Finance, Loan, Debt and Credit.

February 10, 2018

What To Do Before the October 15th Tax Extension Deadline if You Need Tax Help for Unfiled Tax Returns or IRS Back Taxes

Filed under: Tax — Tags: , , , , , , , , , , , — admin @ 12:50 pm

If you filed for an extension to file your tax returns in April, your taxes must be filed by October 15. The worst thing in the world you can do is not file your income tax return on time because you don’t have money to pay what’s owed!  Here’s what you need to do, if this is your situation: File your tax return on or before October 15th and send it in with a money order or cashier’s check for $10.00.  This will ensure two hugely important things:

1.) It will take the IRS’s power away to assess a 25% failure to file penalty away, and 2.) it will create a computerized record at IRS that you filed on time and made a good faith and credible effort to pay something.

So those of your who have been procrastinating better wake up! And for anyone who can’t afford to pay your taxes come April 15th or October 15 – know that you’re not alone.  It’s a common problem and a lot of people end up in tax trouble because they don’t file their tax returns on time even with an extension because they don’t have the money to pay.

Here’s what you can do before the October 15 tax extension deadline if you have unfiled tax returns or IRS debt from back taxes:

•    Get a good tax attorney or tax resolution specialist. You are in dangerous waters here where only an expert tax resolution specialist or tax attorney can help you. To get the back taxes help you need, contact a tax attorney or tax resolution specialist. They are on your side. The IRS is not.•    You need a sense of urgency. If you haven’t filed your tax return before the April 15th deadline, you need to file for an extension using Tax Form 4868, Application for Automatic Extension of Time To File U.S. Income Tax Return. Not filing your taxes is the worst thing you can do because you can incur a 25% failure to file penalty right off the top.  Failure to file tax returns may be construed as a criminal act by the IRS, punishable by one year in jail and $10,000 for each year not filed.If you haven’t filed for this year, even after April 15th tax deadline you can still file for a tax extension using tax form 4868. A tax extension provides tax help because it can stop the “failure to file” penalty clock before it reaches the maximum. Get tax help from a tax attorney or tax resolution specialist if you’re tempted to file for October 15th tax extension after the April 15th deadline has passed. Only a tax attorney or tax resolution specialist can give you the tax help you need.•    You need to whip out your checkbook, even if you can only pay $5. The bad news is that even taxpayers who received a tax extension for filing are not granted more time for the payment of taxes owed and may need income tax relief.If you fail to pay your back taxes due, you will incur additional penalties for “failure to pay”. Any tax attorney will tell you that to avoid back tax penalties and interest, ideally you should pay 90% of your estimated taxes when you file your tax form 4868 on April 15th. To avoid additional back tax penalties, taxpayers should file by the deadline and pay as much as they can. You will still have a failure to pay penalty, but it’s much less.Our tax attorneys tell our tax relief clients that no matter how much is owed, if they enclose a check for $5 or $10 for back taxes with the return and file it on time, that’s going to give them tax help instantly because: 1) Filing cuts down on the failure to file penalty, so you take that 25% penalty off the table.

2) Writing a check for your back taxes creates a record at IRS that says you actually filed on time and they have to post that $5 or $10 back taxes check to your account.  •   You need to discover quickly whether you owe the IRS more back taxes or you’re due for a refund. If you overestimated your back taxes in April and paid the IRS too much, then you’ll get a tax refund as soon as you file your full 1040 tax return, hopefully long before the October 15th tax extension deadline.•   You may need tax software to discover your IRS debt from back taxes. By October all those discounted tax software boxes offering tax help will be long gone. A tax attorney and tax resolution specialist will have the software you need going back a decade to calculate both state and federal taxes. If you owe back taxes for more than one year, a good tax attorney or tax resolution specialist may be your only shot at getting the tax help you need. •   You need to get your paperwork in order. Filing an October 15th tax extension means you have more time to collect the final paperwork you need. If you have been the victim of a financial crime, a good tax attorney can go back and file amended returns that can drastically improve your back taxes problem. •    You need to act quickly or the IRS will. If you don’t file a tax return by the October 15th tax extension deadline, the IRS may file one for you. If you don’t get tax help from a tax attorney, the IRS may prepare a “Substitute For Return” for delinquent taxpayers. It’s important to file a tax return as well as any prior delinquent tax returns as soon as possible to save money and avoid significant long-term consequences. Get professional tax help from tax attorney so that you get all the tax relief you’re allowed. •   If you owe back taxes for more than one year, all your prior tax returns must be filed to be eligible for income tax relief. All back tax returns must be filed before the IRS will entertain any type of tax settlement.•    You need to realize that this is your last chance. Can you file for an extension past the October 15th tax deadline extension? Not a chance. The IRS will occasionally extend an extension beyond October 15th for a class of people who have suffered a natural disaster. If your home wasn’t destroyed by a hurricane, then your chances of getting a tax extension beyond October 15th are about the same as winning the lottery. The good news is that with an experienced and professional tax attorney or tax resolution specialist, you have a real hope of resolving your back taxes and IRS problems if you act now. I believe there’s tax help for every problem. For a delinquent taxpayer, it’s never too late to resolve your tax debt and avoid IRS penalties. For more information on achieving a tax resolution for your unfiled tax returns or back taxes, visit for a free tax relief consultation or call 866-IRS-PROBLEMS.

