A debtor’s right to overpayments as of the date that a bankruptcy case is filed becomes property of the estate — even if the debtor elects to apply such overpayments to a future tax return.
In an increasingly global world hastened by rapid technological advances, dishonest taxpayers now have more...
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New ABI President Alane Becket talks with ABI Editor-at-Large Bill Rochelle about the Consumer Commission's Final Report, domestic abuse and bankruptcy and more.
The Tax Cuts and Jobs Act is the largest tax law overhaul since 1986, and trustees, debtors and their professionals should be aware of how these changes might affect bankruptcy estates.
David R. Kuney of Whiteford Taylor Preston talks about the rapidly shifting landscape of the retail world and issues for practitioners to be aware of in handling landlord or tenant rights.
Under 26 USC §7433(e), the IRS's good faith belief that it has a right to collect the purportedly discharged debts is not relevant to determining whether it "willfully violate[d]" the discharge order.
"[...]expect more adversary proceedings about what a debtor “obtained” from a creditor and the amount of information the creditor has about the debtor’s financial condition"
The Tax Cuts and Jobs Act of 2017 may have a significant impact on after-tax cash flow in the years following an emergence from chapter 11.
Idaho Bankruptcy Court recently ruled in In re CVAH Inc. that a trustee can “step into the shoes” of the IRS and utilize the transfer avoidance powers within both the FDCPA and the IRC.
[T]here are a number of provisions that restructuring lawyers should be aware of in the once-in-a-generation tax reform bill signed by President Trump on Dec. 22, 2017.
Not many founders of a new business consider, at the time the new business is founded, the potential U.S. federal income tax consequences to them should the new business fail.
Who's part of this year's class of honorees?
In re DBSI Inc., offers new precedent that swings the balance back toward debtors and general unsecured creditors at the expense of the IRS.
ABI Deputy Executive Director Amy Quackenboss talks with David Cox of Cox Law Group and Elizabeth Gunn of the Office of the Virginia Attorney General about their new consumer book.
Section 727(b) of the Bankruptcy Code provides for the discharge of debts that arose prior to the petition date.
How will changing a government's compensation and benefits approach more efficiently utilize taxpayer resources? And what other low-cost steps can be taken to meet government job requirements?
A recent decision by the Seventh Circuit, purchasers of real property through tax sales conducted by certain states may begin to doubt the benefits of such an investment.
District judge refuses to give automatic stay protection to a tax evader.
There are circumstances when taxpayers should be able to discharge debt from untimely returns.
In an increasingly global world hastened by rapid technological advances, dishonest taxpayers now have more means at their disposal than ever before to evade lawful state taxes.
Puerto Rico judge sides with the Third Circuit by upholding the Anti-Injunction Act in bankruptcy cases.
To help bankruptcy trustees in their administration of asset cases, we offer a high-level view of some common — but complex — tax issues.