It never hurts to learn about the laws behind debt-related issues and how they affect you. We write our articles keeping your most important questions in mind and hope you will find their content useful in your quest for financial independence. Read about Chapter 13 bankruptcy and credit card debt relief in Texas here.
- Page 1
-
9th Circuit rules that to except income taxes from discharge for willful attempt to evade or defeat tax, IRS must show specific intent, not just overspending Hawkins v FTB, Income taxes discharged unless specific intent to willfully evade or defeat the tax, says 9th Circuit -
How to Fight an Incorrect 1099-C Form for Cancelled or Forgiven Debt Disputing 1099-C form for forgiven debt -
IRS Cancellation of Debt Income - Do You Owe Taxes on Forgiven Debt? Form 1099-C, Cancellation of Debt Income I.R.S. -
If You Received A 1099-C from the I.R.S. for Cancellation of Debt, You Can Use Form 982 To Seek To Exclude This Income per I.R.S. It's possible to owe taxes on debts that are cancelled under certain circumstances. If you received a 1099-C, you may need to file a Form 982 with the IRS -
North Carolina Bankruptcy Court finds I.R.S. Discriminates Against Debtors, Orders Offer In Compromise Enough To Satisfy Chapter 13 Plan The I.R.S. must accept as full settlement the amount of an accepted Offer in Compromise, when a debtor files chapter 13 bankruptcy, holds a No. Carolina judge -
In re Mead (Bankr.E.D.N.C., 2013) North Carolina Bankruptcy Judge: I.R.S. Discriminates Against Bankruptcy Debtors With Offers In Compromise If the Internal Revenue Service has accepted an Offer in Compromise, Chapter 13 Debtors can pay it through their chapter 13 plans, says bankruptcy court -
IRS Income Tax Can Be Discharged In Bankruptcy But Only If You Meet the Requirements Must Have Filed Tax Returns More Than 2 Years Before Bankruptcy, for Taxes to be Discharged -
Bankruptcy Lawyer Gives Presentation about IRS and Bankruptcy at Large Houston Accounting Firm Attorney J. Thomas Black gave a presentation at the largest independent accounting firm in Houston, Texas: Gainer, Donnelly & Desroches. -
How the IRS Collection Process Works If you owe the IRS money, their agents will spring into action to collect your unpaid taxes fairly quickly.