Here is a very amusing and outraged report on “payday lenders” from John Oliver, the British reporter who apprenticed with Jon Stewart and Steven Colbert. He’s accurate in presenting the problem Read more >>
Author: admin@faucherlaw
A Little-Known Bankruptcy Benefit
Bankruptcy works in unexpected ways. That’s how a colleague sells his potential clients on hiring him to get a discharge in bankruptcy. And he’s right. My client opened a fast-food. Read more >>
Investment Activity and Your Tax Return
Most people know that they can’t claim losses incurred by a hobby – say, for instance, their side hobby of breeding and raising Great Pyrenees dogs. No profit motive, no deduction Read more >>
Proving A Negative: IRS Needs Evidence of Taxpayer’s Being Paid
My mother-in-law, Margret, is in a nursing home. She knows who she is, but not much more than that. My wife does her taxes every year. And it’s usually Read more >>
Misleading Radio Ads Promising Huge Tax Debt Reduction
I heard a radio ad about solving IRS problems. “It’s a fact that when you owe $10,000 or more, the IRS can take your car, your house . . . even your freedom.” Read more >>
Should Legal Losers Pay the Winners’ Attorney Fees?
My clients were nurses at a local hospital. They’re immigrants and English isn’t their first language. They worked hard and bought a house. One day, Read more >>
Bankruptcy Didn’t Make Sense: Nothing Left to Lose & Loving It
I had a bankruptcy client a few years ago. He owned two office buildings with mortgages totaling more than the buildings’ values. They were going to be foreclosed, triggering personal Read more »
Tea Party Isn’t A “Social Welfare Organization,” So No Tax-Free Status
A few months ago, the US saw the political theater of Congress outraged at the IRS’s alleged targeting of Tea Party political organizations for scrutiny on whether they qualified for Read more »
The “Audit” That Isn’t An Audit
IRS has sent out tens of thousands of letters to small businesses asking them to explain the difference between the businesses’ receipts reported on the tax returns and reported by third parties Read more >>
Asset Protection & Pre-Bankruptcy Planning
A well-to-do friend called me for some planning. He invited me to his beautiful, five-bedroom home in the hills above Westlake Village. We sat at poolside as he described his predicament. Read more >>