Clients often ask whether they can keep a treasured possession, like a 1968 Camaro, out of their bankruptcy? Technically, no. What Can I Keep? When filing bankruptcy, Read more >>
September 6, 2019
Which Possessions Will I Lose in Bankruptcy?
Author: admin@faucherlaw
When Is An Offer In Compromise Advisable?
I don’t like offers in compromise as a way to get rid of tax debt. The process is cumbersome, expensive, and arbitrary. There are better ways to deal with tax debt. Read more >>
August 28, 2019
Huge Foreclosure in Los Angeles
Being ultra-rich doesn’t insulate you from the bottom-feeding world of foreclosure and bankruptcy. Just ask Suzan Hughes, the widow of Herbalife’s founder, Mark Hughes. Read more >>
August 23, 2019
California FTB’s over-reaching definition of “doing business in California”
If it even brushes against California, the state government wants to tax it… Read more >>
August 15, 2019
Tax Liens versus Levies
What’s a tax lien? A tax levy? The short answer: it’s how the IRS forces non-taxpayers to become taxpayers. What’s the difference between them? Read more >>
August 6, 2019
Asset Protection Gone Horribly Wrong
“Asset Protection” means taking steps to keep people who are suing you for money owed, from taking your money or house. I had a house-flipper client who successfully protected a house a while ago, only to have the IRS come after it recently. Read more >>
July 30, 2019
How To Respond To An IRS Notice
A recent client walked in with 15 unopened envelopes from the IRS. Even though he’d been collecting the notices for a year, he only sought help when the IRS levied on one of his bank accounts. Read more >>
April 8, 2019
Beware Ads Promising To Get Rid Of IRS Tax Debt
“We Can Lower Your Tax Debt by 50, 70 Even 90 Percent!!!”
Ads like this are highly misleading. I have many clients who go first to the hucksters pedaling such false promises, and then come to me when it’s clear they won’t get anything for the money they paid these creeps. Read more >>
Chapter 12 Bankruptcy & Judicial Foreclosure
An investor was trying to collect on a note, and called me to help him out: he and a bunch of strangers had loaned $600,000 to a fellow living in the outskirts of Cambria, California. The fellow Read more >>
February 25, 2019
Harsh IRS Treatment if You Owe More Than $100,000
The IRS treats taxpayers who owe more than $100,000 very differently than it does those who owe less than $100,000. If you owe more, the IRS expects immediate payment. It also uses harsh collection measures and makes invasive financial information demands. If you owe less, then you get up to five years to pay what you owe, and the process is relatively easy. Read more >>
October 9, 2018