Michael Rozbruch is one of the nation’s leading tax experts. A Certified Tax Resolution Specialist (CTRS), licensed CPA and the founder of Tax Resolution Services. He helps individuals and small businesses solve their IRS problems and is dedicated to educating the public on tax planning and other strategies for managing their personal and business finances.

November 12, 2017

With online procedure filing income tax return was not so simple before

Filed under: Tax — Tags: , , , , , , , , — admin @ 12:47 pm

Development of a nation plays a major role in the progress of a person. The main attribute that is necessary for the development of the country is the finance. No country can grow without money. Government arranges finances from various sources. One of the major sources to get finances is from the payment of taxes from the people. Income Tax is a major liability imparted on the people. It is taken on the basis of annual income of the people and the amount of income tax return depends on the income of a person. These returns can be classified under two categories i.e. individual and professional. One has to file an individual income tax return personally on the basis of the income he or she gets. On the other hand, in case of professional income tax return, the amount is deducted from the salary of persons. In order to file return, one has to fill some forms with all the information regarding his or her salary. The amount can be paid by cash, cheque or demand draft. In the past, paying return was supposed to be a tedious task. But now government has made all the procedures easy. In the present scenario, the return can be filed with ease with the help of the Internet. The website of the income tax department, launched by the government of India, has the facility to file the return online. The e-payment options of the website allow the tax payers to pay the amount through their credit cards. They can pay it with ease while sitting in front of their computers. The online procedure requires filling of online form with all the details. After that, you are required to enter the credit card number and a special code which is written behind the card. Your income tax return will be paid just by going through this procedure. This method is really too easy that anyone who is familiar with the Internet can conduct the procedure of paying the taxes with ease. You can read the terms and conditions of the return on the above said website. These terms and condition help you in getting the information about the rules and procedure of paying tax with ease. Moreover, you can also download the form from the website to pay the tax offline. There are some other Internet portals available which provide many facilities related to the tax return. For instance, you can calculate your tax amount easily on these sites. You can calculate all the amount within a minute by entering your income details. Above analysis shows that filing the income tax return has become an easy task which can be performed while sitting at home. It can be performed by simple Internet surfing. The procedure of paying the return has also become so simple that it is no more a dilemma for the people. In a way, we can say that paying return is a way to contribution in the development of our nation. Hopefully, in the coming time, the procedure will be even more simpler than today and we shall be able to file the return with more ease.

Addi vardhaman business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration and is currently assisting Paisawaisa as a finance specialist.For more to know on online income tax return visit

December 13, 2016

Loan Modification Companies – Ask Questions Before It’s Too Late

Filed under: Loan — Tags: , , , , , , — admin @ 12:47 pm

Loan modification companies are everywhere. And just like any business, you might come across a company or two whose only motivation is to scam your money away. Here are some of the things you need to ask them before you sign the dotted line.

Background And Experience

First, ask how long have you been in the loan modification business.

Experts are made, not born. And in most cases, it takes years to become one. It takes experience to know the ins and outs of the loan modification process. Companies who have only started may lack the knowledge and the skill to come up with different strategies to help you get the modification you want.

Second, ask if they have a strong background in mortgage lending.

This is always a good question to ask because the person has to be an expert in all aspects of mortgage lending. When the company has sufficient experience, then half the battle is won in most cases.

Third, get references.

Their clients will be the best resource in knowing how competent they are in handling the case. Don’t settle with testimonials. Ask the names of these people and call them.


First, make some inquiries if they are registered with the Department of Registered Loan Modification Companies.

This government body is the only one who handles the loan modification companies. They have strict standards, and being a registered and duly authorized by this department is a privilege in itself.

Second, ask if they have Forensic Audit experience.
Your company should be adept in forensic audit analysis because there is an estimated 4 out of 5 loans that contain state and federal violations. Make sure your company is an expert at pinpointing the specific offenses.


