How Bankruptcy Can Help You With Your Tax Debt

How Bankruptcy Can Help You With Your Tax Debt Many people who are financially struggling also struggle with tax debt. As a result, many turn to bankruptcy as a solution to their tax problems. Although bankruptcy can help with many types of tax issues, it cannot solve all tax problems. Knowing how bankruptcy deals with tax […]

Bankruptcy & Taxes

Filing for bankruptcy can be a daunting and overwhelming process, especially when it comes to dealing with taxes. If you are considering filing for bankruptcy or are already in the process, it is important to understand how bankruptcy can impact your taxes. Bankruptcy and Taxes When you file for bankruptcy, your assets and liabilities are […]

Tax Obligations and Debt Problems May Be Greater for Married Couples

It used to be assumed that getting married would help to alleviate debt concerns because doing so would have a positive effect on a person’s tax bill, among other things. However, that may not actually be the case, especially if both spouses have high annual incomes. Beyond that, getting married can potentially reduce a person’s […]

Will My Tax Debt Be Discharged Under Chapter 7 Bankruptcy?

Discharging old tax debts is a major goal for many Americans who have fallen behind on paying taxes. Much of the public mistakenly believes that filing for bankruptcy will automatically clear all debts including tax debts, but this isn’t always the case. You may be able to discharge certain tax debts when filing for Chapter […]

4 Criteria For Tax Debt To Be Dischargeable Under Bankruptcy

Many people who struggle with their finances and debt also struggle with tax debt. It’s very common for people to turn to bankruptcy as a solution to their tax problems. Although bankruptcy can help with many types of tax issues, it can’t solve all tax debt problems. If you know how bankruptcy works when it […]

What Happens with My Tax Refund If I File for Personal Bankruptcy?

What Happens with My Tax Refund If I File for Personal Bankruptcy? When debt becomes unmanageable, many people wonder where they can turn for help. Filing for bankruptcy can help you discharge certain debts; however, the process itself is anything but simple. A common question we receive is, Can I keep my tax refund after […]

2018 Tax Season: Bigger Returns or Bigger Disappointment?

A spring ritual is underway. Tens of thousands of people will soon get their tax refunds, with dreams of finally being able to afford something they’ve thought about for months. Countless Americans struggle to gather the money to do or buy the things they desire. It’s what to expect in a country where nearly half […]

“Real Housewives” Stars Look to Make Good in Reopened Bankruptcy Case

The bankruptcy case for reality TV star Teresa Giudice has been reopened. Teresa, and her husband Joe Giudice, were previously convicted of bankruptcy fraud and sentenced to prison terms. Now the Giudices have another chance to properly acknowledge their debts while filing for bankruptcy. The reality television stars recently spoke to the media, through their […]

Study Contradicts Theory That Millionaires Flee States with Higher Taxes

It has long been assumed that high net worth individuals, along with their businesses, are more likely to move when states raise tax rates on the rich. However, a new study shows that perhaps this is inaccurate: millionaires do not necessarily move to low-tax states, or no-tax states, in order to avoid paying a higher […]

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