Timing for Writing Off Income Taxes

Wasson and ThornhillTax Debts

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.

Summary about the Automatic Stay

Wasson and ThornhillAutomatic Stay

During the last 13 blog posts we’ve covered the automatic stay–crucial protection that filing bankruptcy gives you. Here’s a helpful summary.

A Fresh Start on the Income Tax Lien against Your Home

Wasson and ThornhillTax Liens

If the IRS or state has recorded a tax lien on your home, sometimes a Chapter 13 “adjustment of debts” can get rid of both the tax and the lien.   Income Taxes that Can Be “Discharged” (Legally Written Off) If you owe an income tax debt, it can be discharged like most other debts. The tax debt just needs to meet … Read More