If You Owe Income Taxes
What do you do and not do if you owe income taxes or have ongoing tax liabilities?
$1,200 under the CARES Act
The huge emergency coronavirus law will provide, "as rapidly as possible," over 80 percent of American adults with money, many getting $1,200.
Avoid Income Tax Liens in Chapter 13
Chapter 7 can prevent future income tax lien recordings against your home, if the tax is truly dischargeable and you have a no-asset case.
Avoid Income Tax Liens with Chapter 7
Chapter 7 can prevent future income tax lien recordings against your home, if the tax is truly dischargeable and you have a no-asset case.
Prevent Future Income Tax Liens
Bankruptcy can prevent future income tax lien recordings against your home. The result: paying nothing on the tax vs. paying it in full.
Stop IRS Garnishment to Start Installment Payment Plan
Filing Chapter 7 bankruptcy stops an IRS/state garnishment and other collection activities, even if it's for a tax you still have to pay.
A Chapter 7 “Means Test” Calculation Adjustment
As of April 1, 2016 you can have a little more "disposable income" and still pass the "means test" to qualify for Chapter 7 bankruptcy.
Bankruptcy Timing: Include Income Taxes Owed for 2015 by Filing Chapter 13 in Early 2016
As of January 1, 2016 you can include any taxes you owe for the 2015 tax year in your Chapter 13 payment plan.
Chapter 7 and Chapter 13–An Income Tax Lien Secured by Equity in Your Home
If you have enough equity in your home to cover a recorded tax lien, to keep your home you must pay that tax. Hereâs how bankruptcy helps.
Chapter 7 and Chapter 13–An Income Tax Lien on Your Home
Which kind of bankruptcy to file depends on whether there is equity for the lien and whether the underlying tax can be discharged.
Tax Day 2015: The 10 Most Important Ways Bankruptcy Helps Deal with Your Tax Debt
If you owe back taxes, bankruptcy can help, in many unexpected and powerful ways.
How Bankruptcy Handles . . . Income Taxes You Must Pay, through a Chapter 13 Case
If you owe taxes that donât qualify for being written off in bankruptcy, how exactly would these taxes be paid under Chapter 13?
How Bankruptcy Handles . . . Income Taxes You Simply Can’t Afford to Pay
If you owe taxes that can't all be written off in bankruptcy, and you don't have the money to pay the rest, what can you do?
How Bankruptcy Handles . . . Income Taxes You Expect to Owe for the Current Tax Year
You can put into your bankruptcy case the taxes you expect to owe for a portion of the tax year, by filing a partial-year tax return.
How Bankruptcy Handles . . . Income Tax Levies
A tax levy is an abrupt way the taxing authorities make you to pay a tax, by taking your assets or income. Stop levies through bankruptcy.
