When filing a bankruptcy, one question you will hear quite often is “what is the tax value of your property?” When looking at property in a bankruptcy, whether the property is a residence, house, land or condo, the Courts tend to use the “tax value” when determining the value of the property unless there is a more […]
How do I get the Tax Value Changed on my House?
Every year at tax time we get calls from our clients who say, “I just got a 1099C from a creditor for a loan that was discharged in my bankruptcy! What do I do now? Do I have to report it as taxable income to the IRS?” When a creditor charges off a debt as […]