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Have you ever heard that filing for bankruptcy can be your answer regarding clearing tax debt? It’s a common misconception that bankruptcy can clear all IRS debt, but sometimes, delinquent taxes can be discharged via bankruptcy. But specific guidelines must be followed and criteria must be met. A tax discharge is the cancellation of the most unsecured tax debts. However, following the Bankruptcy Abuse Prevention and Consumer Protection Act, most tax debts are not dischargeable, including federal tax liens on your property before filing or bankruptcy, fraud penalties, payroll taxes, recent property taxes, and certain employment taxes. Chapter 7 bankruptcy is a relatively quick process that only takes a few months. But it only applies to individuals who have likely acquired little to no equity and don’t have much. To qualify for bankruptcy, a person’s average monthly income over the past six months must be lower than the median income in their home state. WAIT!
MONKEY AROUND THIS SUMMER
Check Out Some of America’s Best Zoos
Summer is one of the best times of the year to travel. Kids are out of school and want to do something fun every weekend, which can be difficult to accommodate if you’ve already exhausted your local options. If you’re looking to travel, you can visit a beach, take in the sights and sounds of an amusement park, or spend some time with animals while visiting a zoo. Nearly every state in our country has a handful of zoos or aquariums, but some stand above the rest.
For tax debt to be dischargeable in Chapter 7 bankruptcy, all of the following conditions must be met:
Here are three of the best zoos you can visit in the U.S.
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Omaha’s Henry Doorly Zoo and Aquarium The Henry Doorly Zoo and Aquarium in Omaha, Nebraska, is consistently ranked as one of the top five zoos in the world. It prides itself on hosting rare, endangered animals you can’t see elsewhere. It has the world’s largest nocturnal exhibit, and one of the major highlights is the Desert Dome, an 84,000-square-foot indoor desert that maintains an authentic desert ecosystem. This is a must-visit for any animal lover in your family. The Bronx Zoo You don’t usually think about seeing exotic animals when you visit New York City, but the Bronx Zoo is one of the best places to view animals in America. Opened in 1899, the Bronx Zoo is responsible for many of the advancements relating to animal captivity. This was one of the first zoos to ditch cages for natural environments and create an animal hospital. With over 6,000 species, there’s an animal for everyone at the Bronx Zoo. The Living Desert Zoo and Gardens While the San Diego Zoo is often boasted as California’s largest and best zoo, another zoo is worth checking out. The Living Desert Zoo and Gardens outside Palm Springs has entertained visitors for decades. There are events at this zoo every day, one of the most popular being the keeper connections and animal encounters, where you get up close and personal with the animals while learning more about their habitats and lifestyles.
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