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taxes
Last December while many of us were preparing to celebrate the holidays, a new tax law was signed that impacted many people’s retirement savings choices. With Tax Day approaching next month, you already may be in touch with your tax and financial advisors about preparing your annual returns. Now may be an optimal time to...
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“Leverage: the use of a small initial investment…to gain a very high return.” — Dictionary.com           I have been debating how to talk about this in a delicate manner and I simply could not figure it out. So, I will just come out and say it: People being crushed by debt can leverage their tax...
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If you owe federal income taxes to the Internal Revenue Service (IRS), you may be able to discharge the debt in Bankruptcy.  In order to do so you must qualify for Chapter 7 Bankruptcy and all of the following conditions must be met: The taxes that you owe are, in fact, income taxes and not...
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Whether you are listening to the radio or watching T.V, you’ve most likely heard a commercial or two about eliminating tax debts in Bankruptcy. But is it too good to be true? The fact of the matter is, it may be just too good to be true. Let’s take a look why. It is possible...
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