Ashley F. Morgan Law

05/28/2020

We are offering phone and video consultations for debt issues! Worried about your bills and finances? Our office may be able to help!

05/13/2020

Prices are tumbling at an alarming rate

Rents and food prices are soaring, but other things like gas and car prices are dropping...

Prices are tumbling in America as the coronavirus lockdown drags on and people spend less.

05/11/2020

3 Reasons Why COVID-19 Continues to be on the Upswing in the Fairfax Health District - Fairfax County Emergency Information

Stay safe and healthy! Do what you can to slow the spread of Covid-19.

Posted at 11:45 a.m. It’s been 60 days since we reported our first case of COVID-19 in the Fairfax Health District. While no one can say for certain what will happen in the future, knowledge of past pandemics does give us a broad direction as to where we are going – and, broadly speaking, we [.....

05/07/2020

Start thinking bankruptcy now, not later

Struggling financially? Make sure you understand your options now before you start making decisions.

If you’ve lost your job or struggle to pay your debt, you may need to file for bankruptcy. If that’s the case, you should ignore some common financial advice and start thinking defensively. The cor

04/21/2020

Congress reaches deal on $450 billion package to help small businesses, sources say

Missed out on money from PPP or EIDL? Looks like you may have another chance at getting some money.

Congressional negotiations have reached a deal on a bill that includes hundreds of billions of dollars in new funding for small businesses hurt by the coronavirus outbreak, three sources familiar tell CNN.

04/16/2020

Mortgage Forbearance Is Not All It's Cracked Up To Be—Here's the Ugly Truth

Can't make your mortgage payments? A forbearance is better than nothing ... but make sure to understand what you are acutely agreeing to. Many forbearance programs allow for 90 to 180 days of missing payments, but all those payments are due as a lump sum at the end of the payment supension.

Mortgage forbearance is offering struggling homeowners temporary relief. But it could lead to another foreclosure crisis if more assistance isn't provided.

04/13/2020

“The flower that blooms in adversity is the rarest and the most beautiful of all.” — Mulan by Disney. #inspirationalquotes #disney #flowers

04/12/2020

Follow us on Twitter! @afm_law

04/12/2020

Check your balance: Coronavirus stimulus money starts to flow into bank accounts

Your stimulus checks may be here before you know it!

The IRS tweeted Saturday that payments to qualifying Americans with direct deposit accounts set up had begun to receive their coronavirus relief payment.

04/11/2020

taxgirl

Qualify for a stimulus check but didn’t file 2018 or 2019 taxes? Here is where you sign up and provide your information, if you were not required to file.

Please share.
This is the information about the official IRS tool to use for signing up for checks if you do not have direct deposit info on file. You start through IRS.gov, *not* through another private vendor site.

https://www.forbes.com/sites/kellyphillipserb/2020/04/10/irs-finally-launches-registration-tool-for-stimulus-checks/#5b616e904a7a

#IRS #tax #stimulus #directdeposit #economicimpactpayment

04/09/2020

What to know before you 'break the glass' on your 401(k)

Considering taking money out of your 401(k)? It can be a good solution, but it is important to understand all the potential risks.

With millions of people experiencing job loss because of the outbreak, people are looking for ways to cover expenses in the short term.

04/08/2020

Many Struggling Homeowners Not Getting The Mortgage Relief U.S. Promised

Please be careful! Before you ask your mortgage company if you can skip any mortgage payments, please make sure you know what is happening to your payments. Some mortgage companies are moving the payments to the end of the loans, but most are requiring that the mortgage payments be paid as a lump sum payment at the end of the forbearance period.

Millions of homeowners who've lost their incomes qualify to defer payments. But many say lenders are demanding unfair terms such as massive subsequent lump sum payments that they can't afford.

04/08/2020

If you are worried about where your stimulus check is going to be sent, make sure your address is current with the IRS. If you have moved recently, please make sure your mail forwarding is on. For security reasons, the IRS plans to mail a letter about the payments to the taxpayer’s last known address within 15 days after the payment is made. The letter will explain how the individual's the payment was made and how to report any failure to receive the payment. If a taxpayer is unsure they’re receiving a legitimate letter, the IRS urges taxpayers to visit IRS.gov first to protect against scam artists. The IRS IS NOT MAKING CALLS TO CONFIRM BANK ACCOUNT INFORMATION.

04/07/2020

We are facing uncertain times. There is a lot of financial uncertainty right now. We want to help if we can; our office continues to offer free debt consultation to discuss options, such as bankruptcy, tax resolution, debt settlement, offer in compromises, and other similar issues. Understanding your options can help alleviate stress when there is so much uncertainty about everything else. We are here to help. Call 703-880-4881 to set up a phone or video consultation.

04/06/2020

Surviving Financially: Benefits under the CARES Act

Worried about your finances during the Coronavirus pandemic? The CARES Act was passed to provide benefits to the US to help alleviate some of the struggles. This article breaks down many of the most useful benefits for families and individuals.

With the passing of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), benefits are available to individuals get through uncertain times.

04/03/2020

State Tax Lien vs. Federal Tax Lien: How to Remove Them | Credit Knocks

Check out Attorney Arthur Rosatti talking about state and federal tax liens!

Learn the difference between a state and federal tax lien and how to stop and remove them from your record.

03/31/2020

Home | Ashley F. Morgan Law, PC

Have questions about the Stimulus Check under the CARES Act? Your questions should be answered here:
https://www.afmorganlaw.com/stimulus-check/

Northern Virginia Attorneys serving Fairfax, Loudoun, Prince William Counties and surrounding areas. Offering services related to bankruptcy, tax, immigration, and business.

