Category: Tax Issues In Bankruptcy
By Mark Buckley, Rhode Island Bankruptcy Lawyer
closeAuthor: Mark Buckley, Rhode Island Bankruptcy Lawyer
Name: Mark Buckley, Rhode Island Bankruptcy Lawyer
Email: AttorneyBuckley@verizon.net
Site: http://www.RI-Bankruptcy.com
About: I have helped thousands of Rhode Island consumers erase unpayable debt. Being the only CERTIFIED FINANCIAL PLANNER in RI who is also a consumer bankruptcy lawyer, I am happy to explain how I can help you. Call me with your questions, or to schedule a consultation. I can be reached at 401 467-6800. Or visit www.RI-Bankruptcy.com.See Authors Posts (11) on Oct 3, 2009 in Bankruptcy Practice and Procedure, Chapter 7 Bankruptcy, General Bankruptcy Information, Tax Issues In Bankruptcy | 0 Comments
75% of tax filers get a refund. And the average refund amount is over $ 2,300. I was surprised by these figures. Am I the only one not getting an “annual bonus” from the government?
What is wrong with getting a refund check, and what does it have to do with filing for bankruptcy? Plenty.
Can you imagine your [...]
By Kent Anderson, Oregon Bankruptcy Attorney
closeAuthor: Kent Anderson, Oregon Bankruptcy Attorney
Name: Kent Anderson, Oregon Bankruptcy Attorney
Email: kent@kentandersonlaw.com
Site: http://eugenebankruptcylawyer.com
About: Admitted to practice in Oregon in 1978. Designated as a Consumer Bankruptcy Specialist by the American Board of Certification. Graduated from the Max Gardner Bankruptcy Litigation Bootcamp and the Peter Barry Fair Debt Collection Practices Act Bootcamp. Member of the National Association of Consumer Advocates. Years of experience in practice before the Internal Revenue Service and Oregon Department of Revenue has made me a valued referral source for accountants, tax preparers and other attorneys.See Authors Posts (122) on Sep 25, 2009 in Tax Issues In Bankruptcy | 0 Comments
What is Oregon Tax Amnesty and how do I get some? It is a special program to allow Oregonians and others who owe Oregon tax to come clean without financial punishment. An Oregon tax scofflaw can qualify for the amnesty program on pre-2008 tax liability by filling out an application and submitting it to the [...]
By Russell A. DeMott, Charleston Bankruptcy Lawyer
closeAuthor: Russell A. DeMott, Charleston Bankruptcy Lawyer
Name: Russell A. DeMott, Charleston Bankruptcy Lawyer
Email: russ@wyckoffdemott.com
Site: http://www.scbankruptcyattorney.com
About: See Authors Posts (16) on Sep 22, 2009 in Chapter 7 Bankruptcy, Debts Not Dischargeable, Tax Issues In Bankruptcy | 0 Comments
Most of the time, there is no reason to file a Chapter 7 bankruptcy for a corporation or limited liability company. (We’ll call them both “companies” in this post). However, there are some instances where filing Chapter 7 for the company makes good sense.
Normally, bankruptcy is about one thing: the bankruptcy discharge order. The order states, [...]
By Susanne Robicsek, North Carolina Bankruptcy Attorney
closeAuthor: Susanne Robicsek, North Carolina Bankruptcy Attorney
Name: Susanne Robicsek, North Carolina Bankruptcy Attorney
Email: NCBankruptcyLawyer@gmail.com
Site: http://www.robicsek.com
About: Concentrating in Consumer Bankruptcy Law since 1988;
Wake Forest Law School JD 1987
Law Office of Susanne M. Robicsek since 1993,
Law Clerk to Judge Rufus Reynolds, US Bankruptcy Judge for Middle District of NC; Burns Price & Arneke, PA, David Badger and Associates, PA.See Authors Posts (157) on Jul 14, 2009 in General Bankruptcy Information, Tax Issues In Bankruptcy | 0 Comments
Most bankruptcy debtors will need to file their taxes before, or soon after, filing for bankruptcy. If your adjusted gross income for 2008 was $56,000 or less, you are eligible for free tax preparation and e-filing of your federal taxes.
This services is available through a partnership between the Internal Revenue Service (IRS) and [...]
By David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney
closeAuthor: David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney
Name: David Leibowitz
Email: dleibowitz@lakelaw.com
Site: http://www.lakelaw.com
About: David Leibowitz holds a B. A. in Economics from Northwestern University and received his J.D., cum laude, from Loyola University of Chicago School of Law where he also served as Note Editor of the law review. Admitted to the Illinois and Wisconsin bars, he is the managing member of Lakelaw, an interstate law firm with offices in Chicago, Skokie and Waukegan in Illinois and Kenosha and La Crosse in Wisconsin.
He is nationally recognized for his work in identifying and pursuing mortgage related claims in the context of bankruptcy. He is presently writing "Leibowitz' Guide to Mortgage Modifications" to be published shortly after Congress amends the Bankruptcy Code. David is a member of both the Illinois and Wisconsin bars and has practiced in bankruptcy courts throughout the country. He is a member of the American Bankruptcy Institute where he is the Special Projects Coordinator for the Commercial Fraud Task Force and a frequent contributor to the ABI Journal. He is also a member of the National Association of Bankruptcy Trustees, the National Association of Consumer Bankruptcy Attorneys and numerous state and local bar associations. He is Board Certified by the American Board of Certification in both Consumer Bankruptcy Law and Business Bankruptcy Law.See Authors Posts (56) on Mar 18, 2009 in Exemptions In Bankruptcy, Featured, Tax Issues In Bankruptcy | 0 Comments
As April 15 draws near, clients often ask “Can I keep my income tax refund in bankruptcy?” Depending upon the laws of your state and the amount of the refund, the answer often is Yes!
Here’s what you have to do.
Like everything else in bankruptcy, it is very important that you be completely open and honest [...]
By David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney
closeAuthor: David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney
Name: David Leibowitz
Email: dleibowitz@lakelaw.com
Site: http://www.lakelaw.com
About: David Leibowitz holds a B. A. in Economics from Northwestern University and received his J.D., cum laude, from Loyola University of Chicago School of Law where he also served as Note Editor of the law review. Admitted to the Illinois and Wisconsin bars, he is the managing member of Lakelaw, an interstate law firm with offices in Chicago, Skokie and Waukegan in Illinois and Kenosha and La Crosse in Wisconsin.
He is nationally recognized for his work in identifying and pursuing mortgage related claims in the context of bankruptcy. He is presently writing "Leibowitz' Guide to Mortgage Modifications" to be published shortly after Congress amends the Bankruptcy Code. David is a member of both the Illinois and Wisconsin bars and has practiced in bankruptcy courts throughout the country. He is a member of the American Bankruptcy Institute where he is the Special Projects Coordinator for the Commercial Fraud Task Force and a frequent contributor to the ABI Journal. He is also a member of the National Association of Bankruptcy Trustees, the National Association of Consumer Bankruptcy Attorneys and numerous state and local bar associations. He is Board Certified by the American Board of Certification in both Consumer Bankruptcy Law and Business Bankruptcy Law.See Authors Posts (56) on Jan 29, 2009 in Exemptions In Bankruptcy, Featured, General Bankruptcy Information, Tax Issues In Bankruptcy | 0 Comments
Tell your bankruptcy attorney if you are expecting an income tax refund or economic stimulus payment.
By David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney
closeAuthor: David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney
Name: David Leibowitz
Email: dleibowitz@lakelaw.com
Site: http://www.lakelaw.com
About: David Leibowitz holds a B. A. in Economics from Northwestern University and received his J.D., cum laude, from Loyola University of Chicago School of Law where he also served as Note Editor of the law review. Admitted to the Illinois and Wisconsin bars, he is the managing member of Lakelaw, an interstate law firm with offices in Chicago, Skokie and Waukegan in Illinois and Kenosha and La Crosse in Wisconsin.
He is nationally recognized for his work in identifying and pursuing mortgage related claims in the context of bankruptcy. He is presently writing "Leibowitz' Guide to Mortgage Modifications" to be published shortly after Congress amends the Bankruptcy Code. David is a member of both the Illinois and Wisconsin bars and has practiced in bankruptcy courts throughout the country. He is a member of the American Bankruptcy Institute where he is the Special Projects Coordinator for the Commercial Fraud Task Force and a frequent contributor to the ABI Journal. He is also a member of the National Association of Bankruptcy Trustees, the National Association of Consumer Bankruptcy Attorneys and numerous state and local bar associations. He is Board Certified by the American Board of Certification in both Consumer Bankruptcy Law and Business Bankruptcy Law.See Authors Posts (56) on Jan 8, 2009 in Chapter 7 Bankruptcy, Exemptions In Bankruptcy, Tax Issues In Bankruptcy | 1 Comment
Do you get to keep your tax refund when you file for bankruptcy?
Many people who are thinking about bankruptcy at this time of year forget that their income tax refunds are a valuable asset. If you file your bankruptcy case before you get your income tax refund, you may lose it.
If your income tax refund [...]
By Nicholas Ortiz, Boston Bankruptcy Attorney
closeAuthor: Nicholas Ortiz, Boston Bankruptcy Attorney
Name: Nicholas Ortiz, Boston Bankruptcy Attorney
Email: nfo@mass-legal.com
Site: http://www.bkmass.com/
About: Helping consumers and small businesses in the following counties of Massachusetts: Suffolk; Norfolk; Essex; Middlesex; Plymouth; Bristol; Barnstable; Dukes; Nantucket. Visit my website www.bkmass.com to set up an initial consultation and to learn how I can help you. Mention Bankruptcy Law Network when you callSee Authors Posts (167) on Dec 12, 2008 in Chapter 7 Bankruptcy, Tax Issues In Bankruptcy | 0 Comments
In the case of In re Bernard, 2008 WL 5050132 (Bkrtcy.D.Mass.2008), Judge Rosenthal of the Massachusetts Bankruptcy Court addressed two important means test issues. The debtors’ means test form showed that they had “passed” the test, but the UST argued that the form was completely incorrectly in two ways: (1) that the debtors did [...]
By Nicholas Ortiz, Boston Bankruptcy Attorney
closeAuthor: Nicholas Ortiz, Boston Bankruptcy Attorney
Name: Nicholas Ortiz, Boston Bankruptcy Attorney
Email: nfo@mass-legal.com
Site: http://www.bkmass.com/
About: Helping consumers and small businesses in the following counties of Massachusetts: Suffolk; Norfolk; Essex; Middlesex; Plymouth; Bristol; Barnstable; Dukes; Nantucket. Visit my website www.bkmass.com to set up an initial consultation and to learn how I can help you. Mention Bankruptcy Law Network when you callSee Authors Posts (167) on Dec 10, 2008 in Tax Issues In Bankruptcy | 0 Comments
This past week, I wrote about discharging taxes in bankruptcy and about the three-year, 240-day, and two-year rules. This is the fourth and final installment regarding income tax dischargeability concerning unfiled or fraudulent returns and tax evasion. For an income tax to pass the fourth test, the following must be true:
1. The return [...]
By Nicholas Ortiz, Boston Bankruptcy Attorney
closeAuthor: Nicholas Ortiz, Boston Bankruptcy Attorney
Name: Nicholas Ortiz, Boston Bankruptcy Attorney
Email: nfo@mass-legal.com
Site: http://www.bkmass.com/
About: Helping consumers and small businesses in the following counties of Massachusetts: Suffolk; Norfolk; Essex; Middlesex; Plymouth; Bristol; Barnstable; Dukes; Nantucket. Visit my website www.bkmass.com to set up an initial consultation and to learn how I can help you. Mention Bankruptcy Law Network when you callSee Authors Posts (167) on Dec 7, 2008 in Tax Issues In Bankruptcy | 0 Comments
This is the third installment in a series of posts analyzing when an income tax can be discharged in bankruptcy. The first two requirements–the three-year rule and 240-day rule–were discussed previously.
The third requirement is this: If a return is filed late, it must not be filed within two years of a bankruptcy for the [...]