Tag Archives: tax refund

How to File Your Taxes Online for Free

Tax season is finally upon us. If you are getting ready to file your taxes without assistance, then you should be aware of several options that allow you to file for free. You could use the IRS’ Free File program if you have an adjusted gross income of $69,000 or less.   Several years ago, the IRS partnered with multiple businesses who offer free digital filing services for certain people. Depending on whether you qualify, you could use free software that helps you file your taxes. Filing Your Taxes With Free Software You can go to the IRS website to find a list of companies who offer free filing services. Keep in mind, each company has different eligibility requirements. Some of the options require that you make $36,000 a year or less. There could be additional requirements, so be sure to carefully research your options.   You might have several…
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Use Your Tax Refund to Eliminate Your Debt!

We want to remind everyone that if you are struggling with debts such as credit cards, medical bills, or facing foreclosure, your tax refund may be the key to a fresh start. Many individuals, families and businesses may have decided that bankruptcy is in their best interest, but they have difficulty putting together the filing fees and attorney fees to file. Good news: tax refunds may be used to pay the filing fees and attorney fees for a Chapter 7 or Chapter 13 bankruptcy in Missouri and Kansas. By filing bankruptcy, you may be able to wipe out and eliminate your debt or save your home from foreclosure. Our experienced Kansas City bankruptcy attorneys provide initial free phone consultations, so people considering bankruptcy can make a decision on whether or not to file based on their specific situation. Fortunately, tax refunds may be used for filing a Chapter 7 or…
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Tax Refunds in Bankruptcy

This is the time of the year when many people are waiting for their tax refund from the IRS with anticipation and plans of how to spend the funds. If you are also thinking about filing for bankruptcy, you need to know that your tax refund is considered an asset that the trustee may take and use to pay off your debtors. The timing of the filing of the bankruptcy may make a difference in whether or not you can keep and spend your refund or lose it to the bankruptcy trustee. Chapter 7 bankruptcy in Kansas If you have filed for bankruptcy and then receive your tax refund, the entire amount of the refund may go to the bankruptcy trustee to be used to pay your creditors. Kansas has had an exemption that has been previously used to exempt a portion of the refund (Earned Income Credit exemption). The…
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