Monthly Archives: March 2012

8 Ways to Get Your Tax Return in the IRS Cross-Hairs

Maybe you’ve heard that the IRS doesn’t have time to audit more than 1% of all individual tax returns in any given year. But that’s small comfort when you’re among the 1% who gets audited! If you do be sure the contact the best Gilbert tax lawyers. Who is most likely to receive that dreaded IRS Notice of Audit? The IRS is more likely to investigate and challenge the accuracy of your tax return when any of the [...]

By |2012-03-13T11:02:25+00:00March 13th, 2012|Categories: Tax Relief|Comments Off on 8 Ways to Get Your Tax Return in the IRS Cross-Hairs

Friendly Ice Cream Shaves Off the Fat and Exits Bankruptcy

Last October, the Friendly Ice Cream Corporation, based in Wilbraham, Massachusetts, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware. Suffering the consequences of increased commodities costs (such as the cream ingredient), high rents, and the recessionary diminution of its regular customer base, Friendly Ice Cream Corp. launched its financial reorganization with the immediate closure of 63 restaurant’s along the East Coast, leaving only 424 of its ice cream shops operating [...]

By |2012-03-13T10:59:44+00:00March 13th, 2012|Categories: Uncategorized|Comments Off on Friendly Ice Cream Shaves Off the Fat and Exits Bankruptcy

Fannie Mae Opens HomePath to Nationwide Online Sales

With its 2010 pilot program in three test markets – Detroit MI, Orlando FL, and San Diego CA – a verifiable success, Fannie Mae has given the green light to nationwide online sales of its enormous inventory of REO houses. In fact, now all offers on HomePath properties must be made using the HomePath Online Offer system on Fannie Mae’s website. One Stop Shopping to More Affordable Housing All a real estate agent or real estate broker needs [...]

By |2012-03-12T16:52:07+00:00March 12th, 2012|Categories: Money Matters|Comments Off on Fannie Mae Opens HomePath to Nationwide Online Sales

Dealing with Creditors(Part 4 of 5)

It happens to everyone at some point or another. A little bad luck can put you behind on your bills. Before you panic, learn the basics on dealing with different types of creditors so you can keep a little slip up from snowballing into a financial crisis. IRS or Arizona State Tax Debt As Arizona’s premier tax relief law firm, this is something we at The Zolman Law, PLLC know something about.  If you owe tax money to [...]

By |2012-03-11T13:23:53+00:00March 11th, 2012|Categories: Uncategorized|Comments Off on Dealing with Creditors(Part 4 of 5)

Grubb & Ellis Agrees to Sell-Off in Chapter 11 – Feeding the BGC Behemoth

Along with 16 affiliates, Grubb & Ellis, Co., the Santa Ana, California, based commercial real estate brokerage firm – the third largest in the Sacramento area, employing over 3,000 people in 90 U.S. offices – filed for Chapter 11 bankruptcy in celebration of Presidents’ Day. G&E characterizes its commercial endeavors as “providing transaction services, property management, facilities management and valuation services.” Grubb & Ellis was founded in 1958 by Bill Grubb and Harold “Hal” A. Ellis, Jr., who [...]

By |2012-03-09T09:32:56+00:00March 9th, 2012|Categories: Uncategorized|Comments Off on Grubb & Ellis Agrees to Sell-Off in Chapter 11 – Feeding the BGC Behemoth

How To Put Yourself In A Great Position To Deal With Creditors

It happens to everyone at some point or another. A little bad luck can put you behind on your bills. Before you panic, learn the basics on dealing with different types of creditors so you can keep a little slip up from snowballing into a financial crisis. Student Loans For better or for worse, lenders who make student loans are quite accustomed to their borrowers having trouble paying. While that might not be good news for student lenders, [...]

By |2012-03-08T13:19:38+00:00March 8th, 2012|Categories: Uncategorized|Comments Off on How To Put Yourself In A Great Position To Deal With Creditors

4 Quick Tax Tips as Another Filing Deadline Approaches

Once again, tax time is upon us. Here are four quick tips from the tax preparation specialists on the Zolman Law's team. 1. File an application for automatic extension of time by April 17. If your individual income tax returns will not be ready to file by April 17, then consider filing your automatic extension for more time instead (extends up to six months, or until October 15, 2012, for most filers). The time to file the tax [...]

By |2012-03-08T11:05:28+00:00March 8th, 2012|Categories: Uncategorized|Comments Off on 4 Quick Tax Tips as Another Filing Deadline Approaches

FHFA Rejects Principal Paydown Plan for Chapter 13 Homeowners

The National Association of Consumer Bankruptcy Attorneys (NACBA) put its collective heads together and came up with the Principal Paydown Plan to assist homeowners who file for Chapter 13 Wage Earner bankruptcy. The Principal Paydown Plan was designed to help Chapter 13 debtors avoid foreclosure on their homes by making principal-only payments under a five-year interest-free plan. Principal Paydown Plan in the U.S. Congress The NACBA’s Principal Paydown Plan was introduced by Representative Zoe Lofgren (D-CA) late last [...]

By |2012-03-05T15:51:17+00:00March 5th, 2012|Categories: Bankruptcy|Comments Off on FHFA Rejects Principal Paydown Plan for Chapter 13 Homeowners

Is Bankruptcy Best? Foreclosure May Trigger Big Tax Troubles for Arizona Homeowners

When faced with losing your Arizona home, it’s hard to think of any option as having a benefit. But this is no time to be in denial – it’s time to look at all of your options and pick the one that will have the best possible outcome for you and your family. For example, most people don’t realize that there is a tax advantage to filing for bankruptcy rather than allowing your home to go into foreclosure. If [...]

By |2012-03-05T13:13:51+00:00March 5th, 2012|Categories: Uncategorized|Comments Off on Is Bankruptcy Best? Foreclosure May Trigger Big Tax Troubles for Arizona Homeowners

Small Businesses Get Tax Break on Health Insurance

The IRS has released some guidance on the new temporary health insurance tax credit that is sure to have Arizona small business owners feeling better right away. Beginning in 2010, businesses with fewer than 25 full-time employees whose average salary is less than $50,000 will qualify for a tax credit. The credit, which was created by the recent health care reform act, covers up to 35% of an employer’s cost for providing health insurance to employees. Other benefits include: [...]

By |2012-03-02T13:08:06+00:00March 2nd, 2012|Categories: Uncategorized|Comments Off on Small Businesses Get Tax Break on Health Insurance