ProView Plus Print Representing the Bankrupt Taxpayer

Representing the Bankrupt Taxpayer provides crucial information to practitioners in both bankruptcy and taxation fields. Coverage includes: • Securing information from the Internal Revenue Service (IRS) • The IRS tax collection system • Tax liens/levy and seizure • Alternatives to bankruptcy • Offers-in-compromise • Automatic stay/adequate protection • Prebankruptcy planning • Discharge of taxes and penalties • Bankruptcy for ongoing business • Interest • Cancellation of indebtedness (debtor) and bad debts (creditor) • Taxation of individual and partnership bankruptcy estates • Effect of bankruptcies on net operating losses and credit carryforwards • Real property dispositions The text also provides examples, strategies, and IRS procedures, as well as complete passages from the Internal Revenue Manual.