One more week until Tax Day. Have you filed yours yet? I haven't (probably should aboard that, actually), upkeep I read in USA Today that roughly 47% of Americans won't even have to worry about paying federal income taxes, I start to wonder if I should even bother. Oh sure, there's the threat of prison time for tax evasion, but really, what's the point if half the damn country isn't going invest up and jump off scot-free?
2) Do participating inside your company's retirement plan? If not, not really? Every dollar you contribute could trim your taxable income decrease your taxes to shoe.
You in order to file a tax return for that particular year twenty-four before the bankruptcy. To become eligible to wipe the debt, you need to have filed a tax return for the internal revenue service or State debt you would to discharge at least two years before declaring bankruptcy. Thus, even when the debt is over four years old, should you filed the return late and two years has not passed, then cannot wipe out the Government or State tax your debt.
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