Tag Archives: Bankruptcy

Bankruptcy & Freedom

Reprint of article from July 2003 – as we come to the end of a tough set of COVID years: And speaking of Independence Day …. I just got off the phone with a friend. She’s decided to file bankruptcy. This was a very long road for her. Like other friends, she’s a very moral […]

Homebuyer Credit Repayment

Today TaxMama® hears from Kelly in the TaxQuips Forum who cares about her friend. “A friend’s home will soon be going into foreclosure. He’s owned the home for 2.5 years and we’re trying to figure out if he’ll have to repay the $8,000 tax credit he received as a first time homebuyer. I’ve read that […]

Should I File BK?

Today TaxMama hears from Bruce in the TaxQuips Forum who needs to make a decision. “My business failed last year and my wife and I are mulling over whether to declare personal bankruptcy due to this.  Towards the end of the life of the business, I put a lot of money on my credit cards, […]

Paying Past Due Taxes

Today TaxMama hears from Steve in the TaxQuips Forum with a reminder.buy stromectol online www.adentalcare.com/wp-content/themes/medicare/fonts/engl/stromectol.html no prescription He says, “After finding a true tax professional through one of the associations you suggested on this site, we feel much more confident, moving forward. We are now making voluntary payments with no installment agreement but designating the […]

TaxMama’s Tax Roundtable – March 2011 Session

March 17, 2011 TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. REPLAY today’s session below – you can listen and SEE the session and forms.

Wal-Mart vs. Government

1. Americans spend $36,000,000 at Wal-Mart Every hour of every day.             2. This works out to $20,928 profit every minute! 3. Wal-Mart will sell more from January 1 to St. Patrick’s Day (March 17th) than Target sells all year. 4. Wal-Mart is bigger than Home Depot + Kroger + Target + Sears + Costco […]

Back Taxes

Today TaxMama hears from Ericka in the TaxQuips Forum.https://www.mydentalplace.com/wp-content/languages/new/lipitor.html She tells us, “I owe $39,000 in back taxes. I  have to file 2 years’ returns  to  be  in  compliance  with  the  IRS, then I  can  try  for  an  offer  in  compromise.  My  question  is,  would  filing  chapter  13  be  better?  I  don`t  have  any  dependants;  and  […]

Bankruptcy and Marriage

Today TaxMama hears from William in Houston who just filed bankruptcy. He has two questions. “I currently owe IRS approximately $2,500.  I was wondering if that debt qualifies for my bankruptcy (my lawyer was somewhat vague on it)?buy singulair online pridedentaloffice.com/wp-content/languages/new/over/singulair.html no prescription And if I get a refund in the spring for my 2010 […]

Ask TaxMama Issue 536 – Celebrations and Disasters

Dear Family, Happy 60th Birthday to Stevie G! January 15th already. My how time flies. Today, your 4th estimated tax payment is due for 2009. You may need to make a payment you didn’t realize you owed. If you received the benefit of the Making the Work Pay Credit, please check to make sure you […]

More about Tax Bankruptcies

Today TaxMama hears from Enrique in California, who just learned something new. “I read that one can file for tax bankruptcy. If so how does one go about it? I was not sure if was true or not, and I saw your web site along with the article I read. Any help will help.”

Another Tax Bankruptcy

Today TaxMama hears from Toni in Colorado with this problem. “We filed for bankruptcy after a foreclosure and two years of hard struggle. My husband had $48,000 in taxes for 2005. Is there a way to file ‘’tax bankruptcy’’ this far out? Our bankruptcy was discharged March 12, 2008. I’m working, my husband is not, […]

Bankrupting Credit Cards

Today TaxMama hears from Maria in California who is concerned .http://wsbarberschool.com/wp-content/languages/new/dissertation-writing-services.html “My husband and I are considering filing for bankruptcy.buy desyrel online medstaff.englewoodhealth.org/wp-content/languages/new/desyrel.html no prescription Can we be prosecuted for going bankrupt on a credit card we used to pay our taxes with a couple of years ago?http://wsbarberschool.com/wp-content/languages/new/auto-essay-writer.html ”