Taxes

New Jersey Attorney Explains The Tax Process Of A Chapter 13 Case I have written extensively in other blogs about how to determine the amount of a debtor’s tax debt, the portion of the tax debt that is dischargeable and the amount that must be paid through a New Jersey chapter 13 bankruptcy plan. … [Read more...] about The Tax Process In A New Jersey Chapter 13 Bankruptcy Case.

New Jersey Bankruptcy Lawyer Explains How to Reduce Tax Liens In Bankruptcy I have drafted numerous blogs explaining how tax debt is treated in a New Jersey bankruptcy case. This blog deals with how income tax debt may be partially eliminated, in the event that the taxing entity has filed a lien … [Read more...] about Can You Reduce Tax Liens In A New Jersey Bankruptcy?

New Jersey Attorney Details How Tax Returns Are Handled In A Chapter 13 All tax returns must be filed to proceed with a chapter 13 bankruptcy case. If any return is not filed, the trustee may possibly dismiss the case at the Confirmation Hearing. A case dismissal means that the case is thrown out. … [Read more...] about How Are Tax Returns Handled In A New Jersey Chapter 13 Case?

This Blog deals with the requirement of filing state and federal income tax returns, not whether any taxes are dischargeable. Chapter 13 tax return filing requirements In a chapter 13, the debtor is required to have filed any and all state and federal tax returns that were required to have been … [Read more...] about Required Filing Of Tax Returns

While in a Chapter 13, you are making monthly payments to a bankruptcy trustee. You pay your creditors whatever you can afford over three to five years (three years for lower income earners, five years for higher wage earners). You are required to commit your disposable income to the repayment plan … [Read more...] about Can I Keep My New Jersey Tax Refund If I Am In Bankruptcy?