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.
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.
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.
When are income taxes not dischargeable because you willfully evaded the taxes?
The bankruptcy automatic stay protects debtors from collection efforts from the IRS and Franchise Tax Board. Bankruptcy stops collections from the IRS and FTB.
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.
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.
Filing for bankruptcy can stop a tax lien from being filed by either the IRS or the state.
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.
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.
Are federal income taxes and state income taxes dischargeable in a Chapter 7 bankruptcy. Income taxes can be discharged if they meet certain requirements.
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.