Articles Archive

Are There Any Car Insurance Companies That Only Ask for 3 Years of History for Driving Convictions?



If you have a traffic citation or criminal conviction on your driving record, you're probably paying handsomely for your auto insurance. Most insurance companies will ask you to report driving convictions that occurred within five years of your policy's renewal date. These include less-serious offenses like traffic tickets as well as serious transgressions like impaired […]

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Are There Any Tax Benefits to Reinvesting Your Dividends from Mutual Funds?



If you're heavily invested in mutual funds, chances are good that you've thought through the tax implications of your holdings. For instance, you're probably aware that long-term capital gains are taxed at lower rates than short-term capital gains. As such, it's almost certain that you hold your mutual fund investments for longer than a year […]

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Are Up-Front Mortgage Insurance Premiums on FHA Loans Tax Deductible?



FHA loans are a crucial component of the country's nascent housing recovery. If you're finding it difficult to keep up with your monthly mortgage payments and worry that you might lose your house as a result, an FHA refinancing loan may be able to buy you valuable time and reduce the effective cost of your […]

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Are Workers’ Compensation Settlements Taxable?



The United States has one of the most comprehensive and sophisticated workers’ compensation systems in the world. Compared to the health insurance and unemployment benefits systems, workers’ compensation is a straightforward method to manage the ever-present risk of injury in the workplace. In a nutshell, workers’ compensation is a form of income that is made […]

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Are You Taxed on Inherited Life Insurance Money?



If you're named as the beneficiary of a life insurance policy, you may expect a substantial windfall upon the death of the policyholder. Depending upon the size and structure of the payout, this may feel like a sizable inheritance. After all, you'll summarily be awarded a six-figure sum of money simply for enjoying a relationship […]

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As a Sole Proprietor, Can I Write Off My Student Loan Payments?



If you're a sole proprietor, you probably write off hundreds or even thousands of dollars in business-related expenses each year. As a business owner, you're eligible for many tax breaks that regular taxpayers can't claim. When times are tough, these breaks can provide a much-need boost to your income and allow you to make essential […]

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Auto Title Loan, If I File Bankruptcy and Never Give the Car What Will Happen?



Like most loans designed to finance the purchase of new or used vehicles, auto title loans are secured loans. When you take out an auto title loan, your promise to repay your lender in a timely fashion is backed by their claim on your vehicle's title. In other words, they reserve the right to repossess […]

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Average Personal Injury Settlements



Civil complaints and lawsuits pertaining to personal injury constantly overload the dockets of courtrooms across the United States. Law firms that specialize in personal injury claims are part of a billion-dollar industry that produces tons of statistics, but this wealth of information is not exactly conducive to calculating average settlement amounts. The problem with discussing […]

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Avoid Paying Child Support Legally



In the majority of divorce actions where minor children are involved, child support payments are ordered. Usually, payments are made by the non-custodial parent to the custodial parent on a schedule and in an amount that is agreed to by both parties or is ordered by the presiding court. However, there are several circumstances under […]

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Bankruptcy and Foreclosures: Impact on Federal Security Clearance



Bankruptcy on its own cannot be the reason for a former debtor being refused employment at a federal agency.  It is a part of the Federal Bankruptcy law (FBL), section 525.  However, a former debtor can be declined employment at a federal agency because of a history of financial troubles that suggests that the candidate […]

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Bankruptcy Documentation: Number of Months of Reference Material



When a person files for bankruptcy and presents all of the expected information and documentation need at this initial filing, this person, the filer, becomes the debtor when the filing is accepted by the court.  Regardless of it being for whatever chapter, the debtor’s submission must all be the truth.  The penalty for lying or […]

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Bankruptcy Impact on Money Owed to the IRS



The IRS itself, in IRS Publication 908 (P908), states that bankruptcy has no impact on monies owed the IRS prior to the bankruptcy filing.  However, after filing, depending on what type of filing the debtor made the rules on the continuing penalties and interest changes some.  P908 is the IRS explanation and expectations of the […]

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Bankruptcy Protection from a Civil Suit



When a person files for bankruptcy and the filing is accepted by the court, the person who now becomes a debtor receives immediate protection from any and all forms of collection and litigation due to financial liability.   Assuming that a civil suit was being initiated due to past due monies being owed a creditor, that […]

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Bankruptcy: Keep the House and Mortgage; Lose the Equity LOC;



The very short answer on this subject is that it is possible to enter into bankruptcy, retain one’s home and mortgage, and strip one’s equity line and lien.  It is not allowed in filing for bankruptcy to only list the assets or the liabilities that the debtor wants to make available.  A number of people […]

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Bankruptcy: Remedy for Foreclosure Deficiency Judgment



One of the most feared results of a foreclosure is having a court direct a deficiency judgment at the person or persons who lost the property to foreclosure.  A deficiency judgment is a legal method of identifying an amount still owed by the previous property owner to the mortgage or Loan Company after the foreclosed […]

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Beating a DUI Charge after Refuseing a Breathalyzer Test



As most people, experts and those with experience related, the refusal to take a breathalyzer test is an automatic loss of license in most, if not all, states in the United States.  In these states there is a requirement that you knowingly, or unknowingly, accept when you sign an application for a license.  This requirement […]

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Becoming A Licensed Gun Dealer



The “Second Amendment’s Right to Bear Arms” ensures that a firearms dealership will always be popular in the United States. If you would like to buy and sell firearms, you will need to comply with relevant federal, state and local rules. Here are the steps to becoming a licensed gun dealer. Federal Bureau of Alcohol […]

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Being Compensated: Three Essential Elements of Negligence Per Se



If you are injured in an accident, the medical bills, lost wages and other losses you suffer might give you the right to sue the party responsible whose negligent conduct caused it to happen. An attorney representing you would have to gather evidence to present in court to prove that the other person breached a […]

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Best Way to Beat a Red Light Ticket from a Traffic Camera



The first weapon in your arsenal to fight red light camera tickets is to contest the clarity of the photo. Since your vehicle was in motion at the time the picture was taken, there is a good probability the picture will be blurry. Inspect the picture the police department sends you with the ticket. If […]

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Best Way To Change Your Name On Your Social Security Card



Various instances might occur in which people’s names change. The most common times when people change their names is when they get married, divorced, become adopted or simply have their names legally changed for whatever reason. When people change their names, though, they should update their name changes on their Social Security cards. There might […]

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