Legal Advice for Income Tax — 73 results
Written by attorney Thomas Geygan, about 4 years ago. STAFF PICK
Many people ask the question, "Are income taxes dischargeable in bankruptcy?" The answer is yes, in limited circumstances. This guide covers what these circumstances are, which kinds of... more
Written by attorney Andrew Myers, over 4 years ago.
Do you really have to produce your income taxes and pay stubs or other evidence of your income during a bankruptcy?
Yes. Under U.S. Bankruptcy Code section 521, after the voluntary... more
Written by attorney Frederick Walker, about 1 year ago.
There is a common misconception that income taxes are never dischargeable in bankruptcy. In fact, you can discharge your back federal, state, and local income taxes in Chapter 7, Chapter 13,... more
Written by attorney Robert Adams, about 1 year ago.
Contrary to popular belief Personal Income Taxes frequently can be discharged in Bankruptcy, including both Chapter 7 and Chapter 13. Certain qualifications are listed below:
SOME BASIC... more
Written by attorney Frederick Meissner, almost 4 years ago.
Income tax debts may be eligible for discharge under Chapter 7 or Chapter 13 of the Bankruptcy Code. Filing for bankruptcy is one of five ways to get out of tax debt, but you should... more
Written by attorney Dustin Wetton, about 4 years ago.
Ben Franklin once said that "the only things certain in life are death and taxes." This quote can have many innuendos, one of which is that there is no way of getting out of paying for... more
Written by attorney Michael W. Eaton, over 4 years ago.
Friday is the payday for many Americans. Getting paid is usually a good
start to a great weekend. Unfortunately, for some people payday is a disaster
because the IRS has issued a wage... more
Written by attorney Rami N. Nabi, over 4 years ago.
RULE 1: The Three Year Rule The tax in which you want discharged must have a due date that is more than three years old. Look at the most recent date the tax return was due. This is... more
Written by attorney Steven J. Fromm, over 4 years ago.
US GOVERNMENT BONDS Taxable on federal returns but usually exempt from state and local taxes. STATE AND LOCAL BONDS Not taxable at the federal level. Interest from bonds issued in your... more
Written by attorney Gerard O'Brien, over 4 years ago.
Times are hard and many of us have negotiated reductions in the debt we owe which is secured by our homes and even unsecured credit card debt, memberships, dues, purchase prices on already... more