Mar 20, 2022 | Bankruptcy, Tax, Tax Issues
Be sure to give the 1099 Form to your bankruptcy attorney. The tax authorities will cross-reference the information on the 1099s with your tax returns. It’s important that you address this information on your own returns. To do this, you will need to file a Form...
Feb 27, 2022 | Blog, Divorce & Bankruptcy, Divorce & Bankruptcy, Family issues, Financial Problems
As the month associated with cupids, hearts, and love wraps up, some thoughts on the importance that keeping your finances in check can have on relationships… While many people refuse to admit that money can have an effect on relationships, the truth is that...
Feb 18, 2022 | Bankruptcy, Blog, FAQ
Here’s what you need to know about reaffirmed debts and bankruptcy: If you reaffirm one or more debts in your bankruptcy case, those obligations remain binding and enforceable according to the terms of the reaffirmation agreement. Your failure to comply with the...
Feb 6, 2022 | FAQ, General Bankruptcy, Tax, Tax Issues
Taxes are among the worst debts to have. By filing your returns timely, you can avoid having these debts. Tax debts grow at a very fast rate. In addition to the interest, there are penalties. From IRS form 746: “We may charge penalties if you do not...
Jan 30, 2022 | Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, FAQ, Tax, Tax Issues
It’s tax season, so that makes it a good time to answer this frequently asked question: SHOULD I FILE MY TAX RETURNS BEFORE OR AFTER I FILE BANKRUPTCY? It is probably better to file tax returns before you file bankruptcy. This is likely true whether you have a...
