What is it? The FDCPA is a federal law that says debt collectors are not allowed to use unfair practices to collect a debt. Some examples of these include: · Collect charges in addition to the debt, unless allowed by contract or state law · Deposit post-dated checks early · Communicate with you about debt by postcard · Use any language or symbol on the envelope that indicates it is a debt collector · Falsely claiming the person is a la

The PSLF allows for qualifying federal student loans to be forgiven after 120 qualifying payments (10 years), while working for a qualifying public service employer. What qualifies as public service? Public service can be working for the government at a federal, state, or local level, being a member of the United States military, and even certain non-profit organizations such as hospitals qualify as public service. What steps to take to apply for a PSLF? Step 1 is to determin

Tax scams have continued on a meteoric rise and show little plans of slowing down. Some scams to look out for include COVID-19 related phishing scams, IRS impersonation telephone scams, “ghost” tax return preparers, and many other scams. COVID-19 has given rise to evolving phishing scams that use emails to trick the person receiving the message into disclosing personal information including passwords, bank account numbers, credit card numbers, and social security numbers. Th

Form 7203 was developed to replace the Worksheet for Figuring a Shareholder’s Stock and Debt basis that was formerly found in Form 1120-S. This form is required to be attached to 2021 Federal Income Tax Returns of S corporation shareholders who: · Are claiming a deduction for their share of an aggregate loss from an S corporation (including an aggregate loss not allowed last year because of basis limitations), · Received a non-dividend distribution from an S