Case study-bankruptcy case


Bankruptcy case

Your client has filed tax returns for the years 2011, 2010, 2009,2008. He owes $15, 000, 20,000, 25,000 and 50,000. He has not filed 2012 and 2013 tax returns. He made 35,000 from wages in 2012 and 40,000 in 2013, is married with two children. Income tax withheld from 2012 and 2013 wages are 3,500 and 4000, His wife does not work. He also owes $25,000 to credit cards. He owns 2002 Chevy which takes him to work. What are his options?

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