if a person files bankruptcy in the state of indiana, will they have to report it and get taxed on it?
83530
A bankruptcy usually has no bearing on your tax return, since debts discharged by bankruptcy are not considered income in the way a discharge of debt outside of bankruptcy is.  Unless you have a more complicated return, like one involving a business, it will probably not be a factor.
311610
It really depends on his situation.  If he has a payment schedule and is at least trying to honor it, you should be okay.  You should file income tax seperate though as his will go towards arrears.\n\nIf he's not at least trying to get caught up, they may garrnish his wages, but not yours.  If he's trying but is just having trouble, the courts are usually pretty cool.  I've been in this situation before, I just sent as much towards arrears as I possibly could and kept my nose clean and always contacted the courts when I was struggling with money.
416154
the irs will make a payment arrangement and charge you interest. if the taxes are more than 3 years old, you may be able to file bankruptcy and have them discharged as well as your other debts.
192403
My ex-husband's car was repossesed. Then when he didn't pay off the balance due, they tried to come after me because my name was on the original loan. What a mess. No bankruptcy for me, but I know people in both Florida and California that have worked after filing bankruptcy.
1150801
If they have already contacted you regarding the money, there is no statute of limitations on collecting.  Howefver, they have three years from the date you filed your return to examine your returns.  Once they have done that, they can take their time.  However, if they beleive you have committed fraud, they can audit EVERY tax return you ever filed.\nIf you owe them, you will have to pay.  Bankruptcy won't help since taxes are excluded from debts that get discharged.  Your best bet is to try to work out some payment plan that you can afford.  If they agree to it, DON'T default or they can demand the entire debt to be paid at once.  FYI, state and local taxing authorities make the IRS seem like kittens so don't mess around.
1002772
They would need permission from the Bankruptcy Court to go ahead with foreclosure proceedings, but someone (you) would have had to notify them of the bankruptcy filing before they could be forced to stop.  At that point they could file a motion "for relief from the automatic stay" with the Bankruptcy Court, and because they are a "secured" creditor (they have a lien on the land) they would probably be allowed to be excused from the stay if you were not making payments.
974786
You still need to file, and would be better if you do it before they contact you (and if you had income that was reported, they will eventually, by which time you'll owe even more in interest and penalties.\n\nYou should always file even if you don't have the money to pay.  If you can't pay right away, they'll set up a payment plan, and yes, you'll be charged interest.\n\nYou're not going to be in some kind of major trouble, so don't worry about that.  Just go ahead and file, or contact the IRS and tell them your situation.  If they get your return without a check, they'll contact you to set up a plan to pay.
788689
If I understand your question correctly, you want to know if you will be entitled to a 100% refund of all of the taxes withheld from your paycheck when you file your tax return, because of the bankruptcy.  The answer is NO. Bankruptcy does not erase your tax liability to the IRS.  As others have pointed out, you may owe additional tax on the amount of debt forgiven under the bankruptcy.
144646
In compliance with the IRS the answer to your question is yes, it does have to be reported.  (Retired accountant)
268851
That debt should have been included and discharged in the bankruptcy.\n\nYou need to talk to the lawyer who handled the bankruptcy on your behalf to find out for sure based on how your bankruptcy was handled.
392695
It depends on where you live.  Go to www.irs.gov for the answer.
19330
Your only recourse is with the courts.  If the business filed bankruptcy, you must file a claim for the value of your property.  If not, then take the owners to small claims court.  Either way, you may not see your money for years while your claim is processed.\n\nGood Luck!
634569
Establish an Employer Identification Number (EIN) free from the IRS--check with your local Employment Security Office for information, or online.\n\nThen your business has it's own identifying number, not necessarily tied to your Social Security number which will be flagged by the bankruptcy.\n\nGood luck!
1172391
Some of your answers posted are incorrect.\n\nMost states work off a system similar to the Federal/IRS system.\nThis means you have three years from April 15 of the year following the year you are reporting.\nFor example, you have until April 15, 2008 to file a return for tax year 2004 (originally due on April 15, 2005).  Since most states share electronic information with the IRS, if you are in good standing with them, the state will notify you by letter of any amount due.\nIf they owe -you- money, they will -not- notify you.  You only have three years to claim an amount owed to you.\n\nState penalties for tax avoidance are in most cases much less than Federal penalties.\n\nMost employers automatically withhold the proper amount (within a few dollars) of your state taxes owed.  If you had federal taxes withheld from your check and filed a federal return, you should really not worry about it at all.\n\nIf you are self-employed, or had employees working for your business, it is a whole other story.  You should then consider hiring a tax expert or attorney as in these cases the possibility of severe fines and penalties can be real.\n\nOtherwise, don't worry about the state issue unless they contact you.\n\nI hope this has been helpful.
1103538
None.  If they have insurance then the insurance company has duties to fulfill for you.  If your employer has no insurance, then you might be able to get something from them in court.  However, if you sue for too much they can claim bankruptcy and you're left with nothing, except your damaged noggin.
121276
If this is the only credit problem you have AND it is owed on this years (2005) taxes then yes. If it has already been classified as delinquent and reported as such then no, probably not.
647921
Yes, you can file for bankruptcy.\nYou will still have to pay the court judgment and according to the new bankruptcy laws probably all of your other debt but it might stop some interest charges and late payment fees.\n\nYou should consult an attorney obviously I do not know what state you live in and the details of your case.