Michael S. Anderson
Bankruptcy and IRS Debt – a Real Option
The one we hear the most is that the bankruptcy code can't help you deal with IRS Debt. The truth is:
Real Solutions to IRS Debt and Related Problems
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Michael S. Anderson
17 Situations when The IRS Won’t Collect
Tax Debt left unattended will result in IRS collection activity…levies, liens and property seizures.
Michael S. Anderson
10 Bankruptcy FAQ
Bankruptcy is a process that takes place in Federal Court. The Bankruptcy Code governs the
Michael S. Anderson
10 Bankruptcy Misunderstandings
In Arizona, a person or married couple is allowed to protect the first $150,000.00 equity in
Michael S. Anderson
Tax Debt? You Have Options
The following is a list of the most common legal ways to deal with large IRS tax debt. Some
Michael S. Anderson
Debt Collection Protection Using Chapter 13 Bankruptcy Co-Debtor Stay
In most bankruptcy cases, a powerful tool called the “automatic stay” comes into existence the moment the case is filed. This “stay” prevents almost every type of debt collection from continuing.
Michael S. Anderson
Received a 1099 for Canceled Debt? Make Sure It’s Right
Creditors like to issue 1099-c documents if they've worked out a settlement and decided to forgive the debt entirely.
Michael S. Anderson
IRS to Begin Using Private Collection Within Months
In September of last year, the IRS issued a notice indicating an intent to use private debt collection services. This is going to become reality when the collectors begin handling old accounts within a few months.
Michael S. Anderson
Income Producing Assets in An IRS Offer in Compromise
If you own a business and that business has value, many people would assume that it should be included as an asset in calculating the amount of settlement. As a result, many offers are calculated much higher than they should be.
Michael S. Anderson
3 Problems IRS Liens Create if A Bankruptcy Is Filed
When the IRS is owed more than $10,000.00, it will record a notice of federal tax lien in the County in which you or your real property are situated.