Archive for the ‘Income Tax Refund’ Category

HEIGHTENED REVIEW OF INCOME TAX RETURNS IN CONSUMER BANKRUPTCY CASES

Since the Bankruptcy Reform of 2005, additional requirements were imposed upon consumer debtors who filed chapter 7 or Chapter 13 bankruptcy. One of those requirements is that debtors must provide their most recent income tax returns to the bankruptcy trustee, …

Who Can Seize Your Income Tax Refund?

This is a frequent question at this time of the year, when financially distressed taxpayers are confronted with a variety of collection efforts.  While many creditors will threaten “seizure” of an income tax refund, there are usually only a privileged …

Prioritizing Debt Repayment from Your Income Tax Refund

This is the time of year when many consumer taxpayers are receiving their income tax refunds.  While some of that money may be earmarked for special purposes – such as a vacation, large retail purchase or home improvements – many …