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Criminal Investigation Issues Fiscal 2012 Report

IRS Criminal Investigation (CI) today released itsAnnual Report for fiscal 2012, highlighting strong gains in enforcement actions and penalties imposed on convicted tax criminals. The 28-page report summarizes a wide variety of IRS CI activity on a range of tax…

CAN TAX DEBT HELP A CHAPTER 7 FILING?

In 2005, Congress made substantial changes to the bankruptcy code. The resulting law made filing for bankruptcy much more difficult for consumers including that a consumer debtor is required to meet the means test in order to qualify for filing…

Son of founder buys company out of Chapter 7

Long Island businesses and individuals who are saddled with overwhelming debt may get their finances back under control through declaring bankruptcy. There are several types of bankruptcy under U.S. law, and one of the most effective is Chapter 7, or liquidation…

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