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We are in bankruptcy. Do we have to pay our income taxes that we owe from 2008 or can they be entered into the bankruptcy debt?
Wiki User
∙ 14y ago
Unfortunately, you will have to pay your income taxes from 2008, even after your bankruptcy is finalized. Federal law prohibits income tax debt from being discharged, so you will still owe, but you may find that they stop attempting collection until after your bankruptcy case is complete. You may want to ask your bankruptcy lawyer if he has tax experience so that he can act as your tax lawyer in dealing with the IRS to settle the debts you owe them as well.
Wiki User
∙ 14y ago
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You just filed for bankruptcy and also got your 2008 refund will that be added to income in2009?
I filed my Federal taxes for 2008 and just received a refund and I am in the process of filing bankruptcy this month will that refund be added as income to the bottom line?
Will congress do away with 2008 income taxes?
Uh, no.
Can you include taxes owed from 2008 in a Chapter 7 bankruptcy filled in 2009?
Yes
When can you begin filing 2008 income taxes?
January 1st 2009
Can you include taxes owed from 2007 in a Chapter 12 bankruptcy filed in 2008?
I believe you pretty much have to.
Do you need to file taxes for 2008 if you started working in September of 2008?
no, income taxes between July 1 2008 to June 30 2009 July 1 2009 is when you look at your finances for the last 12 months file taxes after this date...
Is it illegal not to pay income tax?
Yes, you can be fined $$$ and even end up in prison if you don't pay your income taxes. Wesley Snipes was convicted and sentenced to 3 years in prison in 2008 for not paying income taxes. Freedom isn't free. Pay your taxes.
Chapter 13 Bankruptcy filed october 2008 will owe 2500.00 for 2008 in federal tax can this be added?
Probably...at least the amount relative to income made PRIOR to the filing.
Can you file taxes for 2008 in 2010?
Yes you can but it will have to be a paper income tax return and be mailed to the correct IRS address that will be on the last page of the 1040 instruction book that you are using for the 2008 income tax return
How do you file your 2008 taxes with H and R block online?
Prior year income tax returns CAN NOT FILED ONLINE to the IRS. You will have to complete the 2008 income tax return and mail it to the correct IRS address.
What has the author Jeff A Schnepper written?
Jeff A. Schnepper has written: 'The new bankruptcy law' -- subject(s): Bankruptcy 'How to pay zero taxes, 2007' -- subject(s): Income tax, Law and legislation, Personal Finance, Popular works, Tax planning 'How to Pay Zero Taxes (Serial)' 'How to Pay Zero Taxes, 2005 (How to Pay Zero Taxes)' 'How to Pay Zero Taxes 1996' 'How to Pay Zero Taxes' 'The professional handbook of business valuation' -- subject(s): Close corporations, Valuation 'How to Pay Zero Taxes, 2008 (How to Pay Zero Taxes)' -- subject(s): OverDrive, Business, Nonfiction 'How to pay zero taxes' -- subject(s): Periodicals, Tax planning 'How to pay zero taxes, 2009' -- subject(s): Personal Finance, Tax exemption, Law and legislation, Tax planning 'How to Pay Zero Taxes, 1990'
States rely almost equally on which kind of taxes?
"Unlike the federal government, which relies primarily on the income tax, state governments rely almost equally on income taxes and sales taxes" (O'Connor and Sabato, 2008, p. 151). O'Connor, K. and Sabato, L.J. 2008. American government: Continuity and change. New York: Pearson Longman.
