Tag Archives: income tax debt
Can Bankruptcy Wipe Tax Debt Clean?
Grammy-winning singer Dionne Warwick recently filed for bankruptcy in New Jersey, her home state. The singer cites her more than $10.7 million in federal and California tax debt as the reason for bankruptcy. The debt includes substantial penalties and interest that accrued on the back taxes. Although Warwick reports an income of $20,950 a month, […]
