Now that tax season is over you may or may not find yourself owing the IRS money. While tax debts are not typically financially troublesome for most people, they can be overwhelming if you aren’t expecting them....
There are cases in which the bankruptcy process requires that some funds be turned over to help satisfy debts. Some of these funds can include items such as tax refunds and earned income tax credits. However, a new Kansas law...
The Chapter 7 bankruptcy process uses your income to determine your eligibility to file, as well as how much of your nonexempt property may be liquidated to satisfy debts. This poses a unique problem when tax time rolls...
A leading tax debt firm has landed themselves in hot water with former clients over a bankruptcy filing and allegations they engaged in unprofessional practices. After TaxMasters filed for Chapter 11 a few weeks ago, many...
In the midst of tax season we begin to feel the pressure of how last year’s tax liabilities will play out. Some of us will be lucky enough to get a refund, while others will end up owing the IRS. No one sets out to...
