It’s tax season, and most people don’t know that you may be able to eliminate past-due income taxes through bankruptcy. Many believe tax debt is untouchable—but that’s not necessarily true. If your income taxes for 2021 or earlier meet certain conditions, they may be completely discharged in bankruptcy. Can Your Tax Debt Be Erased? Here are the basic […]
The IRS Won’t Tell You This… But We Will! Read Post »
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This article addresses individuals and organizations overwhelmed by debt. Banks and financial institutions invest significant resources in discouraging people from filing for bankruptcy. However, upon closer examination, these “reasons” are often biased toward the big money industry. Let’s debunk some common misconceptions. It is an Admission of Failure Using our American Bankruptcy laws recognizes that
Reasons not to file Bankruptcy Read Post »
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Some people are afraid to file their income tax returns. Why? One fear is that creditors will take it. First of all, private collectors can’t take or garnish your Income Tax refund. Who can? The Federal Government and state government agencies What about a judgment against me for a credit card? They can’t take your
It Is Income Tax Refund Time. Who Can Take It From Me? Read Post »
Income Tax VideoDo your debts include IRS back taxes? If you do nothing, the interest and penalties will continue to pile up. The IRS may even file liens against your assets or prosecute you for tax evasion. Contrary to what most people think, some federal income tax arrears can be discharged in a Chapter 7 or Chapter
Do your debts include IRS back taxes? If you do nothing, the interest and penalties will continue to pile up. The IRS may even file liens against your assets or prosecute you for tax evasion. Contrary to what most people think, some federal income tax arrears can be discharged in a Chapter 7 or Chapter
