Stacey Nestor, PC - Attorney at Law

04/26/2023

STUDENT LOAN FORGIVENESS & DISABILITY
DO YOU have federal student loan debt? ARE YOU totally and permanently disabled? Read on.

Did you know that, so long as your Federal Student Aid (FSA) data and your Social Security Administration (SSA) or Veterans Administration (VA) disability data match, your federal student loans and Teach Grant obligations are eligible to be AUTOMATICALLY DISCHARGED if you have been determined by the SSA or VA to be totally and permanently disabled or unemployable.

But what if your data between these departments doesn’t match? What if you didn’t receive notice that you are eligible for the automatic discharge? Then you must apply for the discharge yourself. The process has been streamlined and can be submitted online. And while you go through the application process, you might be able to pause your student loan payment obligation for up to 120 days.

Links to obtain more information and about where and how to apply for the disability discharge can be found in comments to this post.

Contact my office at 478-755-0012 or message me if you are in the middle Georgia area and are having difficulty with student loan debt or any other type of debt.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.

10/16/2021

CASH APPS WILL SOON BE REPORTING YOUR BUSINESS INCOME OF $600 OR MORE
Many small businesses, self-employed, casual resellers, and gig workers receive taxable income through cash apps.
Just a few examples:
- Drivers (Lyft, Uber, DoorDash)
- Etsy, eBay, and other small sellers
- Independent contractors & freelancers
- Sellers of items at festivals and farm markets
- Occasional Airbnb/VRMO renting
- Sellers of items on online market places
If you receive business income totaling $600 or more via cash apps like Venmo, PayPal, Zelle a new rule requires that soon those cash apps must report your business income to the IRS.
Under the American Rescue Plan Act, cash apps will soon be required to notify the IRS of all accounts receiving annual business income of $600 or more. The new rule does not create a new tax, rather it imposes a duty on the payment platforms to report your $600 or more annual business income to the IRS. The new rule applies to all businesses, small and large, and goes into effect January 1, 2022.
In addition to keeping good records of all business income and expenses, it is always a good idea to consult with a reputable accountant to ensure that you are prepared for the coming changes and taking advantage of all deductions available to you.

https://www.facebook.com/164600783567463/posts/5069164213111071/?d=n

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.

01/05/2021

2020 was a difficult year. The pandemic brought with it health and financial stress, and a decrease in income for many. Soon tax year 2020 income tax returns will be due. Don’t miss an opportunity to receive no-cost tax preparation when you need it most.
* Free Tax Return Preparation *
If you:
1. Make $57,000 or less per year, OR
2. Have a disability, OR
3. Speak limited English, then you may qualify.
The IRS's Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs offer FREE BASIC TAX RETURN PREPARATION to qualified individuals.
Click here for more info: https://www.irs.gov/individuals/free-tax-return-preparation-for-qualifying-taxpayers OR call 800-906-9887 for info about VITA, 888-227-7669 for info about TCE.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.

08/17/2020

04/16/2020

Just like any other non-exempt funds in your bank accounts, creditors who have sued and obtained judgments, some student loan creditors, and other creditors may be able to take deposited stimulus funds to apply toward outstanding debts. If this happens to you, an experienced debt relief attorney may be able to help. BUT time is of the essence in these situations, so don’t delay reaching out for help.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.

A possible loophole has prompted 25 states to ask Treasury Secretary Steven Mnuchin to ensure debt collectors and creditors can’t take stimulus check money.

03/23/2020

Open for business with telephone and video appointments available for Middle Georgians. Message or call us at (478) 755-0012.

02/12/2020

YOUR INCOME TAX REFUND COULD BE TAKEN FOR DELINQUENT DEBTS. Consult with an attorney to help you structure a debt workout plan prior to filing your income tax returns.
Most income tax refunds are expected to be remitted to filers within 3 weeks of filing. But if you have fallen behind on certain financial obligations, that may be enough to prevent you from receiving yours or may allow yours to be seized from your deposit account.
Many people rely on their refunds to purchase necessary items and pay for needed services they could not afford during leaner times of the year (think children’s clothing, tires, dental procedures, car repairs, etc). So it is important that you consult with an attorney to help you structure a debt workout plan prior to filing your income tax returns.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.

The Internal Revenue Service (IRS) has announced that tax season will open on Monday, January 27, 2020. Assuming no delays, here are my best guesses for expected tax refunds based on filing dates and information from the IRS.