Category Archives: Tax Issues

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4 Criteria For Tax Debt To Be Dischargeable Under Bankruptcy

Many people who struggle with their finances and debt, also struggle with tax debt and turn to bankruptcy as a solution to their tax problems. Although bankruptcy can help with many types of tax issues, it cannot solve all tax debt problems. Knowing how bankruptcy works when it comes to tax debt is critical in……
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2018 Tax Season: Bigger Returns or Bigger Disappointment?

A spring ritual is underway. Tens of thousands of people will soon get their tax refunds, with dreams of finally being able to afford something they’ve thought about for months. Countless Americans struggle to gather the money to do or buy the things they desire. It’s what to expect in a country where nearly half……
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Will My Tax Debt Be Discharged Under Chapter 7 Bankruptcy?

Discharging old tax debts is a major goal for many Americans who have fallen behind on paying taxes. Much of the public mistakenly believes that filing for bankruptcy will automatically clear all debts including tax debts, but this isn’t always the case. You may be able to discharge certain tax debts when filing for Chapter……
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Tax Obligations and Debt Problems May Be Greater for Married Couples

It used to be assumed that getting married would help to alleviate debt concerns because doing so would have a positive effect on a person’s tax bill, among other things. However, that may not actually be the case, especially if both spouses have high annual incomes. Beyond that, getting married can potentially reduce a person’s……
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“Real Housewives” Star Files Malpractice Lawsuit against Former Bankruptcy Lawyer

There is a new twist in the Teresa Giudice bankruptcy case, as the reality television star has reportedly agreed to use any funds obtained in a malpractice lawsuit to pay back her creditors. Teresa Giudice Convicted of Bankruptcy Fraud All of these legal issues began with a fairly standard bankruptcy filing, one that drew scrutiny……
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