When it comes to Bankruptcy and Taxes, these two are often related to each other. When someone or a business is facing financial difficulties, they may consider filing for bankruptcy to obtain debt relief. However, before making any decisions on...
Chapter 7 Bankruptcy and Taxes: What You Need to Know
Before filing for a Chapter 7 bankruptcy, it is important to understand how taxes will be affected. Bankruptcy can provide relief from overwhelming debt, including taxes, but there are some important considerations to keep in mind. Here is what you...
February 14, 2023
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Tax Refunds and Bankruptcy: 10 most important things to know
Well, it's that time of the year when the bills from the holiday season will soon be arriving in our mailboxes. And, it is also the time of year when tax returns will be prepared and filed and tax refunds...
December 28, 2016
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Home Equity Lines – By Karen Maxcy Attorney at Law
If you are one of the homeowners who took out a home equity line of credit (HELOC) during the mid-2000s and are now struggling with interest and principal payments, here are some helpful tips. If you are struggling with making...
April 30, 2015
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Avoiding Tax Debt and a Tax Lein
OK, I promised to talk about more reasons to file your taxes on time – even if you cannot pay the taxes when you file them. Avoid an “SFR”: “SFR” is an acronym for “Substitution for Return”. If the IRS...
December 16, 2014
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Taxes, taxes, taxes!!
I just got done preparing tax returns for myself personally, plus for the law firm, for a non-profit that I’m involved with and a couple of other small businesses that I have. October 15th was the deadline for those of...
November 3, 2014
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