Why Did I Get A 1099 Post-Discharge? I filed a Chapter 7 / Chapter 13 Bankruptcy – Why am I receiving a: 1099-A vs 1099-C Cancelation of Debt When a creditor writes off your debt, it means the lender has written the account off as a loss and the account is closed to future charges. [...]
IRS provides penalty relief for certain 2019 and 2020 tax returns: To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service (IRS) issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late. The IRS is working diligently to identify Chapter 7N, 7A, [...]
Are tax refund exempt in bankruptcy? Are you wondering if you can keep your tax refunds if you file bankruptcy? Or, will you lose your state and federal tax refunds after filing bankruptcy? Tax season is upon us. Many taxpayers are awaiting their highly anticipated tax refunds from the IRS, Kansas, or Missouri. Families are [...]
A New Year is a time to look at the next 12 months with hope and possibility, let our bankruptcy attorneys assist you and have a Happy New Year in 2015. Every day we see debtors and their households struggling with debt. The debt is keeping these families from enjoying their lives together, because they [...]
