By ATTY. CRISPIN CADAY LOZANO Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount you paid for the asset and the amount you sold it for is a capital gain or capital loss. Here are ten facts from the IRS about gains and losses and how they can affect yo...

By: Atty. Crispin Caday Lozano Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount you paid for the asset and the amount you sold it for is a capital gain or capital loss. Here are ten facts from the IRS about gains and losses and how they can affect y...

By: Atty. Crispin Caday Lozano The Internal Revenue Service has some advice for taxpayers that may prevent them from being the victim of a tax scam: Don’t be fooled by scammers. Stay safe and be informed. Here are some of the most recent IRS-related scams to be on the lookout for: Telephone Scams. Aggressive and threatening phone calls by criminals impersonating IRS agents remain an ongoing threat. The IRS has seen a surge of these phone scams in recent years as scam ...

By ATTY. CRISPIN CADAY LOZANO In preparing your 2015 income tax returns, we are giving some suggestions that will help your avoid an IRS audit. Your IRS tax return can be flagged randomly in an IRS study of the behavior of similar taxpayers, such as those in the same profession. But more often, audits result from: · Document mismatches: This includes the income you report not jibing with figures in W-2s, 1099s and other statements. · A high DIF score: A top-secret I...

WASHINGTON – U.S. Citizenship and Immigration Services today announced a redesign to the Permanent Resident Card (also known as a Green Card) and the Employment Authorization Document (EAD) as part of the Next Generation Secure Identification Document Project. USCIS will begin issuing the new cards on May 1, 2017. These redesigns use enhanced graphics and fraud-resistant security features to create cards that are highly secure and more tamper-resistant than the ones curren...

By: Atty. Crispin Caday Lozano Chapter 13 Bankruptcy is a reorganization of your debt while paying back your outstanding debt to creditors.  Chapter 13 is Bankruptcy intended for an individual or family with a regular income.  The first and main requirement to file for Chapter 13 bankruptcy is that any individual who files must have a source of income to repay.  Even if you are self-employed or operate an unincorporated business you may qualify.  Chapter 13 allows you to k...

SAN FRANCISCO – Sen. Scott Wiener, Assemblymembers Phil Ting, and David Chiu sent a letter requesting that the National Park Service reconsider the issuance of a permit for the so-called Patriot Prayer Rally scheduled on August 26. The letter reads: “As San Francisco’s elected representatives in the California Legislature, we write to express our deep concerns about the issuance of a permit for the so-called Patriot Prayer Rally on Crissy Field on August 26. Our concern is...

By Macon Araneta | FilAm Star Correspondent Two months before the May 9 presidential elections, independent presidential candidate Senator Grace Poe and opposition standard bearer, Vice President Jejomar Binay, are neck-to-neck in the Malacanang run, according to the latest Pulse Asia survey. Based on the poll taken from February 15 to 20 Poe and Binay shared the top spot in the presidential preference poll, with the former getting the nod of 26 percent, while the latte...

By ATTY. CRISPIN CADAY LOZANO If you file a lawsuit about a car accident and you are claiming personal injury, it is very likely that the opposing party or the insurance company will take a deposition on you to answer questions about your claim. The following are some suggestions about how to answer and how to handle the deposition. 1. For every question you need to take time before answering it to be sure that you are not guessing or you remember the facts correctly. I...

By Atty. Crispin Lozano I. Discussion The Provisional Waiver process where an applicant is applying for a green card waives the unlawful presence only. Other inadmissibility offenses are not waived. An individual accrues unlawful presence when he or she is “present in the United States after the expiration of the period of stay authorized by the Attorney General or is present in the United States without being admitted or paroled.” Generally, unlawful presence happens whe...