Free Info – Killer Bankruptcy
IRS Bankruptcy - Free Info
The secrets are already listed on the topic pages of the site or under the “free advice” tab.
One Secret here is that most bankruptcies filed because of IRS taxes are not necessary. When they are done, they are done in a sloppy manner. Let me explain… Filing a bankruptcy on a corporation to save IRS taxes (not for other creditor protection) is usually a waste of time and money. If a corporation is insolvent the IRS can’t get anything from it anyway. The sloppy part is that most bankruptcy attorneys I’ve come across, wait for the IRS to fill out the “proof of claim” to determine the periods and amounts owed. Often the IRS leaves out periods/years and then collects them outside the scope of the bankruptcy . The bankruptcy only protects you for the periods that are included in the petition or amendment. More about this on my bankruptcy page.
The secret relation to a personal bankruptcy is to make sure that the records of account are pulled for each period/year owed. You must make sure all periods meet the qualification tests for discharge, and that they are all included in the bankruptcy.
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