How to Pay Taxes If You are Unemployed
by Harrine Freeman
by Harrine Freeman
Unemployment insurance benefits are taxable for federal and state. Seven states fully exempt unemployment benefits: Montana, New Jersey, Alabama, Pennsylvania, Arkansas, California, and Virginia. Wisconsin and Indiana offer partially exempt unemployment benefits.
You will receive a Form 1099-G that will show your total unemployment compensation and the amount of taxes withheld. Here are 5 options if you owe taxes and are unemployed.
1. Installment. Apply for an installment plan and setup an IRS payment schedule by filing IRS Form 1127. If you can pay the amount owed in 3 years.
2. Extend. Request an IRS extension for 6 months.
3. Pay. Pay at least something. Interest is charged on unpaid taxes from Tax Day (April 15th) until the day you make the final payment.
4. Streamline agreement. If you own less than $25,000 and can pay the amount within six years, ask the IRS for a streamlined payment agreement.
5. Offer in Compromise. Request an Offer in Compromise if you cannot pay the total amount owed which allows you to settle your tax debt for a smaller amount.
Here are some helpful links regarding personal finance: http://www.hefreemanenterprises.com/resources.html
How to Get Out of Debt: Get an “A” Credit Rating for Free by Harrine Freeman
According to the Fair Isaac Corporation (FICO) approximately 30 million Americans are in debt and receive bad credit ratings every year. In 2005, 2 million Americans filed for personal bankruptcies. Change your life and get out of debt today.
Harrine was over $19,000 in debt and was able to get out of debt while earning $21,000 a year, became debt free and has been for the past ten years. You can do it too just like Harrine did.
How To Get Out of Debt: Get an "A" Credit Rating For Free gives you step by step details of how to get out of debt. The first step is to identify your spending habits. Next create your own spending plan to begin paying off your debts, establish an "A" credit rating and develop a nest egg for the future.
How To Get Out of Debt: Get an "A" Credit Rating For Free will show you how to:
* Determine if you have bad credit
* Repair your credit
* Maintain your good credit
* Deal with telemarketers and creditors
* Create your own spending plan
* Prevent identity theft
Can you imagine how your life would change if you had good credit? Imagine the relief ? Less stress, not worrying about bill collectors calling you at home or at work, and putting an end to your fights with your partner, spouse or children that are caused by not having any money. You would be able to buy things that you needed or wanted, and get a great interest rate for a home or car loan. These are just some of the many benefits of having good credit and using this book can help you reach that important financial goal.
Industry Book Reviews
How To Get Out of Debt: Get an "A" Credit Rating For Free is a fantastic guide for anyone deep in debt or facing credit problems. "If you need credit help, Harrine Freeman offers the inside scoop on the tips, tricks and techniques that really work"!
-- Lynnette Khalfani, author of the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom and recent Oprah Show Guest
"Like many Americans, Harrine Freeman, has been through credit difficulties. But not only has she turned her situation around, she has gone on to help others do the same with her straightforward guide to better credit, How To Get Out of Debt: Get an "A" Credit Rating For Free. Her book is here at a time when so many people need this kind of help".
--Gerri Detweiler, consumer advocate and author of The Ultimate Credit Handbook
Purchase How to Get Out of Debt: Get an "A" Credit Rating for Free [Kindle Edition]
Meet the Author
Harrine Freeman is an authority on personal finance with over 10 years of experience under her belt. Freeman is a financial counselor, CEO of H.E. Freeman Enterprises and Author of "How to Get out of Debt: Get An “A” Credit Rating for Free," a self-help book on credit repair that provides consumers with a step by step plan on how to get out of debt, increase their credit rating and plan for the future.
She has impacted the lives of thousands of people in the United States through public speaking engagements and financial counseling. She is called upon by business owners, CEO’s, celebrities, students, teachers, sororities, fraternities, displaced workers, veterans and families. She helps client's prepare for financial freedom, by providing useful advice, resources and the tricks of the trade to ease concerns and really steer clients in the right financial direction.
She is a member of Credit Professionals International, American Association of Daily Money Managers, American Association of Individual Investors and National Speakers Association.
She has been featured in: Featured in Market Watch, Wall Street Journal, Forbes,The Washington Post, NASDAQ, Huffington Post, MSN Money, Black Enterprise, Essence Magazine, Ebony, Woman’s Day magazines.
Connect with Harrine Online