I owe about $7000 to the IRS and am currently on a monthly payment plan with which I am current. The taxes are from the 2010 tax year, meaning they were due on April 15, 2011, leading to the fact that it is dischargeable as of April 16, 2014.

So right now, I plan to flle for chapter...

My husband and I own our own sole proprietor business in California. We filed Chapter 13 in June 2011.
Prior to the filing, our business had operated at a loss over previous earlier years, and our accountant had reported Net Operating Loss (NOL) deductions on our 1040 tax return.
We had...

I filed bankruptcy and surrendered my house - both mortgages were discharged. Because of the backlog of foreclosures in Maryland, I sold the home in a short sale. Am I responsible for federal and state taxes for this sale? I owed $180K on the first mortgage and $47K on the second. The house sold...

I am finishing my tax returns and need to know what form to submit with my 1040 tax returns for filing Chapter 7 Bankruptcy in 2011. We received 2 1099's from our credit cards for debt forgiveness, which we don't want to have as income. Debt was discharged last year but we are an asset case and have...

I live with a domestic partner who I am allowed to cover on my employer's health benefits. Unlike married couples, however, the IRS considers this benefit to be a form of taxable income. So, on each paycheck, I get lines that read "Imputed income - Health", "Imputed income - Dental"...

Our Chapter 13 was recently confirmed. We claimed our 21 year old college student daughter as a dependent on our federal taxes for the past few years while she has been in college and living at home.

In Ohio anything over a $1500 federal income tax refund has to be relinquished to...

This is just a reminder that starting in October, the chapter 7 trustees start going after income tax refunds for the taxes you will file next year. Assuming you live in a state with no exemption (which is most states) Time to start strategically planning your case if you anticipate a significant refund....

This is just a reminder that starting in October, the chapter 7 trustees start go after income tax refunds for the taxes you will file next year. Assuming you live in a state with no exemption (which is most states) Time to start strategically planning your case if you anticipate a significant refund....

We filed 6/4/10. We usually get around $2,000 in tax refund.

We actually owed a little bit this year, because my husband changed exemptions a few too many times last year to try to stay above water and make his paychecks bigger.

Husband might end up with severance package...

I have several thousand dollars in back taxes bot U.S and State. I listed all the tax debt on my schedules and some of them meet the standards set forth to have them included in a discharge.

I have had my 231 mtg. and I need to know if I need to file any additional documents with the...

hi there,

i'm getting married later this year, and i have two investment properties (one shared with a friend) that will go into foreclosure also this year.

i'm planning to file inslovency when i get 1099c from my banks. also, i'm planning to file tax separtely from my...

Hello all,

I am in the process of short-selling some residential rental properties. The banks are willing to forgive the deficiency. I'm not sure yet, but I expect to be filing Ch7 in the next few months.

My question - If I short-sell the properties now, creating taxable...