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Tax Tips if You Are Filing for Bankruptcy

The rapidly declining economy, job losses, and rising medical costs are just a few of the reasons why people may file for bankruptcy as a way to make a fresh start. However, most people who file for bankruptcy don’t realize that their case may be dismissed if they don’t follow the rules and guidelines established by the IRS. 



For example, did you know that the IRS can have your bankruptcy case dismissed if you fail to file any tax return required for the bankruptcy? To learn more about how to stay eligible for bankruptcy and how bankruptcy affects your federal tax debt, take a look at this video from TurboTax.com.

If the IRS is moving to dismiss your bankruptcy case for not filing a tax return, don’t hesitate to contact the experienced bankruptcy attorneys here at Cutler & Associates, Ltd. We can help evaluate your current situation and provide the legal representation you need to get the IRS off your back. To schedule your free consultation, contact our Illinois office at (847) 849-1834. 


More from Chicago Bankruptcy Lawyers – Illinois Bankruptcy: Cutler & Associates, Ltd —- Call Us Today!: Filing for Bankruptcy, Tax Tips for Bankruptcy, Stop Foreclosure Illinois, Illinois Bankruptcy , Bankruptcy in Illinois

Categories: Bankruptcy Blog

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