Representing the Bankrupt Taxpayer, 2023 ed.

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.