Most people dread tax season. It’s the time of year where most adults have to collect every financial detail from the past year and see what they owe to the government. Some people are lucky enough to receive refunds, but it’s not always...
Over Three Decades Of Compassionate Legal Services For Individuals And Businesses Seeking Effective Financial Solutions
Bankruptcy And The IRS
How Chapter 12 bankruptcy affects taxes
Before filing for any bankruptcy chapter, it is important that you understand the implications that the particular chapter will have on your finances. Each bankruptcy chapter has its own set of eligibility guidelines, benefits and...
What does the IRS say about taxes and Chapter 11?
When approaching Chapter 11 bankruptcy, it is very important to consider the tax implications. Fortunately, the Internal Revenue Service (IRS) knows the challenges that businesses face, and it offers direct advice regarding this process....
Do you get a tax refund if you filed for bankruptcy?
The last year hasn't gone as well as you'd hoped, financially speaking, and you've decided to file for bankruptcy. However, you're still hoping that you'll at least get a nice tax return when you file. Are you still eligible for the...
Tax obligations while your bankruptcy is pending or discharged
Bankruptcy can change how you go about filing your taxes. One of the worst mistakes you can make is assuming that the way you've filed them at other stages in your life is the same approach you'll use when your bankruptcy is still pending...