Ask them if they are an attorney-based company. Most intricate negotiations require the expertise of a lawyer, so make sure they have good lawyers on board


First, ask if they give guarantees in writing and if they have no ‘back-end’ fees. Most modification companies give free counseling at the start of the assessment. They shouldn’t charge you a lot of money at the start of the meeting.

Second, question them if they have convicted employees. Background checks are important. If you come across employees with criminal records, get another one.

Third, make sure if the loan modification processing is in house or contracted out. This is something you need to ask because it can tell you if the company only acts as a middleman or simply out to only get a referral fee.

If they say in-house, check them out on the state bar association. If the loan modification uses attorneys outside the company, then it can be a tell-tale sign that they are acting as soliciting agents for an illegal law firm.

Fourth, check if they give any guarantees. If your company offers a guarantee that you will get it, be careful. No one really knows what will happen. They can help in getting you in the door, but what happens next is anyone’s ballgame.

Fifth, ask what their costs are and make them put this in writing. Most companies either charge a flat fee or a fee based on a scale that depends on the size of the renegotiated payoff or the size of your first payment. They should give you a specific breakdown – if they don’t, forget about them. A loan modification fee should not go beyond $ 2500.

Loan modification is an important process that requires a tremendous effort from only the best people in the business. Make sure you hire the best ones who will collaborate with you in achieving your goals.

September 13, 2016

Requirements that need to fulfilled before getting an auto refinance loan

Filed under: Loan — Tags: , , , , , , , — admin @ 12:47 am

There are many people these days, which are now looking in the direction of availing new auto refinance tools so that they can pay off the debts that are worrying them. However it has been seen that due to lack of awareness most of the people are not able to enjoy all the benefits of these types of loans. Therefore it becomes very important to understand the requirements and eligibility criteria that need to be fulfilled by for these loans.

But before availing new auto refinance tools person should be aware of the credit rating as they are entitled to a particular report every year. It is better to find the approximate value of the vehicle that you own and to get all the offers that are made to you in the writing. Generally online availability of the lenders provides you with great help and support. It really makes it very easy for you to come to a final decision. It is better to go through the terms and conditions of the company very carefully that you are about to deal with. Besides this, it is very important to read the offer document very carefully before making your final agreement because sometimes these offer documents are bound to change.

There are certain Requirements that are very important to be fulfilled by the person who wants to avail a new auto refinance tools. The first and the foremost requirement is that the original cost of the vehicle that you own should be more than the amount that you have to pay to the lender. In case the amount is less than chances of getting your loan application rejected become high. Second important requirement that needs to be fulfilled is that you should have made all your payments to the previous lender in timely manner. In cases of loans and payments, the timely payment matters a lot. Another important requirement is that the time period of the car loan should be at least one year. In case it is less than one year then chances of getting flexible terms and conditions reduces. At last, it is also required that the refinance amount that you are taking or have decided to take should not be more than the value of car that you owe. 

So ultimately one can say that automobile refinance companies help you to fuel your car again very easily and give you a tension free ride.

September 7, 2016

Eliminate Credit Card Debt Without Paying – Cut Your Debt by half before paying a cent

Filed under: Credit — Tags: , , , , , , , , , — admin @ 12:47 am

Gaining debt is almost like gaining weight; it’s easy to do but can be very difficult to lose. If you have gotten into debt, perhaps its time to consider help for personal credit card debt relief. It can be difficult but getting rid of your debt is far from impossible. Thanks to credit card settlement companies, settling credit card debt is now much easier and you can  eliminate credit carddebt without paying all of it back.

People contemplate trying to fix their debt on their own, rather than hire professionals to help. Most of them end up finding a genuine settlement firm to step in and help them resolve their debt. A settlement firm negotiates between the creditor and you, to find a settlement that you can pay off your debt. A lot of people don’t understand how to get started, or even how debt settlement works. It is far better to get advice from a professional rather than try to muddle through on your own when you are trying to settle your debt.

People get tired of the calls from credit card companies at all hours of the day, and they come to realize the best way to make them stop is to get rid of the debt. Professional debt solution companies are the best choice to settle the issues simply because they have more experience working with the companies to remove debt and eliminate credit card debt without paying more than half of it back.

An inexperienced person would have trouble navigating through the field of debt reduction. With so many different forms, having to negotiate with creditors, even where to call and what to say can be a difficult task for someone who is unfamiliar with it.

As an individual, the companies may not even take you seriously if you try to negotiate with them, or may not want to negotiate far enough to make getting out of debt possible.

