income tax debt

Income Tax Bankruptcy

State Income Tax Bankruptcy
ByNick C. Thompson 11/16/202006/04/2021

This is how to get the IRS account transcript you need in minutes. Discharging Kentucky and Indiana income taxes in bankruptcy is no different from discharging IRS federal income taxes. Accountants and lawyers used to file Form 8821 or 2848 in order to get them but now this can be done online. Below, we show…

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Chapter 7 Bankruptcy

Benefits of a Chapter 7 Bankruptcy • Video
ByNick C. Thompson 11/12/202006/04/2021

One of the basic Chapter 7 bankruptcy benefits is a federal court order. When you file Chapter 7, an “automatic stay” is put into place. This automatic stay then stops all collections attempts, lawsuits, wage garnishments, and any contact from creditors. It is so effective, I have people report they pick up phones to see…

Read More Benefits of a Chapter 7 Bankruptcy • Video