Orlando, FL, February 05, 2013, 2:36 pm -- /EPR NETWORK/ -- Free Tax Preparation Services — Today Rick Baker, Orlando Consumer Lawyer announced a new program allowing customers to use their tax refunds to file for bankruptcy. Some Orlando consumers are unaware that they can use their tax refunds to file a Bankruptcy case. Rick Baker is offering free 1040 tax return preparation when fees are deducted from the refund toward filing a bankruptcy case.
Now is the perfect time to resolve debt and mortgage issues and Rick Baker, Orlando Consumer Lawyer is here to help. Many of our clients who need bankruptcy protection and relief don't know that it is allowable to use their tax refunds to fund the cost of filing their bankruptcy case. Here is the truth about tax refunds and bankruptcy.
How Does Bankruptcy Impact Tax Refunds?
Many people contemplating filing for Bankruptcy want to know what happens to their tax refunds. It depends on when the case is filed. At this time of year there are two ways to play it:
Option #1 is to file a 1040 tax return as soon as possible, and then use the refund on the cost of filing a bankruptcy case and/or other necessary living expenses (not on debts or paying back friends and family). Many Orlando consumers need their tax refunds to file their cases and get debt relief. Orlando Bankruptcy Trustees understand this and do allow it.
Option #2 is to file a case and exempt the refund if the case has enough room to also exempt all other assets. The problem with option #2 is that it uses up exemptions that the consumer could use to keep other assets and it only works if they can fully exempt the tax refund and still have other assets protected (exempt) as well. Rick Baker, Orlando Consumer Lawyer determines this on a case-by-case with each client, based on their situation.
Free Tax Preparation Offer
For a limited time, Rick Baker has partnered with the CPAs at YOUNG & HAAS to prepare consumers' Tax Returns (1040) FREE OF CHARGE, provided that the bankruptcy case fees and costs for the case are deducted from the tax refund. We are offering FREE Tax Return preparation, allowing Orlando consumers to receive a refund within one week! Orlando Consumers needing help with their debts and mortgage can contact Rick Baker, Orlando Consumer Lawyer today for FREE TAX RETURN PREPARATION when the refund is used to file a bankruptcy case. “We will fast track your case and get things moving. I look forward to helping many Orlando consumers through this process and making 2013 the year of the Fresh Start!” said Rick Baker, Orlando Consumer Lawyer.
Founded in 1993, Rick Baker, Orlando Consumer Lawyer is Central Florida's leader in bankruptcy law. The company serves the Central Florida and seven-county Orlando area, including the cities of Sanford, Lakeland, Lady Lake, Kissimmee, Maitland, Lake Mary, Oviedo, Winter Garden, Winter Park, Windermere, Lake Nona, Apopka, Mount Dora, Winter Springs, Longwood, Orlando, Melbourne, Titusville, Cape Canaveral, Daytona Beach and New Smyrna Beach, and the counties of Orange, Seminole, Lake, Polk, Brevard, Volusia and Osceola.
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