Debtors can discharge their taxes in bankruptcy so long as they meet certain tests: the three-year test, the two-year test, the 240-day test and no fraud. I lay it out Read more »
Tax Debt Non-Dischargeable in Bankruptcy, Except When…
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IRS Processing Times Still Covid-Slow
It’s late April. More than 13 months into the pandemic. Almost 40% of Americans have received at least one Covid vaccine. So, you’d think IRS processing times – which slowed 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 »
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 »
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 »
Bankruptcy Usually Won’t Get Rid of Student Loan Debt
If your student loans went to pay tuition, room & board, or school supplies, then that debt is probably not dischargeable in bankruptcy. Read more »
US Business Starting to See Coronavirus Bankruptcy Surge
According to the New York Times, corporate America is starting to see Covid-19 related bankruptcies on the increase. At Faucher Law, P.C., we still haven’t seen this increase. Note that the New York Times doesn’t give statistics, and it’s only talking about major corporate bankruptcies: chapter 11, not chapter 7. Read more »
What the IRS is Doing Now Under Covid Rules
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 »
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 »
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