Archive forJanuary, 2015

Tax time lessons: Know what you’re signing

SHREVEPORT, LA (KSLA) –

Customers of a Shreveport tax preparation office say their taxes were filed without their knowledge or permission, and they want their money back.

They wont be getting it, however, because the actions of the business are not illegal.

It all started when customers took out cash loans from Tax Pros before the holidays. They say they didnt know their income tax refunds would be used to repay those loans.

As a result, dozens of frustrated customers stood outside the Tax Pros office Friday in Shreveport.

We got families and people too, and all theyre worried about is getting their money from us, and its not right, said customer Kelsie Stillwell.

Some people didnt even give them their W2s. All they need is their social security number and boom,” said Kelsie Stillwell.

Each person that secured a loan promised to pay back the money by signing an IRS e-file signature authorization form.

That gave Tax Pros authorization to file a tax payers taxes, but the people standing in the line say they simply didnt understand the fine print.

The maturity date was explained to them. It was also explained that in order for the company to retrieve its funds, it would be coming back through a guaranteed entity which in this case their tax return, said regional director of Tax Pros Jamiel Miller.

Miller admits they filed returns starting January 20, when the IRS began accepting electronic filings, whether customers turned over their W-2s or not.

Its nothing that we have control over as a tax payer, your taxes are your responsibility, so all we can do is give you a clear deadline on when we need that information from you, said Miller.

A lesson that Kelsie Stillwell says shes learned the hard way.

Yes maam doing my research, next year when I file my taxes, it will not be like this I promise,” said Stillwell.

The bottom line is that its important to know exactly what you are signing.

Louisiana Department of Revenue Secretary Tim Barfield stresses you should read the fine print and if you dont understand, ask for clarification.

Copyright 2015 KSLA. All rights reserved.

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Get Safe Payday Loans Online in a Simple and Easy Manner

(Forimmediaterelease.net) You can now avail the facility of getting upto $1000 by paying a visit at https://safepaydayloans.org. The benefits of getting payday loans online is that you are offered competitive and good APR rates and there are no hidden charges as well. You can grab your opportunity of getting fast payday loansby following a simple procedure of form application and then getting the loan approved within no time at all. You can carry out the entire procedure of form fill-up and approval within the comforts of your house without having to go through any sort of paperwork.

Safe payday loans is a website that has basically been designed for simplifying the procedure of finding suitable loan to meet specific requirements. The website is in business relation with some well-established and trustworthy lenders and thus it provides its visitors with the best opportunities of getting safe payday loans online. Clients on this website can remain least assured about the fact that they will be getting top-end deals available in the market. The owners of this website are well aware of the sources that can get their clients the required money.

Looking into the benefits of getting quick cash loans online it can be said that you have the flexibility of choosing from different loan offers- the offer that best suits your requirements. You can start with your online loan approval procedure by applying for a short-term loan. The procedure is very simple and you will have all your funds available within a very short span of time. For short-term loans online, you will have to pay a very nominal fee of around 15 to 25 of the entire amount of money that you wish to receive. The duration of the loan might vary from around two weeks to few months.

There are large scale benefits of applying for quick cash loans online. You get the ease of accessing your account by way of an internet connection, you receive the amount within very less time, the terms and the rates are quite flexible, you can trust the services and the best of all the entire procedure is quite stable. The procedure of getting fast payday loans online is very simple. You need to fill in an application form in order to apply for a loan, then you need to take different offers into consideration and make the choice of the offer that best suits your requirements. You get your cash instantly with standard APR values ranging from 200 to 2300 depending on several factors. These factors include time span of the loan and the rate and frequency of the collection of loan fee. There is a special policy for failed payments where you need to contact the lender so that you do not have to give exorbitant fines for late payments.

Coming to the proper understanding of the interest rates on fast payday loans, it has to be kept in mind that every lender is required to follow certain restrictions in getting the payday loan issued. The restrictions are completely different for every state and they help in controlling the amount of money that can be borrowed, interest rate and other fees related to the loan. At safe payday loans cannot be applied for in states like Georgia, Virgin Islands, Arkansas and Arizona.

