Question: I successfully filed for personal bankruptcy protection in 2025 under Chapter 7 to get out from under an overwhelming amount of credit card debt and back taxes created during the COVID years ...

・Starting January 1, 2026, forgiven federal or private student-loan balances may once again be considered taxable income. ・If forgiveness occurs in 2026 or later, you’ll likely receive Form 1099-C ...

The IRS generally has 10 years to collect unpaid tax debt from the date it was assessed. Ignoring tax debt can lead to growing interest and penalties, significantly increasing the amount owed. Acting ...