Tax

What Should I Do If I Have A Tax Lien

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What Should I Do If I Have A Tax Lien

A lien may be a claim against your property made by a federal or government if you fail to pay your taxes. There are variety of downsides to having a lien – it lowers your credit score, it reduces your ability to sell the property, and it’s going to prevent you from refinancing your home. […]

Tax

When Can I Discharge Tax Debt in Bankruptcy?

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When Can I Discharge Tax Debt in Bankruptcy?

It’s a common misconception that tax debt can’t be included in your bankruptcy filing. But that’s not true. In certain circumstances, you may be able to discharge, or erase, your tax debt in personal bankruptcy. Discharging Tax Debt in Bankruptcy To discharge your tax debt in Chapter 7 or Chapter 13¬†bankruptcty, it must meet five […]

Tax

IRS Tax Debt Relief

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IRS Tax Debt Relief

It’s tough to escape tax debt. Money owed to the interior Revenue Service is nearly impossible to discharge in personal bankruptcy. And while there’s a 10-year statute of limitations during which the govt can collect the cash , the IRS will surely take action to urge its money before 10 years is passed. Your best […]