Tax Carnival Ecstasy – January 10, 2013

Welcome to the January 10, 2013 edition of Tax Carnival Ecstasy. In this edition we have an article from John Schmoll on the First Steps to Investing in the Stock Market for those looking to save for retirement. Bill Smith looks at President Obama And The Fiscal Cliff Deal that was recently signed after passage in the House of Representatives. And finally we have a post on Ways An IRS Tax Lawyer Help You.  Hope you enjoy the articles in the carnival, bookmark our page, like on Facebook, tweet, share with your friends and come back soon.

James Dean presents Bad Credit Debt Consolidation Loans – How To Find Legitimate Companies posted at Unsecured Bad Credit Debt Consolidation & Personal Loans Online, saying, “Bad credit debt consolidation loans help the borrower to get out multiple debts by simply paying them all off with one single loan payment. This loan payment is often at a lower interest rate than the previous multiple debts and normally, it also has better payment terms. This is like a breath of fresh air for those people that are up to their necks in debt and need help getting their credit rating back up to a healthy place.”

English: Showing how the rapid rise in in mort...
English: Showing how the rapid rise in in mortgage credit distress is being led by subprime ARMs. Conventional loans past due 90+ days and Conventional loans in foreclosure. (Photo credit: Wikipedia)

Gregory Arnold presents How The Unemployed Can Get $1500 Fast Cash Advance Loans posted at Online Fast Cash Loans, saying, “It has been a tradition that if one is not working or earning less than 500 dollars a month, they are not legible for a personal loan on low income or against unemployment. This kind of arrangement has changed with time and the risks involved in extending financial aid to unemployed have been bypassed hence giving the lenders like payday and cash advance lenders to extend loans in small installments to the unemployed;”


Gregory Arnold presents Does Anyone Know Reputable Online Cash Advance Lenders? posted at Online Fast Cash Loans, saying, “It is normal for people to face financial problems. These problems can be dealt with easily, but when salary is not expected soon, that becomes very difficult. However, nowadays there are more efficient ways of dealing with such problems. One of them is applying for cash advance. To do this, you need to look for a good lender. So, the question still remains: does anyone know reputable online cash advance lenders?”


Bill Smith presents Free Tax Filing For 2010 Amended Return posted at 2010Taxes, saying, “Even with the best of intentions, mistakes happen. Sometimes they can be costly. But in the case of amended tax returns, fixing them could be free.”


John Schmoll presents First Steps to Investing in the Stock Market posted at Frugal Rules, saying, “Just starting to invest in the stock market can be a daunting task for many. But, with a few simple guidelines you can get started on the road to investing for your future.”

tax law

Bill Smith presents IRS Tax Lawyer Due Diligence posted at 2008 Taxes, saying, “Tax attorneys can help people with IRS problems. The IRS is always willing to work with the tax payer to get issues resolved.”

Bill Smith presents Electronic Version Of Pub 17: Getting Cozy With The IRS posted at 2009 Tax, saying, “The electronic version of pub 17 is in PDF format. It contains valuable information about filing your federal tax return.”

Bill Smith presents President Obama And The Fiscal Cliff Deal posted at 2012 Tax – Free Tax Filing Options, saying, “President Obama has left out certain important aspects of the fiscal cliff deal, in a video broadcast on the Web.”

Bill Smith presents The Fiscal Cliff Fact Check posted at 2012 Taxes – Free Tax Filing Options, saying, “Checking the facts on President Obama and the ‘fiscal cliff’ deal.”

Bill Smith presents Fiscal Cliff Deal – 77 Percent Of All Americans Set To Pay More Taxes posted at 2012 Taxes – Free Tax Filing Options, saying, “The President has claimed that the Tuesday night fiscal cliff deal will reduce middle class taxes in America. However, taxes for most Americans will increase in 2013.”


Bill Smith presents In What Way Can An IRS Tax Lawyer Help You posted at 2009 Taxes, saying, “Even though taxing is such an important subject, it is a pity that quite a number of people are unaware of the depth and importance of taxing.”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Solutions for Freedom From Debt

Contrary to a popular belief, people who are facing huge amounts of debts will not forever be in debt. Try asking a financial counselor and he will tell you that there are clear debt solutions that you can do on your own. Even without the assistance of debt management agencies, you can settle and be in control of your savings. All it takes is the will to do so.

If you want to start living a life free of worries and credit card bills, try doing the following:

Apply for a loan
People who want to pay off their credit card bills all in one go and be debt free in an instant can apply for a loan and use the money to pay off their outstanding balances. The top choice when it comes to loans is the housing loans because of their low interest rates, not to mention the fact that they are very easy to attain.

