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Tax Relief Help

Social Security And Taxes Many senior citizens preparing for retirement may not realize that their Social Security income could be taxable under certain conditions. When determining whether Social Security income is taxable the government uses a formula that calculates the taxable amount. Basically when a senior citizen's income from other sources, such as a 401K [...]

By |2019-04-12T21:35:19+00:00April 12th, 2019|Debt and Tax Relief|Comments Off on Tax Relief Help

IRS Debt Relief

Tax Deductions You Don't Want To Forget  Property taxes - Combined with the new homebuyer tax credit this deduction can save many homeowners a lot on their taxes. You can add this deduction to your standard deduction if you don't itemize, or if you choose, you can add it to you itemized deductions. Sales taxes [...]

By |2019-04-13T00:12:13+00:00April 12th, 2019|Debt and Tax Relief|Comments Off on IRS Debt Relief

Back Taxes Help

Getting Rid of Back Taxes in Bankruptcy and What You Should Know Bankruptcy can help you eliminate back income taxes depending on your situation and qualifications. You can file Chapter 7 bankruptcy to discharge tax debt that qualifies under the bankruptcy code. If your debt does not meet these qualifications, you may consider Chapter 13 [...]

By |2019-04-12T20:44:20+00:00April 12th, 2019|Debt and Tax Relief|Comments Off on Back Taxes Help

Tax Debt Relief

Getting Relief from Tax-Debt Garnishments Most people have at least passing knowledge of wage garnishment –the process of deducting money from an employee’s monetary compensation (including salary) as a result of a court order.  Fortunately for those who find themselves in the unfortunate position of having their wages garnished, these payments are limited by federal [...]

By |2019-03-27T22:51:36+00:00March 27th, 2019|Debt and Tax Relief|Comments Off on Tax Debt Relief

Bankruptcy and Taxes

What Bankruptcy Can & Cannot Do For Federal Tax Debt If you have federal tax debt, you may be wondering if filing for bankruptcy can do anything to help your situation. You may have even heard commercials offering the hope of tax debt relief in bankruptcy, but it’s actually not that simple. Most tax debts [...]

By |2019-03-27T23:03:43+00:00March 27th, 2019|Debt and Tax Relief|Comments Off on Bankruptcy and Taxes

Life After Bankruptcy: How to Regain Control of Your Finances

We know that filing for bankruptcy can be a stressful ordeal. And while you may feel relief after your case closes, the decisions you make in your life after bankruptcy are just as (if not more) important. To learn more about how to regain control of your finances after filing bankruptcy, contact a skilled bankruptcy [...]

By |2018-12-17T19:22:17+00:00September 18th, 2018|After Bankruptcy|Comments Off on Life After Bankruptcy: How to Regain Control of Your Finances

What Is the Role of the Chapter 7 Bankruptcy Trustee?

The court appoints a Chapter 7 bankruptcy trustee to preside over every Chapter 7 bankruptcy. The trustee is not entirely a neutral party. Although appointed by the court, the trustee works on behalf of the creditors. This means going through your paperwork to see that everything is in order, reversing recent transactions that may be [...]

By |2018-12-17T19:23:28+00:00August 15th, 2018|Bankruptcy|Comments Off on What Is the Role of the Chapter 7 Bankruptcy Trustee?

Filing a Joint Chapter 7 Bankruptcy Petition

Married couples that face mounting debt can file for joint bankruptcy together for the purpose of discharging the debts that they cannot pay. This is simply known as a joint bankruptcy or joint Chapter 7 bankruptcy. Determine Whether You Qualify for Joint Chapter 7 Allmand Law Firm, PLLC can help you and your family get a fresh [...]

By |2018-12-17T19:25:04+00:00July 11th, 2018|Bankruptcy|Comments Off on Filing a Joint Chapter 7 Bankruptcy Petition

How to Rebuild Credit After Bankruptcy

To rebuild credit after bankruptcy, you need to have a plan. That plan has to be better than the one that landed you into bankruptcy in the first place. Sure, it’s a huge relief to have all that debt off your shoulders, but the bankruptcy will be on your record for the next 10 years [...]

By |2018-12-17T19:25:26+00:00June 12th, 2018|Bankruptcy|Comments Off on How to Rebuild Credit After Bankruptcy

What Is the Role of the Bankruptcy Trustee in Chapter 13?

When you file Chapter 13 bankruptcy, this allows you to reorganize your debt and repay your creditors over a three to five year plan. An appointed bankruptcy trustee will oversee the administration of the repayment plan. Below, Reed Allmand discusses the bankruptcy trustee's duties, as well as what to expect when filing Chapter 13. What [...]

By |2018-12-17T19:25:57+00:00May 22nd, 2018|Bankruptcy|Comments Off on What Is the Role of the Bankruptcy Trustee in Chapter 13?