A miscalculation or mistake on a person's taxes may not be discovered for several years after the annual filing is complete. When a New York resident's taxes are reviewed by the Internal Revenue Service, he may later be contacted by the federal agency about potential problems with what he reported. Depending upon what the IRS finds, that person may become liable for significant back taxes based upon errors in prior years' tax returns.
There is no doubt that bankruptcy, whether for an individual or for a business, can provide an entity with some helpful opportunities to manage its overwhelming debts. Many New York business and corporate entities choose to file for Chapter 11 bankruptcy so that they may continue their operation as they re-establish the strength of their operations through business reorganization. However, several factors can prevent a business bankruptcy under Chapter 11 from moving forward and this blog post will look at just a few of those issues.
The Law Office of Ronald V. De Caprio works with individuals who are struggling with apparently insurmountable credit card debt. Credit card debt can become a problem for Garnerville residents for a variety of reasons; to meet those divergent causes, an assortment of potential remedies exist. One possible remedy for managing crippling credit card debt is filing for personal bankruptcy.
Buying a car can be an exciting process for a Garnerville resident. Vehicles often give individuals the freedom they desire as well as reliable modes of transportation for getting to work and caring for their families. Many people lack the savings to buy cars with cash; those who do lack savings usually finance their purchases with vehicle loans.