Archived
Can my federal tax return be garnished. i have been served a summons, who do i reply to, the lawyer who filed it or someone else
Magda's answer
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Answered on September 25, 2015
I am not sure what you mean when you say your tax return is being garnished since that applies to an attempt to obtain property in the hands of a...
If someone get an IRS tax audit notice, does she or he hire a tax lawyer or an accountant to speak to IRS auditor ? Difference?
Magda's answer
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Answered on September 25, 2015
I agree with the answers posted by my colleagues. I think I would stress to you that while the accountant may be knowledgeable about the...
Archived
If a mortgage company does a "forgiveness" of x amount of dollars is the person who holds the loan obligated to pay taxes on it?
Magda's answer
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Answered on August 02, 2015
The forgiveness of a debt is considered income for federal income tax purposes. If the debt was discharged through a bankruptcy proceeding then the...
How do I get a copy of my Federal tax lien and how long is the statue of limitations on paying back that lien.
Magda's answer
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Answered on August 02, 2015
If the IRS filed a federal tax lien it would be recorded in the public records of the county in which you live. Many counties allow you to access...
Archived
.who can access my federal income tax records?
Magda's answer
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Answered on August 02, 2015
The law sets forth who may have access to your federal tax return information. It is governed by 26 USC 6103. Follow the link below for the...
Archived
Can you back out of Ch 7 if you find out that your family home will be sold by trustee?
Magda's answer
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Answered on August 02, 2015
Generally once you file a Chapter 7 you are stuck. Dismissal is subject to court approval. If the trustee and creditors see that there will be...
Archived
What is the maximum amount of exemptions I can claim in a chapter 7?
Magda's answer
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Answered on August 02, 2015
Exemptions are determined under state law. Either the state has opted out of the federal exemptions and you can only use the state provided...
Archived
What to do about my car after a discharged chapter 7 bankruptcy
Magda's answer
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Answered on August 02, 2015
As a result of the discharge your personal responsibility for the debt owed on the vehicle was discharged since you state that you did not enter...
Archived
As of June 8, 2015 I have filed Chapter 7 bankruptcy. My car was picked up on July 8, 2015. I called the finance company, to see
Magda's answer
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Answered on August 02, 2015
When you filed the bankruptcy case something called the automatic stay arose. This stay prohibits pre-petition creditors from taking action against...
I recently filed chapter 7 bankrupcty, and my car was repossessed in the midst of that. I called the finance company to see how
Magda's answer
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Answered on August 02, 2015
When you filed the bankruptcy case something called the automatic stay arose. This stay prohibits pre-petition creditors from taking action against...