If you recently had your Social Security card stolen or an identity thief had access to your Social Security number, someone could be using your Social Security number for a variety of purposes. Using someone else’s Social Security number is illegal but thousands of people become the victims of identity theft after losing their Social […]
Someone is Using My SSN – What Should I Do? Read More »
Q: I lost my social security card about a month ago. I already have memorized my social security number and don’t really need to carry the card around with me. Should I be worried? A: If someone steals your Social Security card, or you have misplaced your card and can’t find it, you need to
I Lost My Social Security Card, Now What Do I Do? Read More »
Q: I am unable to file my taxes because someone used my social security number. What should I do? A: If you recently found out that someone used your Social Security number to file taxes, you will need to report the fraudulent activity to the Internal Revenue Service (IRS) immediately. The IRS usually sends out
I Can’t File My Taxes Because Someone Used My SSN – What Do I Do? Read More »
Once you pass 50, your life insurance needs may change. Perhaps the kids are grown and financially secure, or your mortgage is finally paid off. If so, you may be able to reduce or eliminate coverage. On the other hand, a disabled dependent or meager savings might require you to hold on to life insurance
Does It Make Sense To Keep Life Insurance After Age 50? Read More »
The Social Security Administration, Office of the Inspector General cannot place a fraud alert on your SSN but they do manage a fraud hotline to investigate instances of fraud. You can contact the U.S. Department of Health Services Office of Inspector General to report various types of fraud, including medical identity theft, Social Security disability
Will the SSA Place a Fraud Alert on My Social Security Number? Read More »
Q: I filed for my taxes on Turbo Tax I got a message saying that my social security number has been used and one of my dependents. Can I ever find out who did it? What if their using numbers in other places? Will I get my refund? A: If someone has used your Social
Someone Stole My Social Security Number To File Taxes. Help! Read More »
Q: My husband and I each took $10,000 early IRA distributions to help pay for a construction loan on a new house. The amount is exempt from the 10% penalty but I do not understand, when it comes to taxes, why it is considered taxable income when I paid income taxes on that money before
Why Was I Taxed On An Early IRA Distribution? Read More »
Q: My husband and I have been married for 2 1/2 years and have not mixed any of our finances due to his poor credit history. We have filed taxes separately in the past, but this year we looked at filing jointly and would get much more money back. My question is this…can filing jointly
Should I File Taxes Separately From My Spouse To Protect My Credit Score? Read More »
Q: I have $1000 I would like to invest. What type of investment you think I can do that will yield the highest (return). I am saving to buy a house and hope to do so by next year. A: Before you invest $1,000, I’d suggest taking care of five financial basic: 1) Paying off
Should I Invest My Money In Order To Save For A Home? Read More »
Q: I am the creditor and I canceled the debt (the amount owned by a real estate development company). I have provided a 1099-C to the real estate development company. Please advice what other actions I must take: (a) Do I have to inform IRS that I have forgiven debt as a creditor… if yes
I Forgave A Debt And Issued Form 1099-C. Do I Have To Inform The IRS? Read More »
Q: After paying off all my credit cards, I canceled all of them as well. I currently use only cash even for significant purchases. I do not know my current score but it is my understanding that it is currently very low due to my past credit history. Should I be concerned about my credit
How to Raise a Low Credit Score Read More »
Did you file a joint income tax return and expect to get a big check back from Uncle Sam only to find out that the government kept all or part of your refund? If so, the feds probably think you – or your spouse – have a delinquent debt that must be paid before you
How to Claim Injured Spouse Relief from the IRS: Form 8379 Read More »
Q. How do I manage massive student loan debt ($200,000) on a modest income? A. To manage large student loan debt on a modest income, pick the right repayment program – one that is affordable, given your present economic circumstances. If you have federal student loans, there are four different loan repayment plans you can
How Do I Manage Massive Student Loan Debt ($200,000) on a Modest Income? Read More »
Q. Does medical debt affect you (or your credit score) as much as credit card debt? A. No, medical debt doesn’t affect your credit rating as much as credit card debt. In fact, medical bills do not adversely impact your credit or your credit score at all, unless you have long overdue medical accounts that
Does Medical Debt Hurt Your Credit Score as Much as Credit Card Debt? Read More »
Q: Do you suggest attempting to take out a business loan to finance a business that you have invested in although credit may not be good, personally? A. No, I don’t suggest trying to get a business loan to finance your business operations when you know your personal credit isn’t good. You’ll simply wind up generating an
Should I Apply For A Business Loan If I Already Have Bad Credit And A Low Credit Score Read More »
