When all else fails – or even if all else does not fail – Chapter 7 bankruptcy can be an excellent option to take old IRS problems out of your life. Yes, bankruptcy can eliminate...
Read PostCategory: Bankruptcy - Chapter 7, Bankruptcy and the IRS, IRS Collection Problems
Chapter 7 is for you if you do not have any money left at the end of the month to repay your creditors. It is designed to give you a fresh start from honest mistakes...
Read PostCategory: Bankruptcy - Chapter 13, Bankruptcy - Chapter 7, Bankruptcy and the IRS, Cincinnati
If you are having trouble convincing the IRS to release a levy or seizure of your property, bankruptcy may be the solution. The filing of a bankruptcy creates what is known as an automatic stay...
Read PostCategory: Bankruptcy - Chapter 13, Bankruptcy - Chapter 7, Bankruptcy and the IRS, IRS levies and property seizures
Trying to repay the IRS in an installment agreement can be difficult. The interest and penalties the IRS charges doubles the original amount of tax you owe every five years. Your installment agreement may keep...
Read PostCategory: Bankruptcy - Chapter 13, Bankruptcy and the IRS, Installment agreements, Interest and penalties
I do alot of IRS and bankruptcy work for my clients, and receive many questions about it works. Bankruptcy is a valuable tool to eliminate IRS liabilities. To help in understanding taxes and bankruptcy, I thought...
Read PostCategory: Bankruptcy - Chapter 13, Bankruptcy - Chapter 7, Bankruptcy and the IRS, Currently Not Collectible
I hear this often when I suggest bankruptcy as a source of resolution. I heard it again today during a telephone conversation with a new client. Here is what I explained to the client: Under the bankruptcy code,...
Read PostCategory: Bankruptcy - Chapter 13, Bankruptcy - Chapter 7, Bankruptcy and the IRS, IRS Audits, Substitute returns, Trust fund recovery penalty, Unfiled returns