Our Videos

FAQ / What if I file for bankruptcy protection?


Debts discharged through bankruptcy are not considered taxable income. If you are an individual debtor who files for bankruptcy under chapter 7 or 11 of the Bankruptcy Code, a separate “estate” is created consisting of property that belonged to you before the filing date. This bankruptcy estate is a new taxable entity, completely separate from you as an individual taxpayer. Please note, however, that some tax debts are not dischargeable in a bankruptcy action. For more information, see Publication 908, Bankruptcy Tax Guide.

 




Testimonials

Brenna Erford

Thank you SO much for all your help, and your excellent communication throughout this whole proce...
Read More »
John Beacleay

Just wanted to say thanks again for all your help Anton. I mean it's really amazing to me that yo...
Read More »
Niranjan Sujay
I recently used LOGOS INTERNATIONAL for the translation of my bachelor’s certificate, and I couldn’t...
Read More »
Katia Nagata

As a foreigner, I needed a certified translation, so I called the DOE to give me a list of the ce...
Read More »




FAQ

What is e-file for large and mid-size corporations?
Read More »
What type of payments are accepted for apostille processing?
Read More »
What percentage interests in partnership X are individual partners A and B and entities W, Y, Z, and T considered to own for purposes of answering questions 3a and 3b of Form 1065, Schedule B for tax
Read More »
What is K-1 Fiance (e) visa, and how does it work?
Read More »






News

September 2, 26
New VA laws allows adoptee to access original birth certificates as CA considers similar measure
Read More »
August 27, 26
New York woman uses power of attorney to steal nearly $22,000
Read More »
August 21, 26
Indian woman accused of using fake death certificate to defraud mother-in-law
Read More »
August 13, 26
Man who killed family in Kansas had extensive criminal record – report
Read More »