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5 Tax Implications of Filing Bankruptcy

Income taxes

They say the only inevitable things in life are death and taxes. Nearly everything in life has some sort of tax consequences – marriage, divorce, jobs, charitable donations, having kids, going to college, buying a car, even putting gas in that car – everything. Whether ...

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When Can You Get Back Income Taxes Written Off in Bankruptcy and When Are They Unavoidable?

Income taxes are a type of debt and, if they go unpaid, can be the most difficult type of debt to get out from under besides student loans. There are only a couple of ways to get out of paying tax debt – wait out ...

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Bankruptcy and Taxes - 3 Ways to Deal with Back Tax Debts

Owing back taxes is not a reason by itself to consider filing bankruptcy. But if you've got a mountain of other debts that you simply can't service, filing bankruptcy may make sense, and attempting to get back tax debts discharged makes even more sense. But ...

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