Yes, if you meet certain conditions you CAN legally discharge–permanently write off–federal and state income taxes.
Q&As about tax refunds, whether and when to file late tax returns, joint tax debts with ex-spouses, getting rid of tax liens, and more.
The October 15 extended tax filing deadline is now the new April 15 for many Americans. If you owe and canât pay, here are some solutions.
Protect your otherwise unprotected asset(s) by flexibly paying to do so under Chapter 13. Maybe you wonât even need to pay anything extra.
Give your asset to the Chapter 7 trustee to pay a very special creditor. Either because you donât need that asset or itâs your best option.
Most people can file Chapter 7 and not lose anything because everything they own is “exempt.” But what if something of yours isn’t?
Most people who file bankruptcy under Chapter 7 do not have to surrender anything to their trustee because everything they own is “exempt.”
The federal court itself says it is “extremely difficult” to go through a Chapter 7 case successfully without an attorney.
How much has the compensation of top corporate executives really been going up? How much in comparison to their employees?
Has the minimum wage really been declining? Would an increase in the minimum wage mostly affect teenagers? What about women? And minorities?
Economists can debate how much unions have helped boost wages historically. But unionsâ decline does seem related to our wage stagnation.
Wages have not been rising because of high unemployment, increasing employer health care costs, and the shift to lower paying jobs.
Todayâs worsening income inequality is partly explained by stagnant middle class wages during the last decade. Why AREN’T wages rising?