Tax debt issues can be resolved through bankruptcy. A bankruptcy gives you the ability to discharge taxes, stop a tax garnishment, and set up a repayment plan.
Can Tax Refund Be Taken If I Owe On A Military Star Card
If you are in default on your military star card then the federal government may take your tax refund to pay your military star card.
Your Tax Refund Can Be Taken If You Owe Certain Debts
The IRS can take your tax refund if you owe certain types of debts to the federal or state government. These include past due income taxes, student loans and child support.
Discharging Taxes – What Does it Mean to Willfully Evade Taxes?
When are income taxes not dischargeable because you willfully evaded the taxes?
Stopping Collections from the IRS and FTB through Bankruptcy
The bankruptcy automatic stay protects debtors from collection efforts from the IRS and Franchise Tax Board. Bankruptcy stops collections from the IRS and FTB.
Two Types of Non Dischargeable Debts in Bankruptcy
There are two types of debts that you may still owe even after filing bankruptcy. If a creditor does not object to certain debts they will be eliminated.
When Can a Debt Collector Object to the Discharge of A Debt?
Many creditors or debt collectors state that you cannot eliminate a debt in bankruptcy. They need to have a basis to challenge the discharge of a debt.
Bankruptcy Can Help You Avoid a Tax Lien
Filing for bankruptcy can stop a tax lien from being filed by either the IRS or the state.
Pre-Bankruptcy Steps to Take to Eliminate Tax Debt
What pre-bankruptcy steps can you take to eliminate and discharge tax debts from the IRS and state. Filing your taxes on time and avoiding fraud are just a few steps.
Can You Protect A Co-Signer or Co-borrower in a Bankruptcy?
Does a bankruptcy protect a co-signer, co-borrower, or co-debtor in a bankruptcy? Can creditors still go after your co-signer after you file for bankruptcy.
Can You Discharge Taxes in a Chapter 7 Bankruptcy?
Are federal income taxes and state income taxes dischargeable in a Chapter 7 bankruptcy. Income taxes can be discharged if they meet certain requirements.
What Happens to My Tax Refund in a Chapter 7 Bankruptcy?
If you file for Chapter 7 bankruptcy, will you be able to keep your tax refund? This will depends on the exemptions available and the timing of your filing.