Category Archives: Tax Issues Video

Can the bankruptcy court decide tax disputes?

Ohio Debt Relief, Credit Counseling & Bankruptcy Attorney
[bkvideo file=”/bkvideos/Can the court decide tax disputes complete.mp4″ width=”590″ height=”443″ thumb=”default”] The bankruptcy court has the power to decide certain tax disputes. When consumer files bankruptcy, he must list all of his debts, including tax debts. The court has the power to determine whether or not the debts listed in a bankruptcy are valid and […]

Is the debt discharged in bankruptcy considered income that has to be reported on my income tax return?

Ohio Debt Relief, Credit Counseling & Bankruptcy Attorney
[bkvideo file=”/bkvideos/Is the debt discharged complete.mp4″ width=”590″ height=”443″ thumb=”default”] There is no adverse tax consequence when you discharge debt in a bankruptcy. Federal law provides that all of the debt that you discharge in your bankruptcy is not taxed as income. This is in contrast to the debt that might be forgiven or written off […]

Is the IRS affected by my bankruptcy filling? Do I still have to pay back taxes and new taxes?

Ohio Debt Relief, Credit Counseling & Bankruptcy Attorney
[bkvideo file=”/bkvideos/Is the IRS affected complete.mp4″ width=”590″ height=”443″ thumb=”default”] While the IRS is sometimes a creditor and all creditors are affected by the bankruptcy filing – most back taxes are not discharged in a bankruptcy. Some taxes can be discharged in bankruptcy and the dischargeability of taxes in bankruptcy is a very complex matter. If […]

What are there tax consequences to filing bankruptcy?

Ohio Debt Relief, Credit Counseling & Bankruptcy Attorney
[bkvideo file=”/bkvideos/Are there tax consequences complete.mp4″ width=”590″ height=”443″ thumb=”default”] There are seldom adverse tax consequences which result from the bankruptcy filing. In fact, just the opposite is generally the case. If you make an arrangement with a creditor to take less than the creditor is owed, as is typical debt management programs, the amount that […]
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