Legal Advice on Business Debts

  1. Dealing with IRS Revenue Officers

    Justin Dain Hein

    If you have tax debt (known as back-tax liability), the IRS may assign your case to a Revenue Officer if one of the following applies: (1) the IRS has been unable to collect the taxes through the... more

  2. Starting a Business: Limited Partnership

    Robert Scott Williams

    Formation. Limited partnerships are formed by two or more individual owners associating to carry on a business for profit, and filing a certificate of limited partnership and affidavit of capital... more

  3. Avoiding Discharge of Indebtedness Income

    Stephen J. Dunn

    Suppose you have negotiated settlements of your credit card debts. Or maybe you have executed a short sale of your house. You are concerned about tax on discharge of indebtedness income. The... more

  4. Foregiveness of Debt Income and Taxes

    Gerard William O'Brien

    Times are hard and many of us have negotiated reductions in the debt we owe which is secured by our homes and even unsecured credit card debt, memberships, dues, purchase prices on already received... more

  5. Secured vs. Unsecured Loans

    Clint Spencer Dunaway

    Unsecured Debt Unsecured debt is debt that is not guaranteed or backed by any collateral. Essentially this means that if you default on an unsecured debt there is nothing that the creditor can take... more

  6. Injured Spouse Relief

    Steven J. Fromm

    Injured Spouse Is Not Legally Obligated To Pay Past Due Amount in Question. To be considered an injured spouse, you must have made and reported tax payments, such as federal income tax withheld from... more

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