Monthly Archives: October 2011

Understanding Arizona Bankruptcy: How Long Does a Bankruptcy Stay on my Record?

If you’re considering filing bankruptcy, you know it can be a confusing and overwhelming time. At The Zolman Law, PLLC we are dedicated to giving our clients the best possible legal guidance through life’s most challenging times. In this series, “Understanding Arizona Bankruptcy,” we will cover a multitude of bankruptcy facts and FAQs – but if you still have questions or concerns please don’t hesitate to contact one of our experienced bankruptcy attorneys  for further guidance. Many people [...]

By |2011-10-30T12:01:43+00:00October 30th, 2011|Categories: Uncategorized|Comments Off on Understanding Arizona Bankruptcy: How Long Does a Bankruptcy Stay on my Record?

12 Myths of Bankruptcy – Myths 10-12

Bankruptcy – whether it’s chapter 7 or chapter 13 – has a lot of negative connotations, and a lot of fears and myths surrounding it. But when you simply can’t pay your obligations with your current income, filing bankruptcy in Arizona is a legal, ethical, and dignified way to make a fresh start. At The Zolman Law, PLLC, we are Arizona’s premier debt relief firm. In this series of blog articles, we will help dispel the top 12 myths [...]

By |2011-10-27T08:01:51+00:00October 27th, 2011|Categories: Uncategorized|Comments Off on 12 Myths of Bankruptcy – Myths 10-12

12 Myths of Bankruptcy – Myths 7-9

Bankruptcy – whether it’s chapter 7 or chapter 13 – has a lot of negative connotations and a lot of fears and myths surrounding it. But when you simply can’t pay your obligations with your current income, filing bankruptcy in Arizona is a legal, ethical, and dignified way to make a fresh start. At The Zolman Law, we are Arizona’s premier debt relief firm. In this series of blog articles, we will help dispel the top 12 myths about [...]

By |2011-10-24T07:56:35+00:00October 24th, 2011|Categories: Bankruptcy|Comments Off on 12 Myths of Bankruptcy – Myths 7-9

12 Myths of Bankruptcy – Myths 4-6

Bankruptcy – whether it’s chapter 7 or chapter 13 – has a lot of negative connotations, and a lot of fears and myths surrounding it. But when you simply can’t pay your obligations with your current income, filing bankruptcy in Arizona is a legal, ethical, and dignified way to make a fresh start. At The Zolman Law, PLLC, we are Arizona’s premier debt relief firm. In this series of blog articles, we will help dispel the top 12 myths [...]

By |2011-10-21T07:49:13+00:00October 21st, 2011|Categories: Uncategorized|Comments Off on 12 Myths of Bankruptcy – Myths 4-6

12 Myths of Bankruptcy – Myths 1-3

Bankruptcy – whether it’s chapter 7 or chapter 13 – has a lot of negative connotations, and a lot of fears and myths surrounding it. But when you simply can’t pay your obligations with your current income, filing bankruptcy in Arizona is a legal, ethical, and dignified way to make a fresh start. At The Zolman Law, PLLC, we are Arizona’s premier debt relief firm. In this series of blog articles, we will help dispel the top 12 myths [...]

By |2011-10-18T07:40:34+00:00October 18th, 2011|Categories: Uncategorized|Comments Off on 12 Myths of Bankruptcy – Myths 1-3

5 Steps to Better Debt Handling

It has been estimated that private American citizens are carrying nearly $700 billion in revolving credit card debt. At the same time, the recent recession has affected a huge percentage of Arizonans. These two factors alone may explain why Arizona has one of the highest bankruptcy rates in the US. While bankruptcy offers a fresh start for those who simply can no longer pay their obligations, some people may be able to avoid bankruptcy by taking steps to better [...]

By |2011-10-15T07:32:57+00:00October 15th, 2011|Categories: Uncategorized|Comments Off on 5 Steps to Better Debt Handling

Capital City of Harrisburg PA Files Chapter 9 Bankruptcy

The capital city of Harrisburg, Pennsylvania, with a population of about 47,000 filed for municipal bankruptcy relief under Chapter 9 on Wednesday, October 12. This is the second city to file Chapter 9 this year – Central Falls, Rhode Island, entered bankruptcy just last August. Harrisburg Controller Dan Miller believes this was the best thing the city could do, “I think it’s the only real option that we had.” The city had been plagued by many problems – [...]

By |2011-10-13T16:12:25+00:00October 13th, 2011|Categories: Uncategorized|Comments Off on Capital City of Harrisburg PA Files Chapter 9 Bankruptcy

IRS Joins Forces with Foreign Countries to Stop Tax Evasion

The IRS has announced that it will be working with certain foreign governments to scrutinize tax returns filed by wealthy Americans. The new program is meant to be used to prevent the wealthy from practicing “tax arbitrage,” which means evading taxes in the US by hiding money in a country with more favorable tax laws. The IRS says they will be looking in particular for abuses of deferred of taxes money on earned abroad. The joint audits can only [...]

By |2011-10-12T07:24:08+00:00October 12th, 2011|Categories: Uncategorized|Comments Off on IRS Joins Forces with Foreign Countries to Stop Tax Evasion

How Long Should Arizona Residents Keep Records for their Federal Tax Returns?

Most people know that it is important to keep track of the documents that they will use to fill out their tax returns. Once the tax return is filed, however, most are unfamiliar with how long they need to keep those records. If you are audited by the IRS, you will be required to produce certain records to support your tax claims. According to the IRS website, the length of time you need to keep a document depends on [...]

By |2011-10-09T07:15:56+00:00October 9th, 2011|Categories: Uncategorized|Comments Off on How Long Should Arizona Residents Keep Records for their Federal Tax Returns?

Advance Tax Planning To Avoid The IRS

Come April every year, thousands of bloggers, tax preparers, and news reporters put out articles on tax planning. But planning ahead for taxes is a discipline that takes place all year long – whether you file quarterly or once a year. Start your tax planning strategy with the basics. This includes using legal and ethical tactics to maximize credits and deductions to lower your final tax bill. Arizona residents would be wise to start planning now for their 2010 [...]

By |2011-10-06T06:36:11+00:00October 6th, 2011|Categories: Uncategorized|Comments Off on Advance Tax Planning To Avoid The IRS