Category Archives: Bankruptcy

Can the IRS take away your Social Security check?

Is social security exempt from an IRS levy or garnishment?  The short answer is no, the IRS is allowed to take away your social security if you fall behind on your payments to the IRS. The rules are laid out … Continue reading

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IRS rules for an offer in compromise

If you listen to TV or radio you’ve probably been inundated with offers to, “settle with the IRS for pennies on the dollar!”.  I’m pretty sure that at least 75% of our tax problem clients mention those ads. I’ve got … Continue reading

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How Section 1398 (d) of The Internal Revenue Code Can Save A Home

This is the fact situation:  taxpayer and his spouse own a home with $30,000 in equity.  They owe $40,000 in unsecure debt such as Visa, MasterCard, J.C. Penny Co. and personal loans.  They have a judgment against them in the … Continue reading

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Don’t Hide Assets in your Bankruptcy

Since we’ve been providing bankruptcy advice for the Palm Desert and Indio area for over twenty years, we’ve seen and heard quite a bit.  One issue that doesn’t shock us is the number of clients who ask if they can … Continue reading

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