Category Archives: Taxes

WILL MORTGAGE FORGIVENESS HURT MORE THAN IT HELPS?

A settlement has been reached between several of the mortgage companies and the United States Government regarding bad lending practices. As a part of the settlement, the balance owed on certain loans is being forgiven. How can it be bad … Continue reading

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CAN I GO TO JAIL IF I DO NOT PAY MY INCOME TAXES?

There is no one answer to this question, but, the only answer that is correct is that it depends. If you do not pay your persona taxes, you will not go to jail in most circumstances. The failure to pay … Continue reading

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TAXES THAT ARE NON-DISCHARGEABLE IN BANKRUPTCY

TAXES THAT ARE NON-DISCHARGEABLE IN BANKRUPTCY I am often confronted by a client who has had employees and failed to pay to the IRS the taxes that were withheld from the paychecks of employees. The first thing to understand that … Continue reading

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BANKRUPTCY AND DISCHARGE OF TAXES

Many people believe that taxes are not dischargeable.  That is true for some taxes and not true for other types of taxes.  There are rules regarding what taxes are dischargeable in bankruptcy and what taxes are not dischargeable. Only an … Continue reading

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