Sep 20, 2022
Is income tax debt dischargeable in bankruptcy?
Should you file for bankruptcy or work out your taxes separately? Before you make any decision, you need to determine two things.
First, you need to know what type of tax debt it is. Trust fund taxes, payroll taxes, and sales taxes are not dischargeable in bankruptcy.
Sep 20, 2022
A Form 433-A is required if a revenue officer is assigned to your case to determine how much you can pay the IRS every month. It is also used if you are applying for an offer in compromise, a CNC (currently not collectible), or any type of IRS settlement arrangement. The IRS can file a criminal case if you provide false...
Sep 6, 2022
Why do so many professional athletes have tax problems?
We are currently working with NBA players with various tax issues in different states. These professional athletes are challenged with multi-state tax reporting and filing, having to pay taxes in places where they live and where they work. Having all their focus...