Tag Archives: IRS

IRS Form 1099C And Bankruptcy

You filed a bankruptcy and you have now received a 1099C from a creditor.  It shows that the debt you had with that creditor is income. Do you have to pay taxes on the amount shown on the 1099C? The … Continue reading

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Myth No. 4: The IRS Will Audit Your Prior Tax Returns If You File For Bankruptcy.

I am unsure how the myth came into existence that the IRS will audit prior tax returns if you file for bankruptcy. This is simply just not true! I have been in practice for 23 years and have never had … Continue reading

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