The IRS can be an intimidating institution for many people in California, as they often worry that miscommunication or obscure rules can result in property loss or exorbitant fees. While the IRS does have great power, it is also a rule-bound organization that has...
One of the most common factors that piles on to lead people to file for bankruptcy in California is tax debt. Unfortunately, this is one of the types of debt that is generally not dischargeable. One advantage of Chapter 13 bankruptcy is that is may allow people to...
The California Franchise Tax Board has an Offer in Compromise program available for residents who want to settle tax debt. The program allows residents to offer a lower amount to pay the undisputed final tax liability. The Internal Revenue Service also has an OIC...
Self-employed persons, investors receiving interest payments and individuals who did not make sufficient estimated tax payments are among those who may face a heavy tax bill come filing season. However, California taxpayers overwhelmed with multiple debts and other...
For many people filing their federal income tax return is followed by the anticipation of receiving a refund check from the government. This annual refund becomes part of an individual’s yearly budget. When filing a bankruptcy the question arises of what becomes of that expected yearly bonus. The first thing to understand is, when you file a bankruptcy, your federal…