How Bankruptcy Handles . . . a Recorded Income Tax Lien that Is Partially Secured by Your Assets
A tax lien may attach to something you own, worth less than the amount of the tax you owe. How can you get rid of that tax lien?
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: If My Ex-Spouse Owes Income Taxes Am I Liable, Too?
You're usually completely liable on jointly filed taxes, regardless of a divorce decree saying youâre not. But the IRS may give you relief.
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: What Happens to My Income Tax Refund If I File a Chapter 7 “Straight Bankruptcy” Case?–Part 3
You can't keep your refund if you owe for another tax year. But if you discharge (write off) that tax debt, you can keep future refunds.
October Tax Season: What Happens to My Income Tax Refund If I File a Chapter 7 “Straight Bankruptcy” Case?–Part 2
Keep your refund if it's small (enough) or by not filing bankruptcy until spending that refund (wisely).
October Tax Season: What Happens to My Income Tax Refund If I File a Chapter 7 “Straight Bankruptcy” Case?–Part 1
You can usually keep your tax refund(s), although doing so may take some maneuvering.
October Tax Season: Can Bankruptcy Get Rid of My Income Tax Debt?
Yes, if you meet certain conditions you CAN legally discharge--permanently write off--federal and state income taxes.
October Tax Season: A Dozen Key Questions about Tax and Bankruptcy–Part 2
Q&As about tax refunds, whether and when to file late tax returns, joint tax debts with ex-spouses, getting rid of tax liens, and more.
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.
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.
Tax Season: Filing Bankruptcy Before the IRS Levies on Your Vehicle
Can the IRS seize your car or truck in payment of a tax debt you owe? Yes, if it has substantial equity. Will it do so? Possibly.
Tax Season: Filing Bankruptcy Before an Income Tax Levy on Your Paycheck and/or Bank Account
You may not think of bankruptcy as a solution to your tax problems. But do look into it before the tax collector starts grabbing at you.