Dolen, Tucker, Tierney & Abraham

Did you know pedestrians in #California always have the right of way? Some drivers do not realize this, and inadvertently put walkers in danger. Know your rights as a #Pedestrian here in the Inland Empire. https://bit.ly/38ohBvx

Passengers in #AutoAccidents can get compensation for their injuries, but they must be careful. We take a look at some of the difficulties passengers face when recovering compensation after a crash. https://bit.ly/2PrlTMi

More car accidents happen here in #California than anywhere else in the U.S. So you should be prepared if you or your family get caught in such a collision. This information from our Redlands attorneys may help. https://bit.ly/3a28Sk8

Cancelled Student Loans Are Not Taxable Income The ARPA temporarily removes federal income tax consequences for all federal and private student loan discharges and cancellations. See ARPA 9675. Ordinarily, the forgiveness of debt is taxable income to the individual whose debt is forgiven. Under the new provision, federal student loans that are discharged for any reason after December 31, 2020 and before January 1, 2026 are not included as income subject to federal taxatio...n. Although many specific types of federal student loan discharges were already excepted from income tax consequences, as discussed in NCLC’s Student Loan Law 10.15, this change extends the protection from taxation so that it applies to any discharge, regardless of the reason for the discharge. The new provision also generally applies to protect most private student loan forgiveness from income tax consequences. Perhaps most significantly, this new change protects from tax consequences, during the covered time period, borrowers who receive forgiveness under an income-driven repayment plan. The change also means that if any widespread cancellation or reduction of federal student loans by Congressional or administrative action occurs during the covered time period, there will be no income tax consequences for that cancellation as well. Further, the universal nature of this exclusion from taxation may mean that the Department of Education and its servicers are less likely to send borrowers who receive a discharge an IRS Form 1099-C, reporting the amount of discharged federal student loan debt. Sending consumers IRS Form 1099-C has caused borrowers confusion as to whether the discharge is taxable income. For more on grounds to cancel or discharge a federal student loan debt, see NCLC’s Student Loan Law Chapter 10. That chapter examines the closed school, false certification, unpaid refund borrower defense, disability, and death discharges, and also forgiveness for public service, teachers, other professions, and for other categories of student loan borrowers. Forgiveness based on income-driven repayment plans is examined at NCLC’s Student Loan Law Chapter 3.

Have you considered filing Chapter 7 bankruptcy to help with your financial problems? This is an important decision, and you need to make sure it is the right one for you and your family. Here is some important information to help you make the right choice. https://bit.ly/3cRlsEn

How does a personal injury attorney help people who are injured? Our Inland Empire law firm takes a closer look at what lawyers do and how they help their clients. https://bit.ly/3bQ1OH1

A 2015 study by the Federal Reserve Bank of New York found that people who file for bankruptcy achieve credit scores 40 to 80 points higher than those in a similar financial position who don’t seek bankruptcy. Another wave of personal bankruptcies is expected in coming months and years.

Older workers and their employers and their businesses and COVID-19.

See our Office Status - CV-19

New Screening if you are visiting a Federal Courthouse including Bankruptcy Court:https://www.cacd.uscourts.gov//Notice%20-%20Enhanced%20Ent