Legal Advice for Tax Debt — 65 results
Written by attorney Cer Carson, over 1 year ago.
Discharging Tax Debt in Bankruptcy
So you owe federal income taxes and want to discharge your tax debt in bankruptcy. Generally, you will hear they cannot be discharged in Bankruptcy;... more
Written by attorney Raymond Bulaon, almost 3 years ago.
If you have found yourself in financial hardship, you may believe that you are out of options. However, bankruptcy is not your only choice. Through debt settlement, tax resolution, or... more
Written by attorney Robert Dean, over 2 years ago.
11 U.S.C. 523 lists debts that cannot be discharged in bankruptcy. Tax debts may be dischargeable or nondischargeable (in other words, the debtor will no longer owe the debts) depending on... more
Written by attorney Nathan Carr, over 1 year ago.
Each person has different facts and thus there are many different ways to resolve tax debt.
This guide will go over several of the options available to taxpayers to resolve their tax debt.
Written by attorney Shannon Thatcher, about 2 years ago.
Question: Can the Internal Revenue Service attach life insurance proceeds payable to a specified beneficiary to satisfy a decedents tax debt?
Case Example: When Decedent died, she had an... more
Written by attorney Gerard O'Brien, over 4 years ago.
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... more
Written by attorney Robert Williams, almost 5 years ago.
STEPS 1. The first step is to determine if the tax was properly assessed. Is the tax assessed at the right amount? Do you owe the tax? Is it cost effective to revisit the amount of the tax?... more
Written by attorney Sean Hanley, over 3 years ago.
Debtors typically have to pay taxes on "relieved" debts. "Relieved debts", for the most part, are delinquent debts that the creditor has "forgiven" the debtor from paying (i.e. the creditor... more
Written by attorney Steven Leahy, over 1 year ago.
Bankruptcy in Chicago Should You Consider Bankruptcy as a Solution to Your IRS Tax Problem?
Many people facing a tax problem consider bankruptcy as a solution. But what many dont realize... more
Written by attorney Marques Lipton, 7 months ago.
A common myth tells us that income tax debts cannot be discharged in bankruptcy proceedings. Frequently this is true, however if certain conditions are met, individuals can discharge income... more