This week a California man failed to use his bankruptcy to wipe out old state income tax debts. The Ninth Circuit held that his notices to the state don’t amount to tax returns. Those notices weren’t tax returns that...
Tax debts can be costly in many ways. Unlike other types of debt, defaulting on paying your taxes can result in having your wages garnished, your property placed under lien, and even land you thousands of dollars more in...
Can tax debt be discharged in bankruptcy? Yes. And no. The first thing to understand about bankruptcy is that it is a legal procedure created by Congress. There is no such thing as “discharging“ tax debt. What...
This year, a large number of Americans have been confronted by unemployment. As endless individuals are battling with financial crisis, the consequences of unemployment reach beyond the bimonthly paychecks. Take, for...
If you owe money to the Internal Revenue Service, they will not let you avoid it or forget it. The IRS has almost unlimited power in recovering tax debt, making them a very aggressive collection agency. The IRS can levy your...
