On Tuesday, the Memphis City Council announced they would put a vote on November’s ballot asking to increase the local sales tax. They also pushed forward the possibility of another referendum for a gasoline tax. It’s not like most of Memphis wants higher taxes. Take the possible gas tax increase: when the Shell station near …
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If you’re struggling with debt, the odds are you may have some back taxes on your record, too. And if you’re considering bankruptcy, you may have heard the myth that you can’t include back taxes in your case. In fact, most income taxes over 3 years old, and most inheritance and estate taxes can all …
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Many taxes can be discharged through bankruptcy, but only in specific circumstances: The due date for filing a tax return has to have been at least 3 years ago. Your return must have been filed at least two years ago. The tax assessment needs to be at least 240 days old. You can’t have committed …
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