debt

Bad debt 101 – Going into debt to finance vacations
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Bad debt 101 – Going into debt to finance vacations

Individuals

Bad debt 101 – Going into debt to finance vacations

We are in the summer of 2024 and more and more Americans are willing to go into debt to finance their vacation. Note that the interest expense on personal debt is not deductible (in contrast with mortgage interest for your home). This post pandemic world never ceases to amaze me. Cost of living (home, rent,

By Victor Garrido, CPA, EA|2024-07-11T18:08:45+00:00August 19th, 2024|Categories: Individuals|Tags: bad, Budget, debt, finance, investment, vacations|

CP508R – Reversal of notice of certification… to the State Department (you can get your passport back)
Gallery
CP508R – Reversal of notice of certification… to the State Department (you can get your passport back)

Individuals

CP508R – Reversal of notice of certification… to the State Department (you can get your passport back)

After working on an offer in compromise for a married client with over $100k in Federal tax outstanding, we are finally closing an offer in compromise (forms 433-A and 656) that has been discussed with the IRS agent as there are no assets to cover the liabilities and the taxpayers' income is just to cover

By Victor Garrido, CPA, EA|2023-10-13T13:19:48+00:00October 13th, 2023|Categories: Individuals|Tags: certificated, CP508R, debt, Department, irs, passport, reversed, State|

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