As tax time approaches, many taxpayers are going to learn the hard way about cancellation of debt income when they file their taxes. If a creditor decides to forego the collection of a valid, undisputed debt, they may decide to cancel or...
Read moreGetting the Most of Your Income Tax Refund for Budget-strapped Consumers
As tax time approaches, and you are one of the fortunate ones to receive a significant refund, take the time to consider what you are going to do with it. This is especially important if you are behind on your bills, or may have gotten carried...
Read morePrioritizing Debt Repayment from Your Income Tax Refund
This is the time of year when many consumer taxpayers are receiving their income tax refunds. While some of that money may be earmarked for special purposes – such as a vacation, large retail purchase or home improvements – many times it...
Read moreThe Truth About Rapid Refunds: Refund Anticipation Loans May Not be Worth the Risk
Refund Anticipation Loans or “RAL’s” were originally marketed as “rapid refunds”, with the goal of expediting the receipt of income tax refunds for tax filers. What many filers believed was a refund was actually a loan made directly to the...
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