412-920-6565

IRS Trust Fund Recovery Debacle

IRS Trust Fund recovery penalties pertain to the payroll taxes withheld by an employer, and which are supposed to be paid over to the IRS regularly. These taxes are onerous, because they are not discharged in a bankruptcy filing, for example. Moreover, the IRS takes aggressive...
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How to Approach the IRS about Your Tax Debts

Here first is a cautionary tale on how not to fight the IRS on the matter of tax debts.  That would be the story of tax protestors, Ed and Elaine Brown from New Hampshire.   They are now residing in rent-free housing provided for by the U.S. Government.  It’s just not the...
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Got IRS Debts? Why You Should Fix Your Student Loans First

If you have IRS income tax debts, you should consider working out a repayment plans for your Federal student loan debts first. Fresh Start Initiative In 2012, the IRS issued another phase of its well-known “Fresh Start Initiative” which, among other things,...
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Can You Get a Student Loan After Bankruptcy?

Need to get a student loan after a bankruptcy filing?  For those considering a bankruptcy case filing, this is a big question.  Will they be eligible to get a student loan after filing for bankruptcy?  The answer is:  it all depends on what you’re looking for.  ...
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IRS Offer in Compromise–10 Questions about Settling Your IRS Tax Debt

1)   Are IRS Tax Settlements legitimate?  Why would the IRS ever agree to a reduced payment on IRS debts?   ANSWER:  Because the IRS makes money on the program!  For example, in 2012, it received over $175 million in payments from taxpayers in the Offer in Compromise Program...
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Bank of America is Hated–It’s Official!

I just finished reading this article from Mother Jones which outlines the 10 most hated banks in America, according to complaints received by the Consumer Finance Protection Bureau from 2011 to 2014.   Ah ha, the winner is Bank of America.  And Bank of America is hated by a good...
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What is IRS Tax Relief?

If you owe IRS tax debts, you probably see and hear a ton of advertisements concerning IRS tax relief.   What exactly does this mean, and what are the specific types of IRS tax relief? Offer in Compromise The first type that people think of is settling IRS tax debts. This is...
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3 Questions to Ask if You’re Filing a Bankruptcy Case

There are 3 questions to ask if you’re thinking about filing a bankruptcy case. Preferential Payments and Transfers First, is your case going to be approved by the Court? As an attorney, I want to know if clients have engaged in any questionable practices in the recent...
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Getting a Mortgage After Bankruptcy Discharge–One Person’s Story

A recent client just called me today about her efforts to get a new mortgage after her bankruptcy discharge was granted.  She and her husband had about $35,000 in credit card debt that they wiped out with a Chapter 7 bankruptcy filing.   They filed their case in April 2011 and...
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