Getting Rid Of Tax Debts In Bankruptcy: Difference between revisions

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Revision as of 01:56, 12 November 2024

Note: This writer is not CPA or tax qualified. This article is for general information purposes, and needs to not be construed as tax points. Readers are strongly encouraged to consult their tax professional regarding their personal tax situation.

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Julie's total exclusion is $94,079. For my child American expat tax return she also gets declare a personal exemption ($3,650) and standard deduction ($5,700). Thus, her taxable income is negative. She owes no U.S. duty.

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Late Returns - If you filed your tax returns late, can you still purge the tax arrears? Yes, but only after two years have passed since you filed the return one IRS. This requirement often is where people come across problems when attempting to discharge their fiscal.

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