Receiving An Inheritance During Your Bankruptcy Proceeding? What Are Your Options?
If you've found yourself recently pursuing a Chapter 7 or Chapter 13 bankruptcy because of an unmanageable debt load or long-term decrease in income, you're not alone -- more than 1 million Americans file for bankruptcy protection each year. While this is often a straightforward (albeit potentially lengthy) process, receiving an inheritance from a deceased parent or other close relative mid-bankruptcy can throw a wrench into the works, often changing your repayment plan and sometimes even resulting in the dismissal of your case.
How A Disability Freeze Can Preserve Your Social Security Disability Benefits
It's not uncommon for those suffering from a disability to make less money or not be able to work at all, usually for months or even years at a time. Unfortunately, these issues can easily impact your overall eligibility for Social Security Disability Insurance benefits. A few years of low earnings can easily reduce your benefits, while gaps in your employment could make you ineligible. Fortunately, there is a way to preserve your eligibility for future retirement and disability benefits.
Tips for Dealing with an IRS Audit
Opening a letter from the IRS that states they are planning on auditing you can be a frightening experience. Auditing is part of the IRS's job, but if you make $100,000 or less, your chances of being audited are 1% or less. In most cases, there are certain triggers that cause the IRS to audit a person, and this is most likely why the IRS is auditing you. Here are some tips to help you get through an IRS audit.
