Businesses and individuals have additional time to file an administrative claim or bring a civil action for wrongful levy or seizure, according to the Internal Revenue Service. The Tax Cuts and Jobs Act of 2017, the tax reform law enacted in December, extended the time limit for filing an administrative claim and for bringing a [..]
During the pendency of a Chapter 13 bankruptcy, debtors may find that due to circumstances beyond their control, they are no longer able to make the requisite plan payments to the trustee. If plan payments are not made as required, the debtor will find himself the subject of a Motion to Dismiss for Failure to [..]
The IRS has expanded its “Fresh Start” initiative by offering more flexible terms to its Offer-in-Compromise Program. These newest rules enable some financially distressed taxpayers to clear up their tax problems even quicker. An offer-in-compromise (OIC) is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the [..]
One major misconception about bankrutpcy is that tax debts cannot be discharged. While it is true that some tax debts cannot be discharged, it is not true that all tax debts cannot be discharged. In fact, for many individuals, bankruptcy can offer taxpayers tax debt relief to years-old federal and state tax liabilities that they [..]
In most cases you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt. Even if your property is not fully exempt, you will be able to keep it, if you pay its non-exempt value to creditors in chapter 13. However, some of [..]
News of a disturbing trend was brought to the fore this week when it was reported that many potential employers are requiring job applicants to provide them with their Facebook login information as part of the interview process. While not illegal per se, it is, if nothing else, invasive and coercive. For potential employees, not [..]
