Tag: Debt Relief

Debt Relief

Do You Qualify For Debt Relief?

In earlier posts, we’ve devoted considerable time and energy to discussing common debt related terminology. We’ve discussed terminology associated with debt consolidation, for instance. This terminology is critical to grasping this important topic.  Accordingly, our readers should definitely take time to master it. We’ve also covered concepts related to tax debt resolution, concepts such as offer-in-compromise, installment agreements and […]

Student Loan Debt

Can Student Loan Debt Ever Be Discharged? 

The old saying, about death and taxes being the two certainties in life, is outdated.  These days, debt is the third certainty.  No matter how much Americans plan and structure their finances, many seem destined to be saddled with debt. We’ve discussed this plenty of times on our blog before.  We’ve even published a glossary […]

Business Debt

How Best to Manage Your Business Debt 

Starting a business is undoubtedly one of the more significant endeavors a person can attempt in life. That’s true regardless of whether or not it turns out to be a lasting success. Starting a business can be more than just a ticket to greater financial independence.  In some cases, it can provide substantial wealth, yet […]

Illegal Debt Collection Practices

What Are Illegal Debt Collection Practices?

In an earlier post, we discussed the rights granted to debtors under the Federal Debt Collection Practices Act, or FDCPA. As we learned, the Act covers most non-business consumer debts.  It applies to third-party debt collectors primarily engaged in the business of debt collection. Accordingly, it won’t stop your soon -to-be ex-brother-in-law from repeatedly call you at […]

Fair Debt Collection

Your Fair Debt Collection Practices Act Rights

Our readers know that falling into debt is something that can happen to just about anybody. People take on debt for any number of reasons – unexpected expenses, emergencies, business ventures, and so forth. Given the wide range of reasons why people go into debt, it should be no surprise that the federal government has regulated […]

Debt Consolidation Terms

Common Debt Consolidation Terms

We’ve previously provided concise definitions for various terms related to debt resolution.  We also discussed the basic purpose and mechanics of debt consolidation in the earlier post. In this post we’ll continue in the same vein and discuss several important debt consolidation terms. We’ll develop a glossary of debt consolidation terms.  That way, our readers can increase […]

cancellation of debt

Is Cancellation of Debt Income?

Tax relief is a major part of our professional practice.  It follows, then, that we should expend some ink going over what constitutes taxable income.  One of the more confusing forms of taxable income is the phantom income known as cancellation of debt or, simply, COD income.   It’s the source of many bewildered telephone calls to this law […]

Fresh Start Initiative

What is the IRS Fresh Start Initiative? 

Here at Mackay, Caswell & Callahan, one of the central pillars of our practice is resolving tax debts with the IRS. We’ve helped hundreds of people resolve their back taxes with the IRS.  That allows them to continue on and move forward with their lives.  Debt may be a part of life, particularly for today’s younger Americans.  […]

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