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Monthly Archives: January 2011
Are Your Tax Withholdings Correct?
One common issue in a bankruptcy case is whether the person filing bankruptcy will be able to keep their tax refund (many times it’s a refund that they haven’t yet received). Depending on what assets you have and which exemptions … Continue reading
Posted in Bankruptcy Law
Tagged bankruptcy estate, exemptions, IRS, tax refund, withholding
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Bankruptcy and Your Retirement Savings
It is quite common for prospective clients to call my office and tell me that they are considering taking out a loan from their retirement account, or withdrawing money from their retirement account, in order to pay some of their … Continue reading
Posted in Bankruptcy Law
Tagged 401(k), early withdrawal, IRA, loan, tax consequences, tax debt
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