With the global COVID-19 pandemic hitting in late 2019 and the hectic attempts at re-opening the world’s economy, it is no wonder that millions of individuals and families alike are finding themselves in dire financial straits and in difficult times. Whether you are trying to put food on the table for your family or if you are facing an eviction or foreclosure due to the economic shutdown, it may still be possible for you to receive your tax return in the State of California before September 2021 if you have not already.
Gather Records and Get Organized
If you want to expedite the process of receiving your tax return this year, gather and organize your financial records. Organizing your tax returns as well as your income and receipts can help to streamline the tax filing process, especially if you encounter issues such as an audit inquiry.
Filing for Bankruptcy
The mere thought of filing for bankruptcy is often enough to scare those in need of serious financial help away. However, in the State of California, there are many options available for anyone who is currently struggling to make ends meet or for those who are simply seeking a new and fresh start for themselves and their families.
When filing Chapter 7 bankruptcy, there is a common misconception that you will lose your home and all belongings in order to receive relief. However, there are multiple exemptions available for both individuals as well as families alike.
Improve Your Financial Wellbeing
Take time to improve your financial wellbeing as you organize financial and tax records for potential bankruptcy (or other routes you have chosen). Being more mindful about purchases, investments, and even expenses can help you to prevent potential financial issues and hangups in the future. A healthy financial picture easily translates into a much healthier and sustainable lifestyle long-term.
Whether you are in need of extra cash to pay for everyday expenses or if you are looking for ways to make up for lost earnings and income this year, receiving your tax return with the help of an attorney before 2021 can help.