Funds you receive as an inheritance are not subject to federal income tax since they are specifically excluded from gross income. In Florida we do...

If I have a court order granting me the dependency exemptions prior to 2008, can the IRS decide to overrule this if they want?

If you are being audited then the agent should have requested any documentation supporting what you reported on the return. Should the agent ignore...

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Should you stop making payments on the mortgage, the lender will have the right to start foreclosure proceedings in order to get back the property....

In Miami, Florida the trustees will dismiss the case at the first meeting of creditors if the debtor does not appear. If you know ahead of time...

I have back taxes going back to 1999 to 2014, , can I discharge them in chapter 7

As others have commented there is a 3 year rule regarding the dischargeability of taxes, but this only applies to income taxes. Your facts do not...

Bankruptcy

Credit cards on which there is a zero balance are not creditors and do not have to be listed in your bankruptcy. I assume that when you ask...

After a bankruptcy is discharged am I responsible for the upkeep on a house that was part of the bankruptcy if the foreclosure

I agree with my colleagues. Title on the home is not transferred until the foreclosure goes through and the property is purchased by a third party...

What is the best option at the end of a car lease if i recently filed a bankruptcy chapter 7.

It never hurts to ask if they are willing to enter into another lease with you. The problem my clients have experienced in the past is that the...

How do I get a tax lien removed from my credit report?

Under the Credit Reporting Act a federal tax lien may appear on your credit report for 7 years after it has been paid. I am unable to determine...

Is it illegal to claim your child on your taxes if they do not live with the child in a different state?

The information you have provided is insufficient to answer your question. There are many variables. Is the child away at school? Does she provide...