Tax Issues

Can I Pay my Taxes with a Credit Card, then File Bankruptcy to Discharge the Debt?

03/29/12

no discharge of tax debt paid with credit cardWith April 15 just around the corner, many of us will be scrambling to come up w

[more]

Can I Pay my Taxes with a Credit Card, then File Bankruptcy to Discharge the Debt?

03/29/12

no discharge of tax debt paid with credit cardWith April 15 just around the corner, many of us will be scrambling to come up w

[more]

Can I Pay my Taxes with a Credit Card, then File Bankruptcy to Discharge the Debt?

03/29/12

no discharge of tax debt paid with credit cardWith April 15 just around the corner, many of us will be scrambling to come up w

[more]

Can I Pay my Taxes with a Credit Card, then File Bankruptcy to Discharge the Debt?

03/29/12

no discharge of tax debt paid with credit cardWith April 15 just around the corner, many of us will be scrambling to come up w

[more]

Debtor Argues Tax Refund Not Part of Bankruptcy Estate

03/13/12

Tax Refunds are Vulnerable in Bankruptcy We’ve said it time and again on the forum, tax refunds are the number one asset that trustees routinely take from debtors. Exemption laws in most states only go so far to protect cold hard cash and anything over and above your state’s designated exemption is fair game for [...]

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IRS Sanctioned for Willful Violation of Discharge Order

03/01/12

When Creditors Ignore the Bankruptcy Discharge Creditors who attempt to collect on debts that have been discharged in bankruptcy often find themselves in serious hot water with the Bankruptcy Court.  Bankruptcy judges take the discharge order very seriously and will dish out punishment to those who ignore its prohibitions against continued collection efforts. As Nebraska [...]

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Will I Lose My Tax Refund if I File Bankruptcy?

01/16/12

‘Tis the season when bankruptcy trustees are taking tax refunds. Potential tax refunds MUST be disclosed on your petition just like your couch and car.  Not disclosing your State and Federal tax refund is often a sure way to forfeit your tax refund.  The problem with tax refunds is usually there is no specific exemption [...]

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A Brief Overview of Nondischargable Chapter 7 Bankruptcy Debts

12/27/11

This article considers some of the debts that cannot be discharged by filing for Chapter 7 bankruptcy protection. It also provides a brief explanation why you may not discharge these debts during the Chapter 7 bankruptcy process. Many debtors think that all of their debts can be discharged by filing for Chapter 7 bankruptcy. This [...]

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A Brief Overview of Nondischargable Chapter 7 Bankruptcy Debts

12/27/11

This article considers some of the debts that cannot be discharged by filing for Chapter 7 bankruptcy protection. It also provides a brief explanation why you may not discharge these debts during the Chapter 7 bankruptcy process. Many debtors think that all of their debts can be discharged by filing for Chapter 7 bankruptcy. This [...]

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I Received an IRS Notice of Intent to Levy: What Should I Do Next?

12/21/11

Letter 1058 Precedes an IRS Levy The IRS seizes or levies property from taxpayers who owe back taxes. It is through the levy process that the IRS garnishes wages, seizes a car or attaches other items of property. Many taxpayers are frightened by notice of an IRS lien, however, tax liens only serve to put the world [...]

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