Company Name: SAFE PAYDAY LOANS PVT LTD
Contact Person: Philip C. Burriss
Email: support@safepaydayloans.org
Phone: 3236486601
Address:5670 Wilshire Blvd.
City: Los Angeles
State: California
Country: United States
Website: https://safepaydayloans.org

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Finance specialist gives £40k lending boost to Decorative Agents

Rochdale-based Decorative Agents has secured a £40,000 facility from a north west finance company.

The decorating supplies business, which was set up in September 2012, has received the boost from Manchester-based Positive Cashflow Finance.

Managing director Lea Wrest, who has over 20 years’ experience in the painting and decorating sector, now supplies a variety of decorating tools such as paint brushes, dust sheets and roller sleeves to contractors, schools, colleges and other decorating businesses.

He said waiting between 30 and 60 days for customers to pay was making cash flow tight and with being a relatively new company it was difficult to obtain credit from suppliers.

With no other funding, the £40,000 cash injection enabled them to invest in stock and improve their IT infrastructure.

Lea is vastly experienced in the sector and has built up a base of contacts that trust the goods will be of a high quality and delivered on time.

With the funding facility in place, he says he is confident that they can double turnover over the next 12 months.

He said: We had considered other types of funding, however invoice finance seemed the most suitable for our requirements as the funding will continue to grow as our sales increase.

Phil Chesham, sales and marketing director at Positive Cashflow Finance added: Businesses like Lea’s need the funding to help them smooth their cash flow as they look to expand.

“We are delighted to support Lea and his business and look forward to assisting him achieve his growth plans.”

Positive is an independent invoice finance provider with an office in Manchester city centre offering facilities from £10,000 to £1m.

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Senate Finance to consider veterans bill

The Senate Finance Committee will consider its first piece of legislation of the new Congress on Wednesday, marking up a bipartisan measure to incentivize the hiring of veterans and tweak ObamaCare.

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Top 10 things purchased from Sky Mall after mag files for bankruptcy

With the news that Sky Mall, the magazine that promotes and sells stuff that most of us dont really need but made are being produced because of a successful pitch on Shark Tank, is filing for bankruptcy, here are the top 10 things bought from the publication.

While plenty of companies survive after filing for bankruptcy, it doesnt look good for Sky Mall, according The Associated Press story of their filing, stating that the company owes more than $2 million to the very airlines that carry the magazine.

According to a Business Insider story, the list of products is quite diverse. Finding that cast-iron giraffe-shaped toilet paper/paper towel holder just got more difficult.

10. Cast-iron Giraffe Paper Holder: $29.95. From Sky Mall magazine: Paper towel in the kitchen? Toilet tissue in the bathroom? This giraffe keeps what you need at hand.

9. Posture Corrective Brace: $39.99. This over-the-shoulder support gently holds shoulder and back in a healthier position. Individuals with osteoporosis and postural disturbances will find our Posture Corrective Brace to be especially beneficial in helping you stand straight.

8. Campus Letter Art Photos: $49.99 to $79.99, We traveled to hundreds of colleges and universities and took photos. Each picture represents a letter and underneath each image is a caption indicating where on campus the photo was taken. For example, the M in the Alabama photo shown was taken from Bryant-Denny Stadium.

7. Dermatend Original: $39.99. Dermatend is a breakthrough all-natural mole, wart and skin tag remover thats safe to use in the privacy of your own home. Unlike surgery, you wont be left with unsightly scars or a large doctor bill. And best of all, its guaranteed!

6. Indoor/Outdoor Bed Large: $27.99. Use this elevated dog bed to give your pet a welcome alternative to napping on the cold floor or hard cement patio.

5. Faux Suede Sofa Protector: $49.99. Soft, suede-like cover protects sofa upholstery from spills and pet hair.

4. Bunion Regulator: $17.99. You can say good night to bunions! Slip on our nighttime Bunion Regulator before you go to bed and, while you sleep, tight tendons and toe muscles stretch.

3. Skyrest Travel Pillow: $29.99 This person is able to sleep comfortably in any Seat! Can you say the same? Probably not, unless you have SkyRest.

2. Vista Stair Treads: $29.98 for a set of four. Enjoy pure cotton comfort with a nonslip backing for safety.

1. Relead Neck Rest: $19.99. The lightweight and compact Releaf Neck Rest allows for easy travel as compared to a bulky neck pillow, while offering greater all-around support for your head.

