Hit with an income tax lien on a tax that bankruptcy can’t discharge? Bankruptcy is all the more valuable so that you can afford to pay off that tax. We’ve been talking about the effect of an income tax lien on an income tax that bankruptcy CAN discharge–legally write off. A tax lien can turn that tax from one you don’t … Read More
Getting Current on Home Property Taxes through Bankruptcy
Falling being on home property taxes creates problem with your tax collector but much more urgently with your mortgage lender. Why Your Mortgage Lender Gets Upset With virtually all mortgage contracts, falling behind on your home property taxes puts you in default on the mortgage itself. That means that even if you are current on the mortgage payments your … Read More
Timing for Writing Off Income Taxes
Usually you can discharge–write off–an income tax debt by just waiting long enough. Here’s how to discharge a tax debt under Chapter 7.
Clearing Up Unpaid Home Property Taxes
Catching up on property taxes benefits both you and your mortgage lender. Chapter 13 helps you pull this off under much less pressure.
How Bankruptcy Handles Employee Withholding Tax Debt
Employee withholding taxes can’t be written off in bankruptcy. But still, either Chapter 7 or 13 may provide your best solution.
Newer Income Tax Debt in Bankrutpcy
Bankruptcy does not writes off newer income taxes, but Chapter 7 and Chapter 13 both still have ways of helping.
Income Tax Debt in Bankruptcy
Bankruptcy writes off income taxes, if they meet certain conditions. These conditions are relatively, but not completely, straightforward.
How Can I Write Off All Tax Debts Through Smart Planning?
Income taxes can be legally written off in bankruptcy under the right conditions. With careful planning, you can meet those conditions.
October Tax Season: Why Should You Think about Bankruptcy If You’re Already Paying Your Overdue Income Taxes through an Installment Agreement?
If you can afford your monthly installment agreement with the IRS/state, it may be an appealing solution. But often not the best one.
The Extraordinary Tools of Bankruptcy: Getting Out of an Unaffordable Installment Plan with the IRS
If you can’t afford your current IRS monthly payment plan, or are about to break it with a new year of taxes due, bankruptcy can save you.
Tax Season: Consider Bankruptcy Even If You Are in a Payment Plan with the IRS
You can be in a streamlined monthly installment plan to pay back income taxes even if you owe the IRS a lot of money. But should you be?
Tax Season: Filing Bankruptcy Before an Income Tax Levy on Your Paycheck and/or Bank Account
You may not think of bankruptcy as a solution to your tax problems. But do look into it before the tax collector starts grabbing at you.
Tax Season: More Control in Handling Your Income Tax Debts through Chapter 13
You get more control than with Chapter 7 over the amount of your tax payment, who you can pay ahead of taxes, & adjustments to the payments.
Tax Season: 3 Reasons Chapter 13 Can Be the Best Way to Defeat Your Income Tax Debts
Resolving your tax debts through Chapter 13 “adjustment of debts” can cost you less than Chapter 7.
Tax Season: The Many, Many Ways Bankruptcy Can Cure Your Income Tax Headache
Bankruptcy can do so much more than write off old taxes and buy time to pay newer ones. So if you owe lots of taxes, it’s worth considering.
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