Legislators passed the $790 billion stimulus package last week which includes: A $400 tax credit for single workers and an $800 tax credit for couples. A $1000 child tax credit which will be extended to some low-income families who don't make enough money to pay income taxes and poor families with 3 or more children [...]

Having trouble preparing your taxes, we have good news. Two Dallas area Catholic schools will host free income tax preparation events in February for families with an income of $34,000 or less. The event, which is sponsored by The Notre Dame Club of Dallas, will have qualified volunteers on hand to help families understand the [...]

Taxes, another debt that many Americans are struggling with is often going unpaid as taxpayers struggle with foreclosure and other financial crises. But the IRS offers "guidance" on the tax burdens of economic hardship in an article in the Star-Telegram. Let's take a look at a few tips:What if I lose my job? Severance pay [...]

This is another case of waiting until the last moment to file a bankruptcy which was inevitable. Many debtors who get sued by their creditors, never respond to the summons, receive a default judgment and within a few days, weeks or even months, their bank account is emptied or their wages are garnished. That's when they [...]

Millions of Americans are losing hundreds of dollars a every tax year by not taking a closer look at what they can deduct from their taxes. According to Money Central the average American taxpayer is giving Uncle Sam an estimated extra $438 a year when filing taxes. With today's economy $438 is a lot of [...]

Many legal residents hoping to secure a green card or citizenship face many financial difficulties, but are apprehensive about filing for bankruptcy because they fear it may hurt their immigration process. The good news is that there is no immigration law, statute, or regulation that states that if you file for bankruptcy you cannot become [...]