Category Archives: Personal Taxes

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

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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What are Smart Ways to Spend a Tax Refund?

The IRS officially launched tax season on January 29. You can file your tax return and possibly receive a refund. According to IRS statistics, the average tax refund was $2,782 in 2017. For many of us who receive refunds, it can be tempting to spend it on something we want and not something we need. There are smart ways to spend your refund even if it is smaller than what you were expecting. Save for an emergency: A recent survey published by Bankrate.com, a personal finance website, found only 39 percent of Americans could cover a $1,000 emergency. You could save your tax refund to pay for medical bills or rent after a job loss. These are just two examples of emergencies that could cost more than $1,000. Pay off your debts: You could use your tax refund to pay off student loans or credit cards with high interest rates….
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