Tag Archives: BankruptcyAttorney

6 Smart Ways to Spend Your Tax Refund in 2020

Tax season is nothing to be afraid of for some people. Although some of us may owe the IRS money this year, others may receive funds from a tax refund. Depending on the amount you receive, there could be multiple ways to spend your tax refund to bolster your finances. Tax refunds of over $1,000 are especially helpful, as you could use this extra money for multiple purposes. Consider the following actions if you receive a tax refund this year. Set Up a Savings AccountSave for Health ExpensesSave for CollegePay Off DebtsSave for RetirementInvest in Your Career 1. Set Up a Savings Account Life may decide to give you lemons at any moment. Job loss, illness, a death in the family, an injury, or a demotion are all reasons why you could suddenly need access to money. Unfortunately, 59 percent of Americans cannot cover a $1,000 emergency. Be like the…
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3 Helpful Tips for Filing Your Taxes in 2020

Tax season is quickly approaching, which may not be the most exciting news. We all hope for a quick and painless tax season, and perhaps a substantial refund, this time of year. Fortunately, there are ways of making the filing process easier, and thus more enjoyable. Below we sketch out some top tips for filing taxes in 2020, along with information on how to handle bankruptcy and the IRS. Tips for Filing Your Taxes in 2020 1. Find a free filing service. There are now many free tax filing services available online. The IRS offers their Free File option on their official website. For those who make less than $69,000 a year, Free File offers name brand software for filing federal taxes. Those who make more can find an electronic alternative to the traditional paper tax forms. You can also use Free File to get an automatic six-month extension for…
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Should I File for Bankruptcy?

Struggling with debt can sometimes feel overwhelming and never-ending. Fortunately, there are ways to move yourself and your finances beyond your current struggles. Filing for bankruptcy may provide benefits that far outweigh the woes that come with constantly battling debt. Before taking this route, however, it is important to know whether your financial situation warrants such a decision. If you are struggling with the question of whether you should file for bankruptcy, keep reading to learn more about the warning signs. Below, we outline a number of warning signs that are often caused by difficult financial situations. Identifying one or a combination of these indicators may help you determine when to file bankruptcy. If any of these scenarios describe your situation, then we encourage you to speak with a Kansas City bankruptcy lawyer from our firm. Collection Agencies Are Contacting You Typically, this happens when you have failed to pay…
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