Category Archives: Credit Cards

Credit Card Theft

Today TaxMama hears from Barry Pinksy, Assistant Vice President at Merrill Lynch. He has an alert for you. “I heard from a client whose credit card showed fraudulent charges. And this could happen to you, too.”

Credit Card Debt

Today TaxMama hears from Ken in the Tax Parlor with this tale of woe. “I received a 1099-C in 2005 and included it on my tax return. The credit card company has since taken me to Arbitration and my defense is that I have already paid taxes on this debt. Is there some publication that […]

Early Withdrawal Penalty

Today TaxMama hears from Cathy in Sunland, CA who tells us, “My husband and I are in our early 40’s. We have managed to get ourselves deeply into credit card debt. I have an old profit sharing plan from an ex-employer that I want to cash out and pay off all our debt. It is […]

Credit Where Credit is Due

Today TaxMama hears from Sam in Fort Walton beach, Fl, who’s perplexed. “I bought some stuff on credit card and after some days I lost the credit card. The bank issued me a new credit card and my old credit card was cancelled. Then when I returned some of the stuff I bought on my […]

Credit Repair Blues

Today Ann in California wanted TaxMama to fix her credit. Since all my income disappeared when I lost all my clients in the Y2K corporation crash, my credit tanked. A lot of my credit debt has even been written off by now. But now, I’m getting back on my feet again and want to clean […]