Monthly Archives: November 2011

Arizonans Take Note: America’s Most Famous Tax Evaders

Not everyone runs into problems with the IRS because they can’t afford to pay their taxes. Many wealthy and famous people have IRS trouble because…well, let’s just say that they all have their reasons. Many live openly lavish lifestyles while the IRS tries to collect on their overdue bills. Let’s take a look at some of the more famous tax evaders in America: Dionne Warwick: The singer and Psychic Friend owes $2.7 million in California state taxes, according to [...]

By |2011-11-29T11:05:42+00:00November 29th, 2011|Categories: Uncategorized|Comments Off on Arizonans Take Note: America’s Most Famous Tax Evaders

Ten Frequently-missed Tax Deductions for Arizona Taxpayers (Part 2 of 2)

Even if you use an expert to help prepare your taxes for the IRS, Arizonans should still keep an eye out for the top ten tax deductions and credits many people fail to claim. We already covered the first five in a previous post: Ten Frequently-missed Tax Deductions for Arizona Taxpayers (Part 1 of 2). The next five are: Non-cash contributions to charities: Most people are aware that they can deduct cash contributions to charities and non-profits. But non-cash [...]

By |2011-11-26T10:52:31+00:00November 26th, 2011|Categories: Uncategorized|Comments Off on Ten Frequently-missed Tax Deductions for Arizona Taxpayers (Part 2 of 2)

Money-Saving Holiday Tips in AZ’s December Bankruptcy Newsletter

Happy Holidays! The Pew Law Center’s Arizona Bankruptcy Newsletter, December 2011, is now ready for you to enjoy and share with friends and family this holiday season. Don’t forget to set aside some quiet time for yourself during this busy time of year. Sit back and relax a little with your favorite cup of holiday cheer and read your preferred Arizona bankruptcy newsletter. We have some great articles for you this month, including some important money-saving [...]

By |2011-11-24T03:00:40+00:00November 24th, 2011|Categories: Bankruptcy|Comments Off on Money-Saving Holiday Tips in AZ’s December Bankruptcy Newsletter

Who’s Most Likely to File For Bankruptcy in Arizona? You Might Be Surprised.

The Institute for Financial Literacy recently compiled a demographic study of bankruptcy filings for the US . Their findings show which demographic groups are more or less likely to file for bankruptcy. While the study was for the whole country, I’m sure Arizona residents can take something away from this insight into bankruptcy. Bankruptcy by Age Group The most likely age group to file for bankruptcy is 35-44 year olds, followed closely by 45-54 year olds. The least likely [...]

By |2011-11-23T10:40:03+00:00November 23rd, 2011|Categories: Bankruptcy|Comments Off on Who’s Most Likely to File For Bankruptcy in Arizona? You Might Be Surprised.

Many New Lawyers Jump into the Growing Arizona Bankruptcy Field – Debtors Beware

Bankruptcy law is filled with many nuances that can trip up debtors if they are not careful – or if they don’t have an experienced Arizona bankruptcy attorney. Unfortunately, the turbulent economy has sent Arizona bankruptcy filings to an all-time high – attracting attorneys from other fields to start “specializing” in Arizona bankruptcy. But bankruptcy is a highly specialized field of law, where experience makes a huge difference to the outcome for the debtor. Some examples of particularly tricky [...]

By |2011-11-20T10:12:14+00:00November 20th, 2011|Categories: Bankruptcy|Comments Off on Many New Lawyers Jump into the Growing Arizona Bankruptcy Field – Debtors Beware

Controversial Arizona Immigration Law Increase Foreclosures in Phoenix

The passing of SB 1070 – Arizona’s tough new immigration law – certainly caused a stir in the media. But according to some experts it may also cause disruption in the already delicate housing market, sending even more people into foreclosure and bankruptcy. Deterring illegal immigrants from coming to or residing in Arizona is the stated purpose of the law. But in a state that depends on population growth for its economic foundation, any disruption to the population [...]

By |2019-09-19T07:52:39+00:00November 17th, 2011|Categories: Uncategorized|Comments Off on Controversial Arizona Immigration Law Increase Foreclosures in Phoenix

Pew Law Center’s November Newsletter Is Now Available Online

Can you believe that Thanksgiving is less than two weeks away! In preparation for this uniquely American tradition, the November issue of our Pew Law Center Bankruptcy & Debt Relief Newsletter is now available for you to read online and download. Here are some interesting topics we’ve covered in this month’s newsletter: Understanding the Limitations of Bankruptcy November’s lead article has to do with limitations on the elimination of certain debts through bankruptcy. Although filing for bankruptcy under [...]

By |2011-11-15T03:00:29+00:00November 15th, 2011|Categories: Personal Injury|Comments Off on Pew Law Center’s November Newsletter Is Now Available Online

Ten Frequently Missed Tax Deductions for Arizona Taxpayers

Even if you use an expert to help prepare your taxes for the IRS,  Arizonans should still keep an eye out for the top ten tax deductions and credits many people fail to claim. State and local income tax: Forty-three states allow residents to deduct state and local income taxes paid on necessities like a home purchase. Because there are vast differences from state to state regarding these deductions, it is a good idea to consult with a [...]

By |2011-11-11T12:38:15+00:00November 11th, 2011|Categories: Uncategorized|Comments Off on Ten Frequently Missed Tax Deductions for Arizona Taxpayers

How Tax Law Has Evolved Over the Last Decade

The last decade has certainly been filled with wild financial ups and downs – but it has also seen quite a collection of tax law changes. Some of the highlights of the first decade of the new millennium include: Economically Stimulating Tax Rebates: Rebates designed to stimulate economic growth were sent out under George W. Bush in 2001, 2003 and 2008. The Obama administration has continued the ground level economic stimulus trend, giving out Make Work Pay credits to [...]

By |2011-11-08T12:31:30+00:00November 8th, 2011|Categories: Uncategorized|Comments Off on How Tax Law Has Evolved Over the Last Decade

New IRS Guidelines Will Affect Arizona Tax Payers and Tax Professionals

More than eighty percent of Americans turn to paid tax preparers or tax preparation software when it comes time to file their taxes. The IRS has recently released the results of a landmark study that suggests both tax payers and the federal government will benefit from new registration, testing, and continuing education of tax preparers.  Based on the report’s findings, the IRS has launched a new initiative to improve tax preparation services. One of the major goals of the [...]

By |2011-11-05T12:23:42+00:00November 5th, 2011|Categories: Uncategorized|Comments Off on New IRS Guidelines Will Affect Arizona Tax Payers and Tax Professionals