Recent Posts in Tax Category
Posted on Mar 31, 2012 By Robert Kovacs
Tax Masters -- $195 Million fraud judgment Tax Masters, whom many people recognize because of their large national ad campaign, has been found to have committed fraud on their clients by a Texas jury. ...
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Posted on Mar 31, 2012 By Robert Kovacs
Tax Masters -- $195 Million fraud judgment Tax Masters, whom many people recognize because of their large national ad campaign, has been found to have committed fraud on their clients by a Texas jury. ...
Continue reading "Tax Masters -- $195 Million fraud judgment" »
Posted on Mar 18, 2012 By Robert Kovacs
Are debts discharged in bankruptcy taxable? No. As in you can see from our last blog post, "Gross Income Defined" almost everything is taxable "expect as otherwise provided." The ...
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Posted on Mar 18, 2012 By Robert Kovacs
Gross Income Defined: Gross Income is Defined by the IRC §61 as "Expect as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not ...
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Posted on Feb 10, 2012 By Robert Kovacs
Can I Keep my Tax Refund? A common question this time of year for individuals considering bankruptcy is: Can I keep my tax refund? Yes you can. All cases are different and do need an individual legal ...
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Posted on Jan 28, 2012 By Robert Kovacs
Discharge of Tax Debts when your return is filed late. Generally, income tax debts become dischargeable in bankruptcy if your tax has been past due for at least three years, the return was actually ...
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Posted on Sep 21, 2011 By Robert Kovacs
When Does My Bankruptcy Case End? "When does my bankruptcy case end?" may sound like a simple question, but the answer can be very confusing. There are several different milestones that ...
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Posted on Sep 19, 2011 By Robert Kovacs
IRS Tax Amnesty Programs Collects Billions The Wall Street Journal reports that 15,000 individuals took advantage of a recent Internal Revenue program offering limited amnesty for taxpayers with ...
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Posted on Sep 9, 2011 By Robert Kovacs
Tax Returns After Filing Chapter 13 Bankruptcy YOU CAN KEEP YOUR TAX RETURN!!! A Massachusetts Chapter 13 bankruptcy case lasts between three to five years. That is three to five New Years, three to ...
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Posted on Aug 7, 2011 By Robert Kovacs
Tax liens will "ride through" your bankruptcy case. If you have an otherwise dischargeable tax claim and a lien has been recorded against your real or personal property the lien will remain ...
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Posted on May 5, 2011 By
Discharging Tax Debt in Bankruptcy Certain debts have been given special status by the Bankruptcy Code and are generally excluded from the debtor's bankruptcy discharge. Child support obligations, ...
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Posted on Feb 3, 2010 By Robert Kovacs
If you owe the IRS or the Massachusetts Department of Revenue (“DOR”) back taxes then filing bankruptcy may help. Filing bankruptcy under chapter 13 or 11 will put you into an interest free repayment ...
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Posted on Feb 3, 2010 By Robert Kovacs
For most debtors filing under chapter 7, 11, 12, or 13 you are able to keep your tax return without surrendering it over to the case trustee or the estate. In bankruptcy you are able to exempt certain ...
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Posted on Jan 10, 2010 By Robert Kovacs
The goal for most individuals in bankruptcy is to receive a discharge of their debts. A discharge is a release of your legal obligation to repay your debt. With limited exception the discharge will ...
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