Those Darn Kids – Millennials and Credit Cards

Those darn kids. They never want to do things the way their parents did. Well, when it comes to credit cards – that’s probably a good thing! Millennials just aren’t pulling out the plastic like their parents did, according to a survey of consumer finances. They saw firsthand the troubles that mom and dad ran …

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Should You Use Form 1099-OID to Pay Your Debt?

You may have better luck getting the straw man from with Wizard of Oz to pay your debt than using the straw man in this scheme.  Advocates of this contention encourage individuals to use IRS form 1099-OID (Original Issue Discount), or a bogus financial instrument such as a bonded promissory note as what purports to …

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