The Free Application for Federal Student Aid (FAFSA) uses the information your child provides regarding your financial situation to determine your child’s financial aid eligibility. For parents that are married or reside together, FAFSA takes into account both parents incomes and assets. If parents are divorced and live apart, only the custodial parent is considered…Read More
File Your Taxes, Even if You Can’t Pay – Tax Penalty Review
The following article, published on the Illinois State Bar Association, Family Law Section, by Alan Stumpf, Stumpf & Gutknecht, P.C. Last week the WSJ warned taxpayers about the duty to file an income tax return, and the roadmap of what happens after the filing delinquency, in the article, “The IRS is the most powerful creditor…Read More
