I've heard some stuff about preferred payments and as I tread along hoping to avoid BK, I want to make sure that I don't get myself in any more hot water...
Specifically, I have an appointment with a CPA this week to go over some tax stuff. Depending on how deductions go, I could end up anywhere from owing $1k to getting a $500 refund. Assuming I owe, that would wipe out the cash I have to get by for the next few months while I try to unload my car. I plan to file at the last minute, and wait for the IRS bill to pay and hope by then my car is gone.
The question is, if I end up filing BK shortly after that is paying my taxes going to cause a problem? Is it better to not pay and go ahead and file? Or what if I can't pay it, should I skip credit card payments to pay my taxes? I don't want to mess with the government, but I also don't want to get in trouble for paying that at the expense of my creditors if I end up filing...
Specifically, I have an appointment with a CPA this week to go over some tax stuff. Depending on how deductions go, I could end up anywhere from owing $1k to getting a $500 refund. Assuming I owe, that would wipe out the cash I have to get by for the next few months while I try to unload my car. I plan to file at the last minute, and wait for the IRS bill to pay and hope by then my car is gone.
The question is, if I end up filing BK shortly after that is paying my taxes going to cause a problem? Is it better to not pay and go ahead and file? Or what if I can't pay it, should I skip credit card payments to pay my taxes? I don't want to mess with the government, but I also don't want to get in trouble for paying that at the expense of my creditors if I end up filing...
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