California just became a much more debtor-friendly state. Specifically, most people filing chapter 7 personal bankruptcy no longer risk losing a house in which they have substantial equity. On September 18th, Governor Read more »
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Reynolds & Reynolds CEO Charged With Hiding $2 Billion from IRS – Biggest U.S. Tax Evasion Ever
I saw this article originally in the Wall Street Journal, front page. But, I’m posting from the New York Times, because it’s not behind a paywall. $2 billion in hidden income? C’mon Robert Brockman – Read more »
IRS Audit Challenge – Tax Bill of $203,000 Owed Reduced to $1,500 for Santa Barbara County Wine Merchant
A merchant who buys and sells wines through an LLC that shows up as a Schedule C business on his personal tax return was recently audited. The IRS claimed he Read more »
“Preferential” Repayments to Creditors Before Bankruptcy: the Case of Family Members
Many of my bankruptcy clients want to know what will happen if they repay a family member before filing bankruptcy. It’s an important and common question I just faced. My Read more »
Sebastian the Paralegal Recommends John’s Tax and Bankruptcy Law Blog
Hi, Sebastian the Feline Paralegal here. “The boss” John, tax and bankruptcy lawyer, says my blog’s not web-ready yet, which I think is ridiculous…see my tired paws??? But while I plead my case, feel Read more »
Which Tax Authorities Touch Californians?
The U.S. federal and California state governments fund their activities by imposing and collecting taxes on various transactions. These include the receipt of income, payment of employees, sale of goods Read more »
Why Choose Faucher Law?
Here’s a summary of how I practice law and what I promise my clients. Note: the first letters of each paragraph form my last name, Faucher. Focus I don’t have Read more »
IRS Mail Backlog, and US Government
Like so many businesses, the IRS shut down most of its operations during the early months of the pandemic, returning to full work only in early July. It now has Read more »
Tax and Bankruptcy Lawyer John Faucher – Did You Know….?
Faucher Family Farms Tax and Bankruptcy lawyer John Faucher is also an intrepid chicken farmer. The flock of Faucher Family Farms has ranged from six to sixteen hens (no roosters Read more »
Why Are 2020 Bankruptcies Down, Not Up?
Bankruptcy filings have declined nationwide this year – a counterintuitive trend given the economic gut punch from the Covid-19 pandemic. In the Central District of California, which includes much of Los Angeles, Ventura and Santa Barbara counties, there have been only 18,381 bankruptcy filings so far this year. Read more »