Legal Advice for Tax Debt — 230 results
Written by attorney Justin Dain Hein, over 6 years ago. STAFF PICK
If you have tax debt (known
as back-tax liability), the IRS may assign your case to a Revenue Officer if
one of the following applies: (1) the IRS has been unable to collect the taxes... more
Written by attorney Thomas Geygan, over 3 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 Nathan Carr, 4 months ago.
Income tax debt can be wiped out in bankruptcy. Many times, taxpayers and even some tax and legal professionals are not aware that income tax debt can be wiped out in bankruptcy. However,... more
Written by attorney Gerald McNally, about 5 years ago.
Make sure you filed your returns: If the IRS or state files a substitute return for you, they will assert you never filed a return and you may have to pay in Chapter 13. Keep good... more
Written by attorney Ari Good, over 1 year ago.
In conclusion to our tax resolution series, we review an IRS classification of Not Currently Collectible as another option to deal with a tax problem. This is available for taxpayers who... more
Written by attorney E. Davidoff, about 1 year ago.
Connecticut tax amnesty will run from September 16 through November 15, 2013. For those who may owe money to Connecticut, this is a great opportunity. The amnesty applies to all tax periods... more
Written by attorney Stephen J. Dunn, about 4 years ago.
Suppose you have negotiated
settlements of your credit card debts.
Or maybe you have executed a short sale of your house. You are concerned about tax on discharge of
Written by attorney Steven R. Neuner, almost 4 years ago.
Normally, when a debt is cancelled for less than full payment, this creates a type of income called Debt Discharge Income. A bankruptcy discharge does not have this problem. Surprisingly,... more
Written by attorney Paul W. Caprara, over 1 year ago.
If you are suffering from insurmountable income tax debts you may want to consider bankruptcy as an option to help. Your income tax debts are dischargeable in Chapter 7 Bankruptcy if they... more
Written by attorney Nick Thompson, 11 months ago.
Only income taxes can be discharged in bankruptcy not unpaid withholding, sales or property taxes. To do this you must wait 3 years after the return became due, and the returns must be... more