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Are you addicted to debt? »

American Personal Savings Rates

It’s no secret that we love to spend. Our personal savings rates have dropped into the negative range meaning that we are spending money faster than we can save it.
At the same time, the amount of consumer debt has increased dramatically over the last 50 years.
Just look closely at [...]

How Long Can The IRS Collect From Me? »

The IRS is given 10 years from the date the tax is assessed to collect in most cases by 26 USC §6502, a section of the Internal Revenue Code . The date after which the tax can no longer be collected is call the “Collection Expiration Statute Date” or “CSED” for short.
However, there are [...]

NC Attorney General Among Those Settling With J.K. Harris »

If you Google “J.K. Harris”, the website for the tax debt firm is followed closely by websites filled with consumer complaints with the company. As reported in the Associated Press article: 18 state Attorney Generals settled with SC tax debt firm numerous state Attorney Generals settled with J.K. Harris with [...]

Tax Debt - Don’t Mess With It »

There are many types of debt faced by a consumer.  The most feared is tax debt.  My advice is “don’t mess with it.”  In fact, there is a website dedicated to this very idea.  In her 28th tax carnival, Kay Bell, a writer and self described tax geek, uses my article on Bankruptcy Law Network, “Can [...]