Financial Services Archives - 2012 Taxes And 2024 Taxes

Pink Slip Loans Worse Than Payday Loans

February 22, 2021November 8, 2013 by Steve Patterson

Pink Slip Loans Worse Than Payday Loans

Pink slip loans are a financial last resort in the same vein as payday loans. They work in much the same fashion, offering a borrower a sum of money over a very short span of time at a high interest rate. Unlike payday loans, many pink slip loans do not require a fee. However, this is because they effectively lien the car against the loan. If the loan is not repaid, the car is taken.

This changes the dynamics of the loan significantly. In some ways, this makes them arguably less risky, but … Read the rest

Prepaid Debt Cards And IRS Tax Debt

February 22, 2021October 10, 2013 by Steve Patterson

Prepaid Debt Cards And IRS Tax Debt

There are many reasons to take advantage of prepaid debit cards. For starters, such cards can be used at almost any online store as well as brick-and-mortar locations. For those looking for a convenient way to pay bills, make purchases, transfer money and more, prepaid debit cards come with these advantages.

Since these types of cards are not in any form of a type of credit, they do not have any type of reflection on a person’s credit score, which is much unlike credit cards. If used inappropriately, credit cards can do much … Read the rest

Mergers and Acquisitions and Their Tax Consequences

February 22, 2021August 7, 2013 by Steve Patterson

Mergers and Acquisitions and Their Tax Consequences

Has a chemical M&A department contacted you to see if you would be interested in a merger? The other company is going to make it sound like it is all in your best interests, showing how joining forces gives you both the ability to reach more customers and make more sales. However, there are some important questions to ask before you go forward with this process.

First of all, you need to know who is going to be in charge. Are you going to be surrendering complete control of your company or will … Read the rest