Sentences with phrase «old income tax debt»

A job loss, a divorce, outstanding student loans or old income tax debt can seriously impact our credit score for many years.

Examples of the types of debts that are commonly eliminated in bankruptcy include credit cards, signature loans, medical bills, utility bills, old income tax debts, and deficiencies owed due to the loss or repossession of property.

Not exact matches

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The bankruptcy fully discharges the shortfall as a (now) unsecured debt, just like all other debts dischargeable in bankruptcy: credit cards, unsecured lines of credit, income tax arrears, older student loans, etc..

Your typical income tax debts can be discharged in bankruptcy if the taxes are old enough.

Federal income tax debt may be discharged if it is more than three years old, was filed more than two years before the filing and the debtor didn't file a fraudulent tax return or try to avoid paying taxes.

Income tax debts that are old enough can be discharged.)

In some cases, if you have income tax debt that is old enough to be considered a nonpriority tax obligation, it can be discharged.

Many 48 year olds have numerous needs to cover, including mortgage debt, final expenses, future college expenses for their children, income replacement, and future estate taxes.