i have a question i need some help with.Is there a tax debt relief for seniors what I mean is I had someone who owes taxes and has been paying a structured payment to the irs for years he was born in 1945 is there an age his debt could be relieved or does he pay till he passes? someone actually told me the debt could be handed down to his son is this true I have no idea. Thank you for any response.
chuckof VA11:59AM March 27, 2013
i am going through a group called consumer rights group to help me with a cedit card debt they say there with attorney law firm called wilhelm law group i was called by a lawyer named Jay Olivor out of Florida are these group for real or is it just a scam and how can i find out if they are legigett.
Patti of WA7:01PM March 21, 2013
Good words and insight. However, I would have enjoyed more details - and explanations of:
-the diffs between any 1099-A received;
-and any 1099-C received;
-and what if they are received in diff years?
-what if a 1099-C is never received?
-the 4681 code seems to say that Bankruptcy 'may' protect you from income repercussions if this and if that...it doesn't seem clear-cut (eg, Chapter 7)
-it appears the Insolvency route only becomes available if/when a true debt cancellation is received (1099-C);
-Does the Bankruptcy protection only extend to the reportable income - and not the capital gains (figured from 1099-A)?
Thanks!
-DJ
DJof WA12:40PM March 24, 2012
You should not do "cash-out refinancing," which increases your debt and, as we have seen in this real estate crisis, could lead to disaster. Only refinance with out cash out, check out "Official Refinance" for more refinance tips
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chuck of VA 11:59AM March 27, 2013
Patti of WA 7:01PM March 21, 2013
DJ of WA 12:40PM March 24, 2012
edithwhiting of TX 5:29AM March 24, 2012