Can You Still Get a Passport If You Owe Taxes? Understanding IRS Passport Denial and Revocation
If you owe taxes to the IRS, you may wonder whether you can still apply for or renew your passport. The answer isn’t always straightforward – unpaid taxes can have serious consequences, including possibly having your passport denied or revoked. The IRS works closely with the U.S. State Department to enforce tax laws, especially in…
When Are Extended Taxes Due? Key Deadlines for 2024
As we move into the final quarter of the year, taxpayers who filed for extensions earlier in 2024—and those who didn’t—need to be aware of critical upcoming deadlines. If you didn’t file your taxes by the April deadline or forgot to request an extension, don’t worry—you still have options. This guide covers the key extended…
Will I Lose My Tax Refund if I File Chapter 7?
Filing for bankruptcy can be complex, especially regarding your tax refund. If you’re considering Chapter 7 bankruptcy, you might wonder what will happen to that much-needed tax refund. Let’s go ahead and dive into the details and explore your options. When you file for Chapter 7 bankruptcy, a court-appointed trustee distributes your non-exempt assets to…
How to Discharge Tax Debt Explained By Ex-IRS Attorneys
Our tax bankruptcy attorneys are experts in taxing agency practice and procedure and the interrelationship between federal and state tax laws and the US Bankruptcy Code. In each case, they prepare a comprehensive Tax Dischargeability Report, reviewing and analyzing each tax claim and all events related to that tax claim. This allows us to achieve…
All About Filing Bankruptcy on State Tax Debt
The US Bankruptcy Code does not differentiate between Federal and state tax claims. Instead, the nature and type of tax claim dictate its treatment in a bankruptcy case. We will outline the terms in which state income and other state taxes are assessed, within this article. For state income tax claims, these rules apply: State…
All About Including IRS Debt in Chapter 7 Bankruptcy
Before considering Chapter 7 as a means of wiping out your tax debt, you must review each tax claim with a qualified Tax-Bankruptcy attorney. The last thing you want to do is file a bankruptcy and later discover that your tax debt was not eliminated. If done right, the bankruptcy filing can be an effective…
The IRS is Modernizing – What to expect?
The Internal Revenue Service recently receive a much needed infusion to the tune of nearly $80 billion dollars under the Inflation Reduction Act (IRA) and earmarked nearly 5 billion of that amount for “business systems modernization.” With these funds, it is expected that the IRS will expand its digital services, hopefully beyond their current Taxpayer…
2022-2023 Guidance Priority List
The Treasury Department’s Office of Tax Policy released the 2022-23 Guidance Priority List recommending application of the agency’s funds for the one year period beginning July, 2022. This list “focuses resources on guidance items that are most important to taxpayers and tax administration,” including 26 specific projects under the header “tax administration.” In addition, on…
