One of the most important documents we need in order to file your bankruptcy are copies of your tax returns for the last 4 years. We must have both federal and state. If you cannot find your tax returns, check with your tax preparer or ask the IRS or State for a copy of your […]
How Do I Request My Tax Transcripts Online?
Can I Still Use the Mortgage Deduction On Taxes If My House is Being Paid In A Chapter 13 Bankruptcy?
After filing Chapter 13 bankruptcy, you should confirm with your attorney whether the monthly mortgage payment is to be paid by you or the Chapter 13 bankruptcy Trustee. Often the mortgage payment is included in your monthly Chapter 13 payment and disbursed to the mortgage company by the Chapter 13 Trustee. Regardless of how the […]
When you file for a Chapter 13 bankruptcy, there may be a chance you could end up owing taxes over the three to five years that you are in the bankruptcy. If you do happen to owe taxes while in a chapter 13 bankruptcy, the IRS or State that you owe may file a proof […]
The Internal Revenue Service (IRS) uses a basic logic that if you have any signing authority over the business bank account, then you can be held personally responsible for certain taxes owed by that business. So, yes, if you own a business or part of a business, be prepared to pay certain accrued taxes. This […]
You will notice when you are filling out your paperwork that the court asks you for what seems to be a billion pieces of documentation ranging from copies of bills, papers from purchases, income advices and federal and state taxes. These documents are asked for to verify information you are providing is true and accurate. […]
When you file bankruptcy, your bankruptcy attorney will request to have a copy of the last 4 years of tax returns. Why? It is among the documents required by the federal bankruptcy courts. Your tax returns reveal a good bit of information about transactions and assets that would be pertinent to the preparation of a […]
There are many times when you may need a copy of your North Carolina state income tax returns. If you are in legal proceedings such as a divorce or bankruptcy, the court may require a copy or copies of your tax returns. If you are applying for a mortgage loan, the underwriter will require copies […]
Do you owe income taxes to the Internal Revenue Service (IRS) or State of North Carolina (NCDOR)? If so, you may find that you have an income tax lien filed against you. There are two ways to confirm whether a tax lien has been “perfected” or filed with the Clerk of Court in the county […]
With limited exceptions, most Americans are required to file tax returns with the Internal Revenue Service, and if you work or live in North Carolina, the North Carolina Department of Revenue. If you do not file and pay your taxes on time each year, you will incur penalties and interest on the amount of money […]
There are two types of tax liens: property tax lien and income tax lien. Both liens have an impact on your bankruptcy, but the treatment may be different. The treatment is also dependent upon the type of bankruptcy you file, Chapter 7 bankruptcy or Chapter 13 bankruptcy. In this blog, we will discuss how a […]