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Rob Manfred defends Fred Wilpon being put in charge of baseball’s finance …

On the one hand, this is good to hear. Commissioner Rob Manfred explains to the New York Times that, bad optics aside, putting the debt-ridden, two-time victim of Ponzi schemes in charge of baseballs finance committee is not a problem because baseballs finance committee does not actually handle investments. Thats another group altogether, so dont worry about old Fred giving $50 million Baseball Bucks to some fraudster with a get-rich quick scheme.

On the other hand, the reason Wilpon is in charge of the finance committee is bound to make Mets fans want to tear their hair out. Heres Manfred:

The committee — the finance and compensation committee — really deals with two issues, principally: executive compensation, which he’s more than capable of dealing with, and a central office budget. Obviously, to be a successful businessman, you have to know how to budget . . . He understands how the budget process in baseball has worked, and he’s more than qualified to fill that role.”

Yes, Fred Wilpon knows how to budget. As indicated by the fact that his baseball team, which plays in the largest market in the country, currently has a payroll lower than that of the Minnesota Twins.

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Top 10 things purchased from Sky Mall after mag files for bankruptcy

With the news that Sky Mall, the magazine that promotes and sells stuff that most of us dont really need but made are being produced because of a successful pitch on Shark Tank, is filing for bankruptcy, here are the top 10 things bought from the publication.

While plenty of companies survive after filing for bankruptcy, it doesnt look good for Sky Mall, according The Associated Press story of their filing, stating that the company owes more than $2 million to the very airlines that carry the magazine.

According to a Business Insider story, the list of products is quite diverse. Finding that cast-iron giraffe-shaped toilet paper/paper towel holder just got more difficult.

10. Cast-iron Giraffe Paper Holder: $29.95. From Sky Mall magazine: Paper towel in the kitchen? Toilet tissue in the bathroom? This giraffe keeps what you need at hand.

9. Posture Corrective Brace: $39.99. This over-the-shoulder support gently holds shoulder and back in a healthier position. Individuals with osteoporosis and postural disturbances will find our Posture Corrective Brace to be especially beneficial in helping you stand straight.

8. Campus Letter Art Photos: $49.99 to $79.99, We traveled to hundreds of colleges and universities and took photos. Each picture represents a letter and underneath each image is a caption indicating where on campus the photo was taken. For example, the M in the Alabama photo shown was taken from Bryant-Denny Stadium.

7. Dermatend Original: $39.99. Dermatend is a breakthrough all-natural mole, wart and skin tag remover thats safe to use in the privacy of your own home. Unlike surgery, you wont be left with unsightly scars or a large doctor bill. And best of all, its guaranteed!

6. Indoor/Outdoor Bed Large: $27.99. Use this elevated dog bed to give your pet a welcome alternative to napping on the cold floor or hard cement patio.

5. Faux Suede Sofa Protector: $49.99. Soft, suede-like cover protects sofa upholstery from spills and pet hair.

4. Bunion Regulator: $17.99. You can say good night to bunions! Slip on our nighttime Bunion Regulator before you go to bed and, while you sleep, tight tendons and toe muscles stretch.

3. Skyrest Travel Pillow: $29.99 This person is able to sleep comfortably in any Seat! Can you say the same? Probably not, unless you have SkyRest.

2. Vista Stair Treads: $29.98 for a set of four. Enjoy pure cotton comfort with a nonslip backing for safety.

1. Relead Neck Rest: $19.99. The lightweight and compact Releaf Neck Rest allows for easy travel as compared to a bulky neck pillow, while offering greater all-around support for your head.

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Crapgadget purveyor SkyMall is filing for bankruptcy

Youd be forgiven for thinking that SkyMall, the ubiquitous in-flight magazine featuring things youd only buy when drunk on tiny liquor bottles and jet lag, was already dead. Well, its alive — but it appears not for much longer. SkyMall has just filed for bankruptcy, The Wall Street Journal reports. Its killer? You guessed it: internet access and more gadgets on planes. The wider availability of in-flight WiFi resulted in additional competition from e-commerce retailers and additional competition for the attention of passengers, all of which further negatively impacted SkyMalls catalog sales, said CEO Scott Wiley. Guess youll just have to get your day of the week clocks and zombie garden statues elsewhere.

