It’s that time of the year again when everyone starts thinking about taxes. Maybe you just received your T4, Maybe you are self employed and you know your annual tax nightmare is about to start.
If you are having debt problems, tax time can be especially stressful. Money is short and you know that if you owe taxes you won’t be able to pay. On the other side of that, your expected tax refund just may be enough to allow you to get a handle on your debt problems. Either way there is no reason to delay in filing your taxes.
I meet with people every day that have tax problems, from reassessment, or un-filed taxes, or even from accumulated tax debt that remains unpaid. Many people believe that tax debt can’t be dealt with by bankruptcy or by offering a consumer proposal. This is a common misconception and is not true. A trustee in bankruptcy can help you deal with tax debt.
The first part in dealing with debt is discovering your position. So file your taxes as soon as you can. Once you know where you stand then you may need some help dealing with all your debts including your taxes.
We can help Call 310-PLAN and let’s get started.
