or trusts. Typically, an estate planner or attorney helps to craft these documents under the heading of estate planning for a person as each person's situation is different and requires a specific fit.
Estate planning is important in that it correctly states how things will progress during the process of probate. Probate is the the legal process of administering a deceased person's estate.
Although there are many variables that come into play during the process of estate planning (hence the need for a professional estate planner), only life insurance creates an immediate estate. This means that the contract itself automatically dictates where the life policy benefit will go. To some extent, the life insurance policy allows this money to bypass the sometimes complicated and technical world of probate. It's built directly into the contract and does not need to be established elsewhere to correctly be processed when the insured person passes away. This is a relief and part of the attraction to life insurance. The benefit of the "head of the line" status for life insurance benefits is that in avoiding probate, it also by that nature avoids taxation and potential debts. It passes directly to the life insurance beneficiary. If an asset is not correctly handled during the estate planning process, it can be subject to probate which may lead to taxation, offsets by existing debts, and other complications.
In some ways, life insurance benefits are like property in the context of estate planning. It's pretty remarkable that a monthly premium of $40-50 can result in a non-taxed $500K or half a million dollars if a person passes away. This $500K is no different than a liquidated piece of property which is not subject to taxation, debts, etc. There is a huge different between $500K before and after tax. When money comes to a person in a lump sum, the maximum tax limit is usually applied to the large amount. The ability to create an immediate estate is just one more advantage of purchasing term life insurance.