Navigating Tax Debt – The Role of Pre-Bankruptcy Planning
By following 5 steps, you can discharge (write off) more of the income taxes you now owe.
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?
$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.
Paying Income Taxes through Chapter 13
Chapter 13's advantages in paying off your priority income taxes become clearer when you see what you don't have to pay.
Dealing with your 2018 income taxes through a Chapter 13 Case Filed in 2019
Do you expect to owe income taxes for the 2018 tax year? Starting January 1, 2019 you can wrap that tax into a new Chapter 13 payment plan.
Filing Chapter 13 in 2019 to Write Off More Income Taxes
Chapter 13 is a riskier, longer, and maybe more expensive way to escape a dischargeable income tax deb--but may still be your best option.
More Fun Tax Facts–the Wealthiest 400
Found so much interesting about taxes that wouldn't fit into our last blog, so had to give you more. Such as the income and taxes of the wealthiest tax return filers.
Fun Tax Facts
Can anything about taxes ever be fun?! We honestly think this is interesting stuff. Happy April 15th!
File a Partial-Year Tax Return for All Income Taxes
To avoid owing income taxes April 15 of NEXT year, file a partial-year tax return and pay the tax on it through your Chapter 13 case.
Getting Rid of Your Income Tax Debt through a Simple Chapter 7 Bankruptcy
Your tax debt has to jump over 4 hurdles to be forever written off in bankruptcy. But if it does, that tax is history.
