Congress was getting bombarded with people saying that the IRS was treating them terribly, so they did something about it.

Even though the IRS still has a bad reputation with a lot of people, it is still considerably much easier to deal with than it was just a few years ago.  The IRS was actually forced [...]

When a debtor files for Chapter 13 bankruptcy, he/she can choose to have the repayment amount automatically deducted from their paycheck. The bankruptcy deduction can be has high as you prefer or as low as you prefer as long as it covers the amount you agreed to pay in the bankruptcy plan. There is [...]

Let’s roll back the clock a bit. Assume it is 2003, and you are in the middle of filing your taxes. You realize that, for one reason or another, you did not pay enough in taxes for that year. Instead of getting a nice refund, you now owe Uncle Sam a sum of money that [...]

Most people have at least passing knowledge of wage garnishment–the process of deducting money from an employee’s monetary compensation (including salary) as a result of a court order.  Fortunately for those who find themselves in the unfortunate position of having their wages garnished, these payments are limited by federal law to 25 percent of the [...]

In the Chapter 13 bankruptcy case of (Halverson, Michael; In re), the bankruptcy court ruled that the Chapter 13 debtor’s bankruptcy estate was entitled to half of the joint income tax refunds received by the debtor and his nonfiling wife.
The details of the bankruptcy case:
“The Massachusetts Department of Revenue (MDOR) filed a proof of claim [...]

Financial progress after bankruptcy doesn’t have to.
He giveth and he taketh.  Over the last couple of weeks, almost every news channel featured the new cash for clunkers program explaining the details of the program incentive.  The hope was the program would stimulate new cars sales and reduce the number of gas guzzlers on the road.  [...]

In the bankruptcy case (Laroche, Wayne W. and April J.; In re), the bankruptcy court ruled that debtors filing bankruptcy must disclose their tax refund even if it is only an estimate based on previous years.
The details of the bankruptcy case:
In the Chapter 7 bankruptcy case the debtors failed to disclose their estimated 2008 tax [...]

In the bankruptcy case of Martin, Renee M.; In re, 19 CBN 870 (Bankr. N.D. Tex. 2009) the bankruptcy court ruled that the bankruptcy trustee must return the balance of a joint tax refund to the non-filing spouse.
The details of the bankruptcy case:
“The debtor filed for Chapter 13 relief on Dec. 31, 2008. The debtor’s [...]

According to an article in the Star-Telegram, the IRS is considering new rules that require tax preparers to be licensed in hopes of reducing fraud and tax preparation errors.
The article quoted IRS Commissioner Doug Shulman:
Shulman said he wants better leverage to make sure tax preparers act ethically, not only to improve enforcement, but to ensure [...]

Debtors with delinquent tax debt often worry about IRS tax liens during bankruptcy. Here are a few facts about tax liens and bankruptcy:
1.    Tax liens survive the bankruptcy discharge.
2.    The tax liens that survive the bankruptcy discharge only apply to pre-bankruptcy property.
For example, if a debtor filing for bankruptcy has a tax lien on an [...]

According to an article in the Star-Telegram, Congress made permanent a tax law that allows Texas residents to deduct state and local sales taxes from their federal income tax returns.
The article said:In 2004, Congress approved the provision allowing taxpayers who itemize to deduct either their state income tax or their state and local sales [...]

According to an article in the Dallas Morning News, property tax revenues are set to plummet for 2009 as home values tank.
The article said:
About 92 percent of all residential properties will either fall in value or remain the same, said Ken Nolan, the county’s chief appraiser.
Foreclosures, a decline in building permits and rising office [...]