Wednesday, October 17, 2012
Saturday, September 29, 2012
What you have now is two points or snapshots in time. I also like to refer to these points as the anchors for the bridge you will now create. The bridge is the most important part of the gap analysis and will be very valuable to you now, and in the future, as you pursue your goal.
Thursday, September 20, 2012
A Non-For-Profit designation simply means the money a company or organization earns in excess of cost, including salaries, is reinvested in the company and not paid to stock holders. There is no cap to the amount the company can reinvest in the organization including the salary and bonuses paid to employees.
Debt management companies not only mislead people by advertising as a Non-For-Profit organization but also try to persuade people of their greatness by flaunting their high Better Business Bureau rating. The reason this is misleading is because many do not know exactly what the Better Business Bureau is and how easy it is to obtain an A rating.
Many people think that the Better Business
Bureau is a government agency because it has received so many grants from the
Government and many times is listed in the yellow pages under government
agencies. The Better Business Bureau is only a private Non-For-Profit
organization made up of over one hundred individually owned and operated
bureaus in the U.S and
In several states, law suits against the Better Business Bureau have been filed on grounds of assigning high ratings to businesses that pay for membership and make donations while assigning low ratings to those who don’t. Not only have private law firms sued the Better Business Bureau but state attorney generals and other officials have questioned the accuracy of the Better Business Bureau’s rating system. My assertions can be verified by simply using a search engine and typing in the words Better Business Bureau and sued.
With no way of knowing for sure if a debt management company is legitimate and will be able to help you, the only option is to handle your debt situation on your own. There is absolutely nothing that a debt company can do for you that you cannot do yourself. You may think that you know little about what needs to be done, and that may be true, but with a little time and research you will save money and not take the chance of getting in debt even further.
Sunday, September 16, 2012
Wednesday, September 12, 2012
Sunday, September 9, 2012
Thursday, September 6, 2012
Due to the fact that many people are unaware of their options, many businesses are springing up to take advantage of people in desperate times. If you watch television or listen to the radio for even a short time, you will hear advertisements from self proclaimed experts offering to magically reduce your tax liability and stop the IRS from “harassing” you. Most of these companies even claim to be able to reach a settlement with the IRS which will reduce the amount you owe to pennies on the dollar. This sounds wonderful but unfortunately it could not be further from the truth.
Making an offer-in-compromise using form 656 is what IRS debt settlement companies do for taxpayers who owe the IRS. The companies that do this typically charge around three thousand dollars or more. Conveniently, many people report that the company they used charged the exact amount they had or could afford to pay. However, when individuals first agreed to use the company’s service, the amount was much less but went up as the client got more involved in the process and believed they were in to far to stop. An example of this can be found in the recent closure and prosecution of the well known company Tax Master’s. Over many years, Tax Master’s collected millions of dollars from customers but did not provide the settlements or service promised.