Debt and Tax News | The Law Offices of Craig Zimmerman

Finances and the CoronaVirus (COVID-19)

Craig Zimmerman — Tue, 24 Mar 2020 21:04:39 +0000

Right now, there is a global pandemic gripping the world. Everyone is being asked to self-quarantine and social distance in order to stop the spread of the CoronaVirus (COVID-19). Businesses are laying off mass number of employees. The amount of work shifts employees are working are being reduced. Retail, service and restaurant workers are being […]

The post Finances and the CoronaVirus (COVID-19) first appeared on The Law Offices of Craig Zimmerman.

Tax Law Changes From 2018

Craig Zimmerman — Tue, 08 Oct 2019 21:29:38 +0000

Last year Congress enacted some changes to the tax laws which will affect your 2018 tax return, which is due April 15, 2019. There are lots of changes and only a knowledgeable tax preparer will fully understand them but here are some of the key changes to note: In the past, the full amount of […]

The post Tax Law Changes From 2018 first appeared on The Law Offices of Craig Zimmerman.

Debt Still Dogs Americans – TheStreet.com

Craig Zimmerman — Thu, 17 Sep 2015 18:04:07 +0000

In new article featuring attorney Craig Zimmerman, TheStreet.com touches on the modern nature of debt, credit, & consumerism. Astoundingly almost 80% of Americans hold some form of debt. That terrible news for the financial backbone of the country right? Read more at : http://www.thestreet.com/story/13262713/1/debt-still-dogs-americans-but-that-may-not-be-a-bad-thing.html

The post Debt Still Dogs Americans – TheStreet.com first appeared on The Law Offices of Craig Zimmerman.

Jack Johnson files for bankruptcy thanks to parents’ loans against contract

admin — Mon, 24 Nov 2014 19:00:39 +0000

Who do you trust with your money? Many of us would probably list “parents” near the top of that list. Which is why the tale of Columbus Blue Jackets defenseman Jack Johnson is so shocking and deplorable. Aaron Portzline of the Columbus Dispatch reported on Thursday that Johnson filed for bankruptcy on Oct. 7, claiming […]

The post Jack Johnson files for bankruptcy thanks to parents’ loans against contract first appeared on The Law Offices of Craig Zimmerman.

Nation’s Biggest Buy-Here, Pay-Here Dealer Fined $8 Million

admin — Mon, 24 Nov 2014 18:56:33 +0000

It’s been a bad week for debt collectors who employ questionable tactics. The largest buy-here, pay-here car dealer in the nation must pay an $8 million civil penalty after an investigation by federal authorities found it had repeatedly harassed consumers and furnished incorrect information to credit bureaus. DriveTime Automotive Group offers car purchase agreements that […]

The post Nation’s Biggest Buy-Here, Pay-Here Dealer Fined $8 Million first appeared on The Law Offices of Craig Zimmerman.

Student Loan Crisis Busts Retirement Savings

admin — Wed, 25 Jun 2014 14:30:37 +0000

California’s Congressional delegation, the largest and most influential in the nation, is undergoing a major upheaval, the result of reapportionment and retirements, threatening the state’s influence in Washington next year and forcing members to scramble to withstand what is emerging as a generational wave. A quarter of the state’s 53-member delegation to Washington could be […]

The post Student Loan Crisis Busts Retirement Savings first appeared on The Law Offices of Craig Zimmerman.

IRS Plan Will Let Some Unemployed Taxpayers Avoid Penalties

admin — Wed, 25 Jun 2014 14:28:30 +0000

Taxpayers who have been unemployed for at least 30 days in 2011 or 2012 will be able to avoid some penalties for failing to pay their taxes, the Internal Revenue Service said. Those struggling taxpayers would have an extra six months to comply and avoid the failure-to-pay penalty. They would still owe interest on back […]

The post IRS Plan Will Let Some Unemployed Taxpayers Avoid Penalties first appeared on The Law Offices of Craig Zimmerman.

I.R.S. Loses Tax Case Against Lay of Enron

admin — Wed, 25 Jun 2014 14:07:23 +0000

The United States Tax Court rejected a bid by the Internal Revenue Service to collect $3.9 million from the estate of the former Enron chief Kenneth L. Lay and his wife. The case was related to transactions among Mr. Lay, his wife, Linda, and Enron that were executed on Sept. 21, 2001. The Lays sold […]

The post I.R.S. Loses Tax Case Against Lay of Enron first appeared on The Law Offices of Craig Zimmerman.

Thousands Come Clean as IRS Gets $2.7 Billion

admin — Wed, 25 Jun 2014 14:04:33 +0000

The Internal Revenue Service has taken in a total of $2.7 billion from holders of offshore bank accounts, the agency said as it announced that 12,000 taxpayers responded to the second round of a partial amnesty program. IRS Commissioner Douglas Shulman said yesterday that the agency’s emphasis on international tax enforcement prompted more people than […]

The post Thousands Come Clean as IRS Gets $2.7 Billion first appeared on The Law Offices of Craig Zimmerman.

Debt collector erroneously garnishes OC lawmaker’s wages

admin — Wed, 25 Jun 2014 13:58:05 +0000

You’d think if you were about to garnish the wages of a state lawmaker you’d do everything you could to ensure you had the right guy. So imagine State Sen. Lou Correa’s surprise when he received notice at his State Capitol office last month that his earnings were being seized to pay off a debt […]

The post Debt collector erroneously garnishes OC lawmaker’s wages first appeared on The Law Offices of Craig Zimmerman.