Category Archives: Tax Bankruptcy

Tax Bankruptcy That Wasn’t

Today TaxMama hears from Gina in San Diego who tells us. “I filed bankruptcy in 2005, hoping to clear back taxes. All taxes had been filed and assessed. However, my back taxes went untouched by the bankruptcy. Had I known that would occur, I would not have filed. What went wrong?”

Statistical Restaurant

Today TaxMama hears from Patrick in the TaxParlor who has this tale of woe, “In 2001 I withdrew about $70,000 from a 401K plan to open a new restaurant. I had just been laid off from my job and wanted to try something new. I opened a restaurant, and it failed. I ended up owing […]

Back to the Ex

A few weeks ago, we talked about changing IRS collection policy when it comes to divorced couples who owe a joint tax debt when they end their marriage. You can read the details here. http://taxtwist.com/article.php?varset=s:13-pm:p-se:265-e:69-a:136&SessId= Since all the questions I am getting this week relate to tax bankruptcy (MSN must have re-released that old article) […]

Tax Bankruptcies

From: Everywhere – we had about 10 questions about tax bankruptcies, this week alone. Who knows, perhaps this article re-surfaced Dear TaxMama, Is it true that you really can get rid of your taxes through bankruptcy? What is a tax bankruptcy and how can I get one? Signed… everyone. Dear Family, About three years ago, […]