Unfiled Tax Returns and Bankruptcy
If you're considering filing bankruptcy, should you first prepare and submit any unfiled income tax returns? Should you prioritize paying them?
Exceptions to the Discharge of Debts in Chapter 7
Often all your debts are discharged--legally written off--in Chapter 7. But some you might want to pay, or might not be able to discharge.
Dealing with Recorded Tax Liens through Chapter 13
A recorded tax lien gives the IRS/state a lot of leverage against you and your home. Chapter 13 can gain you back some of that leverage.
Buy Time to Deal with Multiple Years of Income Tax Debts
What if you have some income tax debt that qualifies for discharge but one (or more) tax year that doesn't? Does Chapter 7 ever help enough?
Including New Income Tax Debts in Chapter 13
File your Chapter 13 "adjustment of debts" case at the right time to include all possible tax debts. Then budget right to prevent new ones.
Mistakes to Avoid–Selling Your Home Just Because You’re Behind on Property Taxes
Falling behind on property taxes can have serious consequences, but does not necessarily mean you should hurry to sell your home.
How Bankruptcy Handles . . . a Chapter 13 Plan for Paying Both Income and Property Taxes
Here'a an illustration how you could save your home if you were behind on your mortgage and property taxes, as well as income taxes.
How Bankruptcy Handles . . . Income Taxes that Your Ex-Spouse Isn’t Paying and You Can’t Write Off
If your divorce decree says your ex-spouse must pay jointly owed taxes but isn't, how do you protect yourself from the tax creditor(s)?
How Bankruptcy Handles . . . Income Taxes that Your Ex-Spouse is Required to Pay But Isn’t
If you owe taxes jointly with your ex-spouse who isn't paying them, you may be able to write off those taxes.
How Bankruptcy Handles . . . The Threat of a Recorded Income Tax Lien
The IRS or state recording a tax lien can be very damaging in many ways. Bankruptcy can prevent that damage.
How Bankruptcy Handles . . . Income Tax Debts
Bankruptcy writes off income taxes, if they meet certain conditions. These conditions are relatively, but not completely, straightforward.
October Tax Season: How Is a Recorded Tax Lien on My Home Removed through Bankruptcy?
Bankruptcy gives you power over the IRS in getting rid of a tax lien. Chapter 13 in particular empowers you to value and pay off a lien.
October Tax Season: If Behind on Filing Tax Returns and I Owe Taxes, Should I File the Returns Before Filing Bankruptcy?
Bankruptcy can be a surprising good way to solve your tax problems. But first, got to prepare your returns to get good advice about options.
October Tax Season: Does Bankruptcy’s “Automatic Stay” Stop Tax Collection, Including Garnishments, Tax Levies and Liens?
With very few limited exceptions the IRS/state must stop all collection activity, from the beginning to the end of your bankruptcy case.
Crucial Question: If I File Bankruptcy Who Will Be Told, Who Can Find Out?
A bankruptcy filing is a matter of public record, so anybody can find out about it. But mostly just your creditors will know.