Sometimes the only way to be sure of reaching a solution is to have professional help or settlement firm step help you with settling credit card debt. With their help you could expect it to only take a year to a few years to be free from credit card bills and eliminate credit card debt without paying more than you can afford.

Personal credit card debt relief is a good idea for anyone that has had to take a mortgage, education or even a business loan. Finding a settlement firm is easier than ever now that there are so many legal and ethical firms around. Even the U.S. government encourages people to use them to help with credit debt.

A good firm can advise you on how to save the money to pay to the creditor, sometimes that amount is even half of the total amount of what you owe. If you are in debt get help now and eliminate credit card debt without paying all if it back and getting rid of what you owe. Click here to get out of debt for good.

July 31, 2016

4 Things You Should Know Before You Refinance Your Home Loan

Filed under: Loan — Tags: , , , , , , — admin @ 12:47 pm

Thanks to the economy, many homeowners are finding themselves stuck in a mortgage that doesn’t fit their current financial situation.  One solution to this issue is a home loan refinance.  This can allow you to lower your monthly payment and keep your head above water financially.  Here are a few tips to get you started and prepare you to refinance your home loan.1. Know your situation.  Prepare any documents that you may need to have on hand in order to apply for a refinance.  You’ll want the promissory note of your previous home loan, a copy of the loan statement, proof of income, tax data, insurance information, and so on.  You’ll need a lot of paperwork.  Get everything you need and organize it before you try to apply for a refinance.  This will make the process smoother for you and your lender and will greatly increase your odds of success.2. Know what you need.  It’s pointless to refinance your loan if you haven’t thought about the future and what your finances will be like over the coming years.  Make a budget.  Think long term.  Be honest with yourself.  Once you know what you need and what you can afford, shop around to find the best refinance package that will meet your unique needs.3. Know your lender.  Once you’ve found the right opportunity and the right refinance package, get to know the lender you’ll be working with.  This is very important.  You need to be able to trust your lender.  You are on the verge of a long-term relationship with this individual or company, a relationship built on your own financial hardship, and as a result you need to be able to trust this lender with information that pertains to your financial and personal life.  You need to be able to ask your lender for advice on a variety of financial topics related to your mortgage, and thus you need to be confident that your lender has your best interests in mind.4. Know your mortgage.  This may seem intuitive, but you need to know what you’re getting yourself into.  Read all terms and conditions of your new mortgage carefully.  Ask your lender questions.  Don’t be ashamed or afraid if you don’t understand a part of the loan.  Find out!  Educate yourself.  There are always additional options to consider, such as buying down your loan, pursuing a fixed rather than an adjustable rate, and so on.  Get the deal that’s right for you.If you prepare yourself and know these things, you’ll be that much more successful when you go to refinance your home.

February 24, 2016

San Diego Home Refinancing Loans – 3 Things To Know Before You Refi Your House

Filed under: Loan — Tags: , , , , , , , , , , — admin @ 12:47 pm

Maybe the current interest rate on your mortgage is higher than average, or perhaps you’re just looking for a way to lower monthly payments. Whatever your reason for refinancing your San Diego Home Loan, there are a few things you should know before you commit to a refinancing mortgage:

You Should Compare Fees.

Like any other mortgage, you’ll have to pay fees, closing costs, and possibly points and other extras whenever you refinance your San Diego Home Loan. In many cases, this can add thousands more to your bottom-line costs. Although you can sometimes add these costs to your loan amount, you still have to pay them in the end. To ensure you’re getting a good deal, check on the final total of all additional fees when comparing lenders.

You Should Pick The Right Loan Term.

If you’ve already paid off quite a few years of your mortgage, and you finance for another 30-year (or longer!) loan, you may end up paying more interest in the end, depending your current interest rate and the one you receive when you refinance. If you’re looking for the best savings, you should refinance your home for a lower interest rate with a loan term that is equal to or less than the amount of time left on your current mortgage. If, for example, you only have 15 years left on your current mortgage, it’s smartest to choose a refinance loan with a 15-year term.

You Should Lock-In The Rate.

Just as you can with any mortgage, it’s possible to “lock-in” your rate when you agree to work with a particular lender. That means your lender guarantees, in writing, that your interest rate will never rise above a certain amount within a set period of time, typically 30 or 60 days. These days, interest rates are on the rise, which means each week–or even each day–could mean a higher rate, so it’s smart to lock in the lowest rate possible as soon as you can.