One important thing that you must keep in mind if you wish to apply for a housing loan is that you have to be diligent in paying. Meaning once it is your due date, you must pay the minimum amount balance if you do not want to risk the insurance of your home.

But, generally, housing loans are very useful and flexible as you can pay them for a long time. It can take you several years before you can fully pay for this loan.

Finding the right bank account for you

Another option that you can do is to take out all your outstanding balances and put it in an account that has the lowest interest charge rate. One reason why most consumers are having a hard time paying for their debts is because they are charged very high by the banks, no thanks to the high interest rate charges being demanded by credit card companies.

Try to canvass and look for a credit card or bank company that has the lowest interest in the market. With all the number of banks and credit card companies out there, you are bound to find one that will suit your needs and lifestyle.

There are many more clear debt solutions as well as tips and tricks that you can apply in your daily living. It is up to you to determine which method will be most appropriate and effective for you. If you need to know more, you can try researching on ways on how you can be freed from your debt.

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Dangers of Negotiating Credit Card Debt

People who are trying to settle huge amounts of debts usually end up getting the guidance and support of debt settlement companies. Apart from them, you can also contact a debt negotiation attorney as an alternative to hiring the help of these companies. They can give you the same service that debt management companies offer you.

However, if you are considering of getting a third party to help you settle your outstanding balances. There are several things that you have to take into consideration, and this includes the following:

  1. Be aware of advertising tactics. Many of these debt reduction programs claim that they can negotiate credit card debt by lowering your outstanding balances anywhere from 30 to 50 percent. While it is true that they can help you out, many clients have later on realized that they have ended up paying more than what they are indebted. There are certain instances that they charge a lot to the clients.
  2. Check for fakes and scammers. Unfortunately, many companies are taking advantage of the trust that their clients have given to them.  With that some clients ended up more in debt because the debt management agency that they got, ran away with their money. Later on they found out that their credit card bills as well as other debts were not managed at all.

Problem with attorney representation

Some debt management companies give the freedom to let their clients choose whether they want to have a representation from an attorney to help them in talking to their creditors. Many people want this because it is just sensible to have an experienced person help you out and deal with your rights. However, the thing about this is that not all debt management companies were able to provide their clients with an attorney representation. They ended up alone in facing their creditors.

Take for instance what happened to the Hass Kennedy Chartered LLC and the Consumer Law Center, they both claim to have attorney representation but when the clients asked for it, nobody in the firm represented them. Not even the owner. As a result they did not have someone to help them, and they did not even have a refund for what they have paid.

If you really want to resolve your accounts, you can have a debt settlement plan instead rather than relying to a debt negotiation attorney. This will give you the assurance that your debts will be arranged and settled.

Achieving Credit Card Debt Reduction

Credit card reduction is not the only way to cut down your debt. People who have outstanding balances are on a constant search of the best debt reduction strategies that they can do. Just because you lessened the number of credit cards that you have, it will not ultimately solve your debt problems.

The thought of becoming financially free and stable is very tempting, thus many people want to reduce their debts as quickly as possible. There are debt reduction programs as well as financial counseling that you can do to achieve freedom from debts. Apart from those things, here are several methods that you can do:

Stay away from stores for the meantime

If you want to reduce your debts, as much as possible try to stay away from shops – that is for the meantime, until you are able to keep track of your purchases and balances. For example, imposing self buying control will help you from spending money on unnecessary things. Remember that your credit score is not only based on your ability to pay your dues on time. Sometimes companies also score you for the purchases that you make. If you buy items or products that are really needed by an average person to live, then your credit score rises.

Use cash if you can

The path towards credit card debt reduction starts with you using cash in favor of credit cards. Again this is for the time being. Once you are able to pay off your debts as well as the interest rates, you can use your credit cards again.

The thing about using credit cards for usual purchases is that you accumulate more debt because of the interest rates charged by the credit card company. If a box of milk costs a little over $2, it will cost more once you used the credit card to purchase it because of the interest. Credit card companies usually charge its clients with 2 to 4 percent interest rates.

Create a budget

This is probably the wisest decision that you can do to avoid getting indebted. Whenever you have money or after receiving your salary, make your budget plan. Credit card reduction starts with proper accounting for of your funds and allocating them to your needs. You must also prioritize your payments like credit card bills to prevent your balances from increasing because of the interest rates. Create also your emergency fund for those unexpected expenses.

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