If you do not file a request for a Collection Due Process Hearing within 30 days from the date of Letter 1058, the IRS can levy your bank account, wages and other assets such as retirement accounts, to collect back taxes. What is a Levy? A levy is effectively a seizure by the IRS of … Read more
Is it really smart to become completely debt free? Becoming totally debt free is an amazing achievement that can require a lot of work. But depending on your financial situation, you might be better off keeping some of those loans and continuing to make payments over time. Take student loans for example. These are … Read more
Are you having a hard time with your mortgage? Are you afraid that you are going to slip into foreclosure? Did you already receive a foreclosure notice? If you answered yes to any of these questions, or if you are in any challenging financial situation that jeopardizes the safety of your home ownership, then you … Read more