January 17, 2018
There are multiple consequences you could face if you were to default on your student loans. Your wages and income tax refunds could be garnished to satisfy the debts. You could be reported to the three credit bureaus. The full amount of the loan becomes due and you could accumulate fees. If you have federal student loans, then you will lose eligibility for helpful repayment programs. Therefore, it is essential to avoid default at any costs. If you do default on student loans, it is crucial to look at your available options for bringing your loans back into good standing. Avoid default: There are a few options you could consider to get caught up on payments if you are at risk of defaulting. Consider enrolling in an income-driven repayment plan if you have federal loans. This option could also free up income that is needed to pay back private loans….
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January 15, 2018
The IRS has announced that it will begin accepting tax returns on January 29. Tax season can be stressful, and we want to make sure everyone is aware of information that could make filing easier. Free filing services are available. We recently published a blog that listed free tax filing options in Kansas City. If you meet the income requirements, a certified professional could help you file your taxes. You also qualify for the IRS’ Free File service if your household income is under $66,000. The IRS teams up with other companies to provide free e-filing options for filers who meet this requirement. You can file before January 29. E-filing services and tax professionals can help you file your taxes before this date. However, the IRS will not accept your return until January 29. You can receive your refund faster by e-filing. There are many e-filing options you could choose…
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January 8, 2018
Our blog recently discussed where to find free tax preparation services in Kansas City. However, much more can be said about why you should prepare to file your taxes early. Thousands of Americans have their tax refunds stolen by cybercriminals each year. Cybercriminals will file fraudulent tax returns after stealing the Social Security numbers and other identifying information from victims. Refunds are typically stolen during the beginning of tax season. Filers are less likely to notice the theft until they e-file weeks or months later. If you are affected by tax refund fraud, then the IRS will send you a notice in the mail. This notice will inform you that a return has already been filed in your name. According to the Federal Trade Commission (FTC), you can reduce the chances of having your refund stolen by filing your taxes as soon as you have the necessary information and paperwork….
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