03/31/2020

Stay safe and healthy! Do what you can to prevent the spread of the Coronavirus! Stay home, if you can!

03/30/2020

Support small business! If you have the means, order takeout or delivery from your favorite local restaurant. Order a gift for a family member from a local boutique. Things will get better and we want our favorite businesses to last! #smallbusiness #support #buylocal

03/29/2020

Perspective | No money for rent or mortgage? Here’s what to do.

Worried about paying your bills? Make sure to stay into communication with your lenders, banks or mortgage companies. It is important to understand you may have options.

Unlike 2008, financial institutions are promising to aid people through the coronavirus recession — but it’s not automatic. Here’s what you need to do.

03/27/2020

Ashley F. Morgan Law, PC – Virginia Law Firm Helping with Debt Issues

Debt issues in Virginia?

She put my mind at ease with filing. I was so scared to file but she put my mind at ease. I would recommend her to anyone. There is nothing negative to say about her. Loved working with her.

03/27/2020

Worried about your student loans? This article from The Student Loan Lawyer explains your options under the proposed stimulus package!

03/27/2020

taxgirl

Working from home due to Covid-19? Unfortunately, if you are a W-2 employee, there is no tax benefit. However, if you are a business owner or a 1099 contractor, you may be able to deduct some expenses.

I'm still getting questions about this. It's been suggested that if your employer requires you to work from home, that makes it deductible. That's the old rule. More here.

#tax #askthetaxgirl #homeoffice

03/26/2020

Last chance to get your 2016 Tax Refund!

Anyone still have 2016's tax return outstanding? If you have not yet filed your 2016 taxes, you may want to look into it. If you are due a refund for your 2016 tax return, you must file within 3 years of the due date in order to collect on that refund.

Have you not filed your 2016 tax return? Do you think you are entitled to a 2106 tax refund? You need to file your 2016 federal tax return by April 18, 2020 to be eligible to receive a refund based on the return. You must file your tax return with in three years of the …

03/23/2020

As of March 23, 2020 at 4:30 pm, the physical offices of Ashley F. Morgan Law, PC will be closed until further notice. Our attorneys will continue to work remotely. For the fastest responses, please email Ashley at [email protected] or Arthur at [email protected]. We will continue to check our voicemails, when possible.

03/18/2020

Tax returns (or extensions) are still due April 15. However, if you owe for 2019, you have an additional 90 days to pay the balance and not be subject to interest and penalties, if under $1,00,000.00.

03/16/2020

We hope everyone is well and staying healthy. Even in these uncertain times, we continue to serve your legal needs. Our office is remaining open for the the foreseeable future.

However, we remain diligent to ensure the health and safety of our staff and clients. We are continuing to clean and sanitize our office throughout the day. We are also offering phone consultations, when possible, to ensure access for our potential clients. Existing clients may also qualify for phone or video appointments, depending on the circumstances.

03/04/2020

Starting 2019 Off Right: Planning for 2019 Taxes

Now is the time to start preparing your for 2020 taxes! It is important to prepare your 2019 taxes as soon as possible to determine if you owe anything. If you do, now is the time to adjust your finances to prevent the same issue from happening again. Here is advice from last year that is still applicable now!

It is important at the end of the year to start thinking about next year’s tax situation.  While it is likely too late in the year to fix any issues you had in 2018 with your withholding or estimated tax payments; but it is never too early to get your situation fixed going into 2019.  …

02/22/2020

After Confusion, IRS Clarifies Tax Treatment Of Fortnite & Gaming Currencies

Virtual currency is a very hot issue right now. The IRS is cracking down on individual who have money invested in places like Bitcoin. Fortunately, Fornite currency is not taxable, but Bitcoin is. Talk to your tax professionals if you have any concerns or issues.

Fortnite virtual currency is not taxable. If you’ve seen headlines suggesting that it is taxable - and then contrary headlines saying that it is not - here’s what happened.

02/17/2020

Pier 1 files for bankruptcy

Another large company files for bankruptcy...

Pier 1, the troubled home furnishings retailer that has closed hundreds of stores in recent years, filed for bankruptcy Monday.

11/16/2019

On probation for fraud, he allegedly swindled again. And a woman lost her home.

There are many reputable people who help with modifications or bankruptcies. But some individuals prey on those in need of help.

Homeowners say they paid thousands to William Wayland for mortgage services he failed to provide.

11/11/2019

Thank you to all those veterans who have served their country. We appreciate your sacrifice and dedication. #veteransday #thankyou

10/16/2019

Beware of Credit ‘Repair’ Companies, Consumer Watchdogs Say

Many people ask about credit “repair” companies. This article explains what credit repair actually means. Also, it is important to remember that just because an item is removed from your credit report, it does not mean that you do not owe the money.

Anything these companies can do, people can do for themselves at no cost. Federal regulators recently filed suit against two of the biggest companies.

10/15/2019

Tax Extension Day! File your taxes!
If you filed an extension for personal 1040s and corporate 1120-Cs, they are due today! If you fail to file and owe a balance, you are subject to late filing penalties. Even if you file and pay any balance today, you are subject to failure to pay penalties. Payment to the IRS was due April 15, 2019. #irs #taxes #duedate #taxdebt

10/14/2019

How to Get a Credit Card After Bankruptcy

Some people believe they will never have credit again after bankruptcy; this is far from reality. U.S. News & World Report spoke with Attorney Ashley Morgan about the reality of credit cards after bankruptcy.

It doesn't take years to get a credit card following bankruptcy.