Getting Rid of Tax Debt with Bankruptcy Can Take Time – Lots of It

Bankruptcy Procedure, Pre-Bankruptcy Planning, Tax Collection Issues, Taxes

Clients often arrive in my office, panicking, with big problems such as unpaid student loans, huge tax or business debts, and creditors filing liens. They want their problems to go away immediately – rightly so because the stress is terrible.  But, for many clients, the only effective strategy is one that will take time.  Often lots of it. Read more »

Tax Authorities and Covid-19

Did You Know?

Filing and paying 2019 tax return: You’re probably already aware that the April 15 deadline has been pushed back to July 15. This means both filing and paying your taxes: late-payment and late-filing penalties don’t start until July 16. Read more »

Life After Bankruptcy for a Small Business Owner

Bankruptcy Aftermath

Jim loves to fly.  It’s how he makes a living.  He leases luxury airplanes and ferries rich people wherever they want to go.  Jim once flew Lee Iacocca someplace and chatted with him for four hours. His former company also performed engine maintenance and other plane repairs. But the company took a financial nosedive when a large client stiffed him for $200,000.Read more »