Filing for bankruptcy can be an intimidating process that brings up many questions. However, one of the areas that is often overlooked is how taxes are impacted by your bankruptcy. What will happen to a tax refund? Do you have to file future taxes? How can bankruptcy affect tax debt?
These questions are important and should be addressed by your tax attorneys in Arizona. Some of the answers depend on whether you’re filing for Chapter 13 or Chapter 7 bankruptcy. Some are the same across the board. The following addresses what you need to know about bankruptcy and taxes.
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Continue Reading Does Filing For Chapter 7 Or Chapter 13 Affect Your Future Tax Filings?
