Category Archives: Personal Taxes

Find out more about how your income taxes affect filing for bankruptcy.

Six Ways to Up Your Financial Game in 2019

Millions of people in the U.S. made New Year’s resolutions at the start of the year. Financial responsibility is a popular area of concern for resolution makers, but many people struggle with the follow-through. Finances are technical and at times fragile, and without a solid plan, you are more likely to fall short of your financial goals. 6 Ways to Generally Improve Financial Responsibility The area your resolutions are concerned with will benefit from all-around good financial habits. According to a Fidelity Investments survey, 48 percent of Americans make a resolution to save more, 29 percent want to pay off debt and 15 percent wish to spend less overall. No matter your personal area of concern, here are our best suggestions to help you improve your financial affairs in 2019: Identify your financial goals. Make it a priority to identify your financial goals for the year. Do you need to…
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Finding Free Tax Filing Services in Kansas City

Tax season begins on January 28. If you are worried about the fees associated with filing, you may qualify for free filing services in Kansas City or the surrounding areas. There are also online options to consider. Some of these services allow you to work on your taxes with the assistance of qualified professionals. This blog will discuss possible options for free tax filing services in Kansas City and elsewhere. Finding VITA Locations on the IRS Website Once tax season begins, look for multiple in-person Volunteer Income Tax Assistance (VITA) programs in the Kansas City area. Kansas City normally hosts multiple VITA programs, and you can locate them by using the IRS website. Select your ZIP code and put in the number of miles you are willing to travel for free assistance. You could also consider free filing options with the AARP. The AARP operates tax services at certain Kansas…
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Can I Discharge Income Tax Debt in Bankruptcy?

The 2018 tax filing season ended on April 17. For three-fourths of filers, they received a tax refund from the Department of the Treasury. Not everyone is quite so lucky. Some filers received notices from the IRS that they owe taxes. You could face several consequences if you owe the IRS money and are unable to pay. The IRS could garnish your wages to satisfy the tax debts. In addition, they could also place liens on physical properties or levies on bank accounts. You can discharge many debts by filing for bankruptcy. It is more difficult to discharge tax debts. The good news is that is not impossible. You may be able to discharge tax debts in bankruptcy if you meet all of the following criteria. You have income tax debt. Only income tax debts are dischargeable. You cannot discharge other types of taxes in bankruptcy. The taxes are at…
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