When it comes to tax debt, getting the proper relief can be challenging, but doable.  Keep your focus on doing whatever it takes to avoid filing for bankruptcy when at possible.  This post will offer some suggestions on how you can deal with tax debt while staying afloat. 3 Ways to Face Tax Debt: Before  … Read more

Many people wonder if tax debt may be included in bankruptcy.  The answer is “yes” as long as certain conditions are met.  Essentially, the age of the back taxes and reason they are owed are the primary factors when considering whether or not tax debt can be included in a bankruptcy. Including Tax Debt in  … Read more

Now that tax season is over, you may find yourself owing the IRS money. Tax debts can be tricky, especially if you lack the funds necessary to repay them. Although many people assume tax debts are not eligible for bankruptcy, the truth is that some tax debts are and can be discharged quite easily. Tax  … Read more

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. Avoiding Back Taxes Many people begin to panic when they think of the possibility of back taxes. While  … Read more

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 was passed in 2011 that made some big changes to the way bankruptcy proceedings now  … Read more

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 around. Filing for bankruptcy around the time of owing taxes or receiving tax refund checks can influence  … Read more

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 clients who sought help for their tax problems have been left to deal with their debts and other troubles  … Read more

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 end up in tax debt, but it can happen to  … Read more

No one knows sacrifice quite like military service members and their families. Living away from home and with a support system, many military families know how hard it can be to make ends meet on a government salary. Unfortunately, bankruptcy, foreclosures and tax debt are all big threats that many of these families have had  … Read more

The issue of unpaid taxes is a serious matter as the IRS does not handle tax debts lightly. One common area of concern for people experiencing financial trouble is how to manage their tax debts with a strict budget. Most people assume that tax debts can be handled like any other debt in a bankruptcy  … Read more