Zenith Tax Resolution PLLC

The tax responsibilities that come with shutting down a business

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The tax responsibilities that come with shutting down a business | Internal Revenue Service Tax Tip 2021-153, October 18, 2021

Good Debt vs. Bad Debt: What's the Difference?

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What's the Difference Between Good Debt and Bad Debt? Debt is classified as "good" and "bad" based on factors like interest rates and how much value is provided by what you're purchasing.

Can You Keep Some Credit Cards If You Declare Bankruptcy?

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If You Declare Bankruptcy, Can You Keep Some Credit Cards? You typically can't keep credit cards when you declare bankruptcy. However, it's important to learn why, what happens to company cards, and how to rebuild your profile.

6 Steps to Get Out of Debt

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How to Get Control of Your Debt and Finances Are you wondering how to get out of debt? Learn 6 strategies that will help you tackle your debt and take control of your finances.

What Are Nonexempt Assets in a Bankruptcy Case?

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What Are Nonexempt Assets in a Bankruptcy Case? After you file for Chapter 7 bankruptcy, some of your assets may be sold to repay your creditors. These nonexempt assets include second homes, new cars, and jewelry.

All taxpayers have the right to challenge the IRS's position and be heard

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All taxpayers have the right to challenge the IRS’s position and be heard | Internal Revenue Service Tax Tip 2021-129, September 1, 2021