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Taxes

Bankruptcy Exception to Paying Income Taxes on Cancelled or Forgiven Debt

Published March 26, 2014 by Sasser Law Firm

When it comes to overwhelming debt, there are options to consider and bankruptcy is just one of those choices. A consultation with a bankruptcy lawyer should not feel like asking a barber whether or not you need a haircut. Depending...

Income Taxes for 2009

Published May 9, 2013 by Sasser Law Firm

After April 15, 2013, debtors owing income tax obligations for tax year 2009 may be subject to discharge and/or be non-priority obligations as long as (1) the tax return was filed more than 2 years prior to the bankruptcy filing,...

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