News Topic: tax debt
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Biggest Tax Time Mistake Can Also Cost You in Bankruptcy
Tax Day is Coming! ... Read full article
What is a Tax Return for Bankruptcy Discharge?
Income taxes can be discharged in bankruptcy
Ahh, the New Year is always such a special time. No, not because of The Super Bowl – because it’s tax season! So, tax season is a good time to review the dischargeability of income taxes in bankruptcy. ... Read full article
Is It Time to Consider Bankruptcy?
Can I File A Chapter 7 Bankruptcy For My Small Business Only?
The Small Business Entrepreneur: He employes half of all private sector employees, pays 44 percent of total U.S. private payroll, and has generated 65 percent of net new jobs over the past 17 years. ... Read full article
Tax Withholding is NOT the Way to Balance Your Budget
Chapter 12 Farm Bankruptcy Case is Before the Supreme Court
How Long Can The IRS Collect From Me?
What is an Offer in Compromise? Can It Help Me Avoid Bankruptcy?
What is an Offer in Compromise? Tax settlement firms love to advertise the offer in compromise, a method for resolving IRS back taxes that theoretically involves payment of a small portion of the outstanding tax bill owed and forgiveness of the rest. Firms ... Read full article
Bankruptcy and Tax Debt: What Happens to Tax Debt in Bankruptcy
If I had a nickel for every time I am asked this question, I would have a lot of nickels. The elimination of tax debt in bankruptcy can be a little tricky, and I often like to meet with clients to go over the necessary documents together before I make the ... Read full article
I have heard about certain debts that cannot be discharged? What are some examples?
When you receive a “discharge” under bankruptcy it means that you are no longer liable for your debts. This means you don’t have to pay them and a creditor cannot come after you anymore. However, there are some debts which are considered “nondischargeable” ... Read full article