Comments on: Use Bankruptcy To Solve Tax Problems http://www.bankruptcylawnetwork.com/2007/01/29/use-bankruptcy-to-solve-tax-problems/ Real Lawyers, Real Solutions Tue, 10 Nov 2009 16:34:06 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Cathy Moran http://www.bankruptcylawnetwork.com/2007/01/29/use-bankruptcy-to-solve-tax-problems/comment-page-1/#comment-11 Cathy Moran Tue, 30 Jan 2007 04:18:50 +0000 http://www.bankruptcylawnetwork.com/2007/01/29/use-bankruptcy-to-solve-tax-problems/#comment-11 Chapter 13 is a powerful tool in the hands of taxpayer who owes taxes, since it allows the discharge of taxes, for which returns were filed (either on time, or at least two years ago), that are at least three years old, and the payment of newer taxes without interest or penalty over the life of the plan. Sorta like pushing an offer in compromise down the IRS's throat, without the expense of the OIC, and without the post acceptance conditions on future good behavior that come with the OIC. Cathy Moran Chapter 13 is a powerful tool in the hands of taxpayer who owes taxes, since it allows the discharge of taxes, for which returns were filed (either on time, or at least two years ago), that are at least three years old, and the payment of newer taxes without interest or penalty over the life of the plan. Sorta like pushing an offer in compromise down the IRS’s throat, without the expense of the OIC, and without the post acceptance conditions on future good behavior that come with the OIC.

Cathy Moran

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