If you’re newly married (or soon to be married) the last thing on your mind is the effect your marriage has on your tax status. However, spending a little time reviewing the tax pointers in this blog can start your marriage on the right foot (at least from a tax standpoint). A person’s marital status [...] Read more »
Taxes and Bankruptcy
Bankruptcy provides important tax relief. Filing a bankruptcy petition stops IRS collection activity and can also wipe out certain taxes. Once a bankruptcy petition is file, an automatic stay takes effect. The stay is similar to an injunction in a civil case. The IRS is prohibited from pursuing any collection activity while the stay is [...] Read more »
