How Bankruptcy Handles . . . a Recorded Income Tax Lien that Is Fully Secured by Your Assets
A tax lien may attach to assets worth more than the amount of the underlying tax. That could make either a small or a huge difference.
How Bankruptcy Handles . . . a Recorded Income Tax Lien that Attaches to No Equity
A tax lien recorded against your home hurts even if the home has no equity. A Chapter 13 bankruptcy can often get rid of such tax liens.
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 . . . Newer Income Tax Debts
Bankruptcy does not writes off newer income taxes, but Chapter 7 and Chapter 13 both still have ways of helping.
October Tax Season: How Can I Write Off All of, or At Least More of, My Tax Debts through Smart Planning?
Income taxes can be legally written off in bankruptcy under the right conditions. With careful planning, you can meet those conditions.
October Tax Season: How Can I Keep My Business Operating While Getting Relief on My Overdue Taxes?
Would your small business thrive if you could just get rid of, or at least get better payment terms on, your overdue taxes?
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: 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.
October Tax Season: What Advantages Does Chapter 13 Give You with Income Taxes that Canât Be Written Off?
Chapter 13 "adjustment of debts" gives you many tools that Chapter 7 "straight bankruptcy" does not.
October Tax Season: A Dozen Key Questions about Tax and Bankruptcy–Part 1
The October 15 extended tax filing deadline is now the new April 15 for many Americans. If you owe and canât pay, here are some solutions.
Crucial Question: Why Even Consider a Chapter 13 Case When Chapter 7 Looks Good Enough?
5 more very good reasons Chapter 13 is worth a close look, even if it takes much longer, and looks more expensive at first.
20 Extraordinary Tools of Bankruptcy
In so many often surprising ways, bankruptcy can fix your earlier mistakes, undo harms caused by creditors, and clear a better path forward.
The Extraordinary Tools of Bankruptcy: Taking the Bite Out of an Income Tax Lien on Nondischargeable Taxes
Chapter 13 hugely helps minimize the effect of a tax lien on older, dischargeable tax debts. But it also does wonders with newer taxes.
The Extraordinary Tools of Bankruptcy: Taking the Bite Out of an Income Tax Lien
Bankruptcy can prevent a tax lien from being recorded. But even if one IS recorded before you file, Chapter 13 can particularly benefit you.
Tax Season: 20 Ways Bankruptcy Helps If You Owe Income Taxes
It's now after April 15 so it's no longer tax season. But if you owe income taxes, it's ALWAYS tax season. Here's how to escape.