Do you owe the IRS money? Are you unsure what to do? If so, you may be wondering how filing for bankruptcy can help. Your first step should be to make an appointment with a qualified bankruptcy attorney to hear about how bankruptcy can help your situation. Chapter 13 A Chapter 13 will enable you [...]
If you have unpaid tax debt, you are at risk of having the IRS place a levy. You should know that dealing with IRS tax debt is not the same as dealing with any other type of debt collector. The IRS has the power to recoup money without filing a lawsuit. Before an IRS tax [...]
Are you expecting a tax refund this year? Don’t waste it on debt payments! Take control by eliminating your debt and increasing your credit score. So, How Do You Get Started? Instead of paying down a few thousand dollars of debt with your refund, you could use it to file for bankruptcy. This could wipe […]
Tax season is here again, so you may be wondering if you can keep your refund in a Chapter 13 Bankruptcy. In most cases, you are required to turn over your tax refund to your Chapter 13 Trustee. However, there are options to keep your refund.
The 2018 Tax Filing Season is about to start. Are you expecting a tax refund this year? Don’t waste it on payments! Take control by eliminating your debt and increasing your credit score.
With a new year just beginning, you might be starting to prepare for filing your 2018 taxes. Whether you are prepared or not, there are things you should know before filing your taxes. Many people depend on deducting their charitable donations to reduce their tax bills. However, changes to tax law may affect your ability […]
Without proper preparation, bankruptcy can be a complicated process. However, there are small adjustments you can work out with an attorney to set you up for success. Make sure that you speak with an attorney about what will work best for you. Here are several things to keep in mind: Your Bank Account Any extra […]
If you are thinking about hiring a debt settlement company, there are important things that you need to consider. First, you will want to understand how debt settlement works. What is debt settlement? Debt settlement is a process where you and your creditors work together to settle a delinquent amount. You can do this on […]
Dealing with IRS tax debt is unlike dealing with any other debt collector. Unlike other collectors, the IRS has the power to do things without a filing lawsuit. The IRS can garnish your wages, levy bank accounts, and even put a lien on your home without a judgment from the court. Keep in mind that the […]
The Government Accountability Office (GAO) recently did a study on federal tax withholding. The study found that many employers are not withholding enough from employees’ paychecks under the new tax law. What does this mean? This means that more Americans are likely to owe more than usual for their 2018 taxes. So, how many Americans will […]
