Practical Guide to Resolving Your Client's Tax Liabilities: Tax Code and Bankruptcy Code Remedies (Second Edition)

Benefits and Features

 

Benefits Include:

  • Addresses the rules and strategies to help practitioners advise clients with confidence.
  • Introduces the various solutions available and their advantages and disadvantages.
  • Includes a discussion of federal tax liens and the treatment of the federal tax lien in bankruptcy and explains unsecured bankruptcy Chapter 7 claims focusing on the nine classes of priority claims.
  • Bankruptcy Chapters 11, 13, and 12 are explored in detail as well as dischargeability of tax debt.

 

Explores Tax Remedies, Including:

  • Using the statute of limitations
  • Installment agreements
  • Offers in compromise
  • The innocent spouse rules claim works.

 

A Helpful Section Reviews The Bankruptcy Rules Applicable To The Irs' Claims For:

  • Pre-petition and post-petition tax,
  • Interest and penalties, along with unliquidated claims,
  • Scope of bankruptcy court jurisdiction,
  • The automatic stay,
  • Claim filing by a governmental unit
  • Forcing claim determinations when a claim is not filed and sovereign immunity issues

 

Includes Many Practice Aids, Such As:

  • Sample bankruptcy plans
  • Self-assessment questions to help practitioners understand the concepts,
  • Case study materials
  • Related IRS flowcharts