David Jesse Detroit Free Press Published 7:00 AM EDT Apr 12, 2019 The paperwork hit Detroit's federal courthouse on Jan. 2. The Macomb Township woman hadn't made payments on her student loan and Uncle Sam wanted his money back. The court, the suit argued, should step in and force the woman to pay up, either by cutting a check directly or letting the government garnish her wages and bank accounts for the cash. On Tuesday, after a process server had served a copy of the lawsuit on the woman but she failed to respond, a judge granted the federal government's request and entered a default judgment against her. At a stake? A $1,250 loan the woman took out in November 1986, plus interest, totaling $4,055.23. But that's not all she's on the hook for — she also owes for the fees the private attorney who filed the suit on the behalf of the federal government, a $400 fee for filing the suit in federal court and interest on that judgment until she pays up, either with a check or … [Read more...] about Federal student loan debt, interest tracked down by attorneys
Can tax attorneys really help
As Jalopnik’s resident car buying expert and professional car shopper, I get emails. Lots of emails. I’ve decided to pick a few questions and try to help out. This week we are discussing taxes and fees when buying out of state, what “dealer prep” means, and the need for insurance on a car with a loan. First up, if you buy a car from out of state how are the local taxes handled? Hi, I’m trying to buy a car, but the cars that I’m looking for are in another state, and I was wondering if it’s impossible to just buy the car out of state (pay just for the car and tax) and have them give me a temp tag, and I would do tags and titles in my own state, or does it not work like that? The cars I’m looking at are at a used car dealer if that matters. Surprisingly, this is one of those situations where because people aren’t sure of the logistics some folks are discouraged from shopping out of state. Which is too bad, because sometimes you can … [Read more...] about How Do I Handle Taxes For an Out of State Car Purchase?
Susan Tompor Detroit Free Press Published 7:00 AM EST Nov 9, 2018 Randy Sigley, 63, who grew up in West Virginia, remembers that jobs were hard to come by in the mid-1970s so he headed to Ohio to work in a factory making concrete pipe. He got that job about a year out of high school and made sure to hold onto it at least 10 years because he always heard that he'd qualify for a pension if he stayed that long. But decades later when he tried to collect that pension, he ran into a giant roadblock. He was told he wasn't owed a dime. Most people think you go to work, retire and, if there's a pension, you ask the company to send the checks. For many people, it works out fine. For thousands of others, though, unexpected hurdles stop them from getting a pension check. People end up moving; companies close down plants and offices. Small pensions are easily forgotten about years after you left a job. Even some 401(k)s can go unclaimed in some cases when you … [Read more...] about Tracking a pension or 401(k) can be tougher than you’d imagine
Adam Graham The Detroit News Published 11:53 p.m. UTC May 25, 2018 Correction: This story has updated the number of employees and correction the location of StockX's office. It’s StockX Day in Detroit, and 150 sneakerheads from all over the world have descended upon the Motor City to check out the inner workings of a local company that is reshaping the online sneaker market. These sneaker-lovers are wearing all manner of spiffy, spotless kicks, from rare Air Jordan and Yeezy models to Sean Wotherspoon Air Max 97s (which run upward of $600 a pair) to the “Off-White” Jordan 1s (yours for around $2,000). Amid the flashy footwear on display inside the fifth-floor auditorium in downtown’s Madison Building, there’s one notable guy not wearing sneakers, and that’s Dan Gilbert. Gilbert, who wears a pair of sensible leather boots, said he doesn’t want to look like he’s trying too hard to be cool. He should probably start wearing LeBrons, … [Read more...] about Detroit-based online sneaker market’s stock soaring
An owner of a shuttered Harford County payroll services company pleaded guilty Monday to wire fraud and filing a false tax return in a three-year, $2.6 million scheme to steal money from clients and the federal government, prosecutors said.Kevin Carden, 55, formerly of Bel Air, owned and operated Accupay Inc., which provided payroll and tax services for small and medium-size businesses, with his wife, Beverly.The firm, which filed for Chapter 7 bankruptcy-law protection in 2013, withdrew clients' funds for payroll taxes, then paid the Internal Revenue Service and other taxing authorities only a portion of the money, according to the guilty plea.Beverly Carden, who pleaded guilty in December, admitted to diverting the other funds to a joint personal bank account.Kevin Carden's plea came just before his trial was set to begin, federal prosecutors said, about a month after his wife pleaded guilty to the same charges."What really happened was that Kevin and Beverly Carden took money … [Read more...] about AccuPay owner pleads guilty to mail fraud, filing false tax return in $2.6 million scheme