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Tax issues in Bