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1 August 2011 Comments Off

Tax-time advantages of a Chapter 7 or Chapter 13 bankruptcy

Sacramento Bankruptcy Attorney serving Roseville discusses possible tax-time advantages of a Chapter 7 or Chapter 13 bankruptcy, as compared to bankruptcy alternatives. Don’t get caught by surprise when the IRS informs you that part of your debts could be considered taxable income. We are all aware that filing a Chapter 7 discharge or Chapter 13  Read More

14 June 2011 Comments Off

Can Bankruptcy Eliminate Tax Debt?

Sacramento Bankruptcy Attorney serving Antelope discusses eliminating tax debt as part of your debt relief plan under a Chapter 7 or Chapter 13 bankruptcy When considering bankruptcy, many people wonder about how it affects federal income taxes owed to the IRS.  Here’s the short answer that covers both Chapter 7 and Chapter 13 bankruptcy: Any  Read More

11 June 2010 Comments Off

A Sacramento Bankruptcy Attorney Considers Results of Ending Tax Year Early

In my role as a bankruptcy attorney with offices in Sacramento, San Francisco, and Santa Clara I am always focused on ensuring that my clients utilize the law to have a maximum effect in their favor. This can be helpful if you have certain assets that are not exempt from the bankruptcy estate. Who May  Read More

10 June 2010 Comments Off

Bankruptcy Lawyer Looks at Bankruptcy and Tax Consequences

When you file for bankruptcy an experienced bankruptcy lawyer understands that there can be tax consequences down the road. Those who come to our Oakland office and other offices in California often have questions specifically regarding taxes, the IRS and filing for bankruptcy. Basics: Chapter 7 When you file for Chapter 7 Bankruptcy there is  Read More

9 June 2010 Comments Off

Tax Debt and Chapter 13 from the Notebook of a Sacramento Bankruptcy Lawyer

When I consul people who seek my advice as a bankruptcy lawyer in the Sacramento area often the subject of the IRS comes up in relation to tax debt and a person’s filing for Chapter 13. There are special concerns when it comes to tax debt and Chapter 13 due to the fact that under  Read More

8 June 2010 Comments Off

A Bankruptcy Lawyer’s Thoughts on Chapter 7 Stays and Taxes

As I tell clients in my Sacramento office, the role of a bankruptcy lawyer is to ensure that each client understands their rights and obligations when it comes to filing. In terms of filing for Chapter 7 Bankruptcy, there can be many benefits when it comes to the IRS and tax debt. Once you file,  Read More

7 June 2010 Comments Off

Bankruptcy Attorney Considers Tax Liens and Chapter 7

In my Sacramento office, I explain to a clients one of the finer points that concerns the discharge of tax debt by the IRS. As a bankruptcy attorney, I’ve found that the paperwork, processes and laws concerning the IRS can be intimidating and often lead to confusion. One area that debtors are often unsure of  Read More

5 June 2010 Comments Off

Bankruptcy Attorney Considers Chapter 7 and Taxes

In my law office in the Oakland Bay Area, I find that many clients are confused about how much tax relief they may actually get by filing for Chapter 7. The first thing that happens after either you or your bankruptcy lawyer has assembled all of your paperwork and your petition for bankruptcy has been  Read More