by Mark J. Markus | Apr 6, 2017 | tax issues, taxes
It is tax season. My clients (and myself) are trying to find ways to pay the taxes that they owe to the IRS and State Franchise Tax Board. Paying your taxes with a credit card may seem like a good idea. And in some cases it may indeed be a clever way to deal with the...
by Mark J. Markus | Sep 28, 2016 | Bankruptcy Law, tax issues, taxes
Tax Returns Must Be Filed In Order To Be Discharged In A Bankruptcy Case Income tax debts can be discharged in bankruptcy. But not all of them. There are rules. Lots of them. One of the rules is that the taxes must be at least 3 years old. This is measured from the...
by Mark J. Markus | Mar 22, 2015 | Bankruptcy Law, tax issues, taxes
You can eliminate (discharge) sales tax obligations in bankruptcy if certain criteria are met. In California, sellers are required to pay sales taxes to the State Board of Equalization (“SBOE”) now the California Department of Tax and Fee Administration...
by Mark J. Markus | Feb 22, 2015 | Bankruptcy Law, tax issues, taxes
ALWAYS FILE YOUR TAX RETURNS ON TIME, even if you cannot pay the taxes you owe. Those of you who read my posts know that certain tax debts are dischargeable in bankruptcy. The basic (but definitely not all) requirements for discharge of income taxes are: The...
by Mark J. Markus | Oct 8, 2014 | Bankruptcy Law, debt consolidation, tax issues
Bankruptcy and Non-Bankruptcy Alternatives For Different Types of Debts There are many different kinds of debts and bills. There are mortgage, credit card, taxes, student loans, payday loans, alimony, child support, as well as debts that might come from negligence or...
by Mark J. Markus | Mar 4, 2013 | Bankruptcy Law, new bankruptcy laws, tax issues
Income Taxes Can Be Discharged in Bankruptcy In case you didn’t know, income taxes are dischargeable (meaning, having the obligation to pay eliminated) in bankruptcy if they meet certain requirements (which you can see by visiting the link at the beginning of...