[Photo credit: Shozu/Flickr]

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St. Paul-Minneapolis Archdiocese files for bankruptcy

By AMY FORLITI
Associated Press

ST. PAUL, Minn. (AP) – The Roman Catholic Archdiocese of St. Paul and Minneapolis filed for bankruptcy protection Friday, saying it is the best way to fairly compensate victims of clergy sexual abuse while allowing the archdiocese to continue the churchs mission.

Archbishop John Nienstedt said Chapter 11 reorganization will allow the finite resources of the archdiocese to be distributed equitably and fairly among victims and survivors … This is not an attempt to silence victims, nor is it an attempt to deny them their justice in court. On the contrary, we want to respond positively in compensating them for their suffering.

The archdiocese is the 12th US diocese to seek bankruptcy protection in the face of sex abuse claims. Church leaders have said for months that bankruptcy was an option, as the archdiocese faces numerous lawsuits by abuse victims. The lawsuits will be put on hold while bankruptcy is pending.

The filing estimates the archdiocese – the states largest with more than 800,000 parishioners – has assets between $10 million and $50 million, with liabilities between $50 million and $100 million. It also estimated 200 to 300 creditors.

Nienstedt said the archdiocese has a long journey ahead in working to restore trust, but he does not plan to resign, as some have called for him to do. He said the archdiocese may have to sell assets in the bankruptcy process.

Jeff Anderson, a victims attorney who is collaborating with the archdiocese on child protection issues as part of an October settlement, said the bankruptcy filing is necessary. He believes the archdiocese will continue to put victims first, and said the bankruptcy wont stop the ongoing disclosure of information about the abuse cases.

But Patrick Noaker, another victims attorney, said hes disappointed. Noaker is handling a lawsuit scheduled for trial this month, and he said the filing robs him of the chance to reveal information that could help protect children in the future.

The process of bankruptcy is not going to make kids safer, he said. I dont think its any accident that they filed a week before this trial was going to start.

Minnesota lawmakers created a three-year window in 2013 for victims of past sexual abuse to file claims that otherwise would have been barred by the statute of limitations. Since then, the archdiocese has been sued roughly two dozen times, and it has received more than 100 notices of potential claims.

The mission of the church and its day-to-day operations will continue through bankruptcy, said Charlie Rogers, an attorney working for the archdiocese. Parishes and schools, which are incorporated separately from the archdioceses central office, should not be affected.

Pamela Foohey, an associate professor at Indiana Universitys Maurer School of Law, said filing for bankruptcy is a smart move for dioceses in this situation and it can help victims, if they are treated fairly.

The St. Paul-Minneapolis archdiocese will try to avoid prolonged fights seen in other dioceses, Rogers said. The archdiocese has already addressed issues that have bogged down other bankruptcies, including implementing a new system to protect children and disclosing thousands of pages of church documents and the names of accused priests.

The Rev. Charles Lachowitzer, a top church official, said the archdiocese is doing the right thing, and he hopes parishioners see the bankruptcy filing as a necessary step to close a horrendous and tragic chapter in the life of the church.

___

Follow Amy Forliti on Twitter: http://www.twitter.com/amyforliti

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Allow universities to restructure themselves through bankruptcy

Despite, or perhaps, because of, the higher education boom in the years immediately following the Great Recession, colleges and universities are now facing increased financial pressures.  Enrollments are down by nearly one million students from 2012 levels.  These decreases in enrollment have not only hurt everyone’s bottom line, but institutions are now subsidizing students that do enroll at exceedingly high levels.  Add in the disruptions caused by innovations in the delivery of education and the financial constraints accompanying capital projects undertaken when times were good, it is unsurprising that analysts such as Bain amp; Company report that, over 60 percent of institutions are on an “unsustainable financial path” or at financial risk.

Unfortunately, institutions of higher education have a significant limitation on their ability to restructure debt. Practically speaking, they can’t declare bankruptcy.  Despite the general nondiscrimination provision in the bankruptcy code, changes to the Higher Education Act in 1992 require that a college filing for bankruptcy immediately and irrevocably loses access to the federal loans and grants authorized under Title IV of the HEA.  Considering that approximately 85 percent of students utilize Title IV programs to pay for tuition, this restriction makes filing for bankruptcy a nonstarter.

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