Tax Issues

An important tax provision that allows underwater homeowners to short sell their home without tax consequences will expire at the end of this month. Earlier this year I wrote about this tax provision. You can review that article here:  http://bit.ly/YuITHG. Briefly stated, any discharge of indebtedness is income that is subject to tax at the [...]

Filing timely tax returns is key if you wish to discharge tax debt in bankruptcy It is possible to discharge income tax debt in bankruptcy, however, not all taxes are eligible and timing plays a very important role. If you’re anticipating tax troubles on the horizon, it is always best to go ahead and file [...]

With April 15 just around the corner, many of us will be scrambling to come up w

With April 15 just around the corner, many of us will be scrambling to come up w

With April 15 just around the corner, many of us will be scrambling to come up w