Here’s a rundown from the Washington Post. You can pay it, you can submit an electronic return, but you can’t get anyone to answer your calls. Read more »
Blog
Getting Rid of Tax Debt with Bankruptcy Can Take Time – Lots of It
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 »
Hiring a Low-Cost Bankruptcy Attorney Can Be a Big and Costly Mistake
There are lots of bankruptcy attorneys out there. Many of them are downright cheap, charging less than $1,000. I routinely charge three to four times more. How could hiring an “expensive” attorney ever make sense? Remember that old saying: “you get what you pay for?” It’s true. Read more »
Tax Authorities and Covid-19
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 »
Bankruptcy Triggered by Medical Bills
In the past year, there’s been lots of talk– especially by politicians — about millions of personal bankruptcies being triggered by massive medical bills. While this may be true, I’m here to report that I have not had a bankruptcy client whose medical debt topped $100,000. Read more »
Life After Bankruptcy for a Small Business Owner
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 »
The Three Questions You MUST Ask When Hiring A Bankruptcy Attorney
1. WHICH TYPE OF BANKRUPTCY FITS MY SITUATION – A CHAPTER 7 & 13? There are two kinds of bankruptcies for personal (rather than business) debt. Generally, chapter 7 Read more >>
IRS Account Transcript: What the IRS Knows About You
Everything the IRS knows about you exists on a piece of paper called the Account Transcript. I get a client’s transcript when I begin representing them because I need to know what the IRS knows about Read more >>
Who’s Sebastian the Feline Paralegal?
Many recipients of the most recent Faucher Law Newsletter have been clamoring for more information about Sebastian, my paralegal cat and newest employee! Where’d Sebastian Come From? My wife, daughters Read more »
Estate Valuation & the IRS
What if a family member dies and you’re the executor of their estate? In a previous blog post, I addressed how to handle all the paperwork . Today, I talk about how to value Read more »