To get the best deal on a Home Loan Refinancing, remember to compare fees, choose the best loan term and lock-in the lowest rate. Follow these tips, and odds are good that you’ll walk away with a money-saving loan

January 31, 2016

Fha Loan Rates And Fha Loan Requirements – General Information To Know Before Applying

Filed under: Loan — Tags: , , , , , , , , — admin @ 12:46 am

Although many people think the FHA is a lender, this isn’t the case. The FHA does not issue loans for borrowers looking to purchase homes – they are actually a federal government agency, known as the Federal Housing Administration.  The FHA typically requires mortgage insurance on the loans funded through their underwriting requirements given by approved lenders. This way the lender gets protection in case of default by the borrower. Today FHA loans are very popular and they provide excellent options for those who want to purchase a home – especially first time homebuyers.  Of course, FHA loans are not the only options available for your lending needs. You can compare loans to find the right option for you, but this means you need to know more about FHA loan requirements, FHA loan rates, and other important information surrounding these types of loans.

Loan Requirements

First of all, let’s take a look at the FHA loan requirements.  There are quite a few requirements that borrowers must meet in order to qualify for this type of a loan. First of all, they would like to see proof of two consecutive years of being employed regularly, and they prefer it to be with the same company.

Another of the FHA loan requirements is that the payment on the home is going to be 28% or less of the monthly income you have coming in. In many cases they require you to have a certain down payment amount saved up and they also do not want more than two payments that are more than 30 days late showing up on your credit report. However, these loans are available for those who have lower credit scores. Many people who do not qualify for other types of loans are able to qualify for a loan through the FHA programs.

Who Can Benefit From These Loans

Many people will find that FHA loans can be very beneficial. Because of the low FHA loan rates available, people who want a reasonable interest rate can benefit. Those who have less than perfect credit can benefit as well because they can still get reasonable FHA loan rates, even though they may not have the greatest credit. People who do not have a lot of money to apply towards a down payment will find these loans a great option, because they typically require less than 5% down payment.  In addition, those who think they may have a problem getting a loan will find them a great option too.

Many advantages can be offered by these FHA loans if you meet the FHA loan requirements. You’ll find that FHA loan rates are very competitive. The down payment is smaller than with most other loans. Even if you don’t have a credit history that is established, the lender can look at rent, payment on auto insurance and utility payments as well.  With all the benefits that are offered, those looking to purchase a new home should definitely consider what these types of loans could offer them.

December 20, 2015

Credit Card Debt Consolidation Firms – Things You Should Check Before Apply With A Service

Personal debt is becoming a bigger problem in today’s down turned economy, and is being aggravated by the massive unemployment of workers that now exists.

Along with the increase of personal debt, credit card debt consolidation companies are springing up to meet the needs of the consumer by offering debt consolidation help. Anyone thinking of using the services of such organizations will need to take a step back and do some research, before selecting a company to entrust their financial affairs to. The consumer will have to create a list of requirements the company they select will have to satisfy, before they can be confident that they are choosing a qualified firm.

Natalia Osorio Editor of the “Get Rid Of Credit Card Debt” website — — pointed out;

“…First the background of the credit card debt consolidation company should be well scrutinized, to determine who the owner is, and how long the company has been in business, because a company that has just started doing business will not have the same credibility as one that has established a good reputation, and public recognition after being in business for a good many years.A consumer would want to know that the company is solid financially, so he would have confidence that the company can handle his financial affairs…”

Researching the company with the Better Business Bureau will give insight in the company’s background and history with its consumers. Complaints made by former customers, the nature of those complaints, and the manner in which they were settled, would give the consumer important information on the company’s customer service dealings.

The ratings by former customers are an important point to take into account, and the best expectation would be to read a large amount of positive feedback on the company’s dealings with its former customers.

A consumer would like to know the company has reasonable rates, is properly licensed or certified, has competent and qualified staff, and conducts business locally.

Also important is the financial details of the company’s operations and news of its financial records. A consumer could also look at the status of the company’s stock to ensure that its stock is maintaining a stable value and is not falling.

“…Searches can be done on the Internet to obtain reviews of Credit card debt consolidation firms, and also a consumer can look for forums that will compare and contrast these firms, and possibly give their personal experiences. The value of these forums lies in the fact that a consumer can actually participate in chat sessions to ask any pointed questions he may have on a company that he may be interested in hiring.He can also utilize message boards, and send emails with requests for additional information. Doing this research before he hires a Credit card debt consolidation firm is not only a necessity that will allow a consumer to find the right company for him, but is will also prevent him from falling prey to any scamming organizations that may set up business to take advantage of a consumer’s debt situation…” N. Osorio added.

Further information about trusted and reputable companies for credit card debt settlement by visiting;

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