Bankruptcy Blog - Taxes
At Oliveros & O’Brien we are at the leading edge of bankruptcy law and practice. Michael O'Brien is one of only three attorneys in the State of Oregon who is Board Certified as a Consumer Bankruptcy Specialist by the American Board of Certification. He is a frequent speaker at seminars for other attorneys on bankruptcy issues.
We also believe in giving our website visitors and our clients the opportunity to get current, accurate, and practical information about bankruptcy and financial matters. So every week on Monday morning we publish a blog. Their titles and short summaries are listed below, with the most recent one on top. Click on the “More...“ after each one to read the whole blog. Also, if you want to see all of our blogs in a certain catagory, just click on the appropriate one in the column to the right.
Alleviating the Burden of Business Tax Debts through Bankruptcy—Part 2
February 8, 2010 by Oliveros & O'Brien, P.C.
When a business goes out of business, its owners can be left owing many of the tax debts of that business. Have you recently shut down a business and are concerned about whether you are personally liable on any of the taxes of the business? Or have you been closely involved in the finances of a business in which you were NOT an owner, and that business was shut down and still owes taxes? Finally, are you considering shutting down your business but need to know how to deal with its remaining tax debts?
Alleviating the Burden of Business Tax Debts through Bankruptcy—Part 1
February 1, 2010 by Oliveros & O'Brien, P.C.
Just about every struggling business has tax problems. When expenses are very tight, it is very tempting for a small business with a few employees to withhold payroll taxes but then not pay them over to the IRS and the Oregon Department of Revenue. Sole proprietors barely scraping by can’t scrape up the money to make their personal estimated income tax payments each quarter. Then these tax debts grow out of control quickly. Because of the extraordinary collection powers of the IRS and the state, tax debts are often the most immediate and frightening challenge for a business owner trying to figure out what to do.
Bringing Sanity to Your Tax Debts through the Power of Chapter 13
August 10, 2009 by Oliveros & O'Brien, P.C.
A Chapter 13 plan provides you with many powerful tools to write off and reduce your personal income tax debt load. It can often turn what seems like an impossible situation into a very manageable one.
In: Chapter 13 Taxes