Navigating the Complicated World of Bankruptcy

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2019

Bankruptcy And Your Tax Returns

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You might be startled at the interest the bankruptcy courts show in your tax filing status. Your income, the taxes you might owe, and other aspects of your tax situation play a role in your bankruptcy in several ways. Read on to learn more. Chapter 7 and Tax Return Status In most cases, the bankruptcy trustee will want to see a copy of your most recent tax return. If you have not yet filed your taxes, be ready with an explanation as to why not.…

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