Absolutely. The filing of bankruptcy does not alter your obligation to report and file taxes, except perhaps to make it more nessasary. The IRS is a creditor, your return is what will be used to determine how much they have a right to file a claim for. If you do not file, they will either determine your tax....(a bad thing)...and file a claim, or you may not relieve the tax in bankruptcy and be liable in the future. Agreeably, you may have losses, and not have a tax or income to pass to the shareholders...but you would have a loss to pass on.
No they never did file for bankruptcy
Yes, the Claremont hotel filed for bankruptcy.
Yes.
Yes.
Bankruptcy is of an individual or a corporation can not distinguish between creditors.
Yes, but you have to provide a copy of your bankruptcy file.
It is when an indivdual (or married couple) file for bankruptcy rather than a business or corporation.
Yes you will need an attorney to file for bankruptcy and deal with the court. As an individual you will not be able to schedule hearings, etc as necessary to do the bankruptcy.
You can file bankruptcy again 7 years after the last time you filed.
Schedule C is to be filed by those who are in business as a sole proprietor. or in business as a single member LLC which has not elected to be taxed as a corporation.
I guess so. My uncle filed for bankruptcy and he's never been to Canada in his life.
No. Federal taxes may not be discharged regardless of which state the bankruptcy is filed.