Many talk about how well the economy is doing and the historic lows involving unemployment numbers, but the number of people in debt continues to climb. According to Lending Tree, there is an estimated $4 trillion in outstanding consumer debt at the end of 2018 and a chunk of that is placed with debt collection agencies. The numbers vary, but a portion of the 30 million people with at least one outstanding debt is turned over to debt collection agencies, who have an estimated recovery rate of about 20 percent.
There is more than the usual amount of confusion this tax season with 2017’s Tax Cuts and Job Creation Act going into effect. Addressing this issue, the IRS said that it would be more lenient if filers were close to tax liability for the year.
The tenant improvement allowance is an important part of any commercial lease negotiation. This allowance given the landlord enables the new tenant spend money to build out the space so it better fits its specific needs. This along with the length of the lease are going to the be two most significant issues to impact on the amount a tenant pays on its negotiated rental rate.
There have been extensive budget cuts at the IRS and the average audit rate is just .6 percent. The president has bragged and been cagey about how little he paid in taxes. Nevertheless, an annual IRS survey claims that nine out of ten Americans believe that it is their civic duty to pay taxes.
Austin and the state of Texas have a lot of assets that add up to a great quality of life for many. To start with: theres are the food and music, the weather, the tech industry, and of course the fact that we do not pay income taxes. Many would seem to agree with this assessment, and the moving trucks seem to arrive daily, helping grow what was once a college town with the capital to a thriving and economically metropolis.
When considering the option of filing for bankruptcy protection, many people express concerns over what will happen to their stuff. You may think that if you file for bankruptcy that you will have to hand over your stuff to pay for your debts. This is not necessarily the case – you may actually be able to keep most of your personal property in Chapter 7 bankruptcy.