Apr 13, 2022 | Taxes & Inheritance
Taxes & Bankruptcy are complex and a nuanced area of law. Some back taxes owed to the IRS are dischargeable (erased) through bankruptcy, while others are not. Before filing for bankruptcy, it is important for you to consult with a tax debt attorney in Savannah,...
May 27, 2021 | Chapter 7 Bankruptcy, Taxes & Inheritance
While bankruptcy can be a positive move to starting over with your finances, it’s no secret that your credit score will take a hit. However, with responsible spending and a few other strategies, it is possible to rebuild your credit score. Here are our top tips and...
May 6, 2021 | Chapter 7 Bankruptcy, Taxes & Inheritance
We’re in the midst of tax season — a time period that can cause an overwhelming amount of stress for many families. If you are struggling with income tax debt, now may be the time to start looking into bankruptcy to remedy your financial situation. Filing for...
Jun 24, 2020 | Taxes & Inheritance
The COVID-19 pandemic has brought almost the whole universe into a standstill. Almost every sector of the economy has been shaken. Millions of Americans have filed for unemployment claims as most companies scaled down or shut operations completely. Consequently, the...
Jul 17, 2019 | Taxes & Inheritance
Are you buried under tax debt? Do you owe back taxes? Back taxes are known as taxes that you’re required to pay after the year they were due. If you let another year go by without paying the IRS, that’s when it’s referred to as back taxes. Those back...
Jan 15, 2019 | Taxes & Inheritance
The anticipation of the holiday season is often followed by the dread of tax season. If you plan to file bankruptcy, whether Chapter 7 or Chapter 13, the timing of your filing could have a drastic impact on how much of your income tax return you get to keep and how...
Jun 22, 2018 | Taxes & Inheritance
People who are struggling with overwhelming credit card debt often are also struggling to pay back taxes, too. If you’re struggling with overwhelming debt, it may be time to explore if bankruptcy is the right solution to your debt problems. Filing for bankruptcy...
Jun 14, 2018 | Taxes & Inheritance
Bankruptcy is a complex area of law and getting rid of income tax debt in bankruptcy is complicated. To understand your specific situation it will be important for you to meet with an experienced bankruptcy attorney to discuss your potential case. Dischargeable Income...
May 1, 2018 | Taxes & Inheritance
Generally speaking, the Internal Revenue Service (IRS) considers forgiven debt as income. For example, in debt settlement, the difference between the amount you owed and the amount you paid in the settlement is income and is supposed to be reported on your tax return...
Dec 8, 2017 | Taxes & Inheritance
Bankruptcy is a powerful legal tool that helps people get out of debt. Under bankruptcy law, you are entitled to keep a certain amount of assets and belongings. In fact, the vast majority of bankruptcy filers get to keep all or most of their belongings. To understand...
Jan 9, 2017 | Taxes & Inheritance
Even after 35+ years practicing bankruptcy law, we never cease to be amazed by how much misinformation about bankruptcy people believe. Many people erroneously believe that tax debts cannot be erased in bankruptcy. The truth is that certain back income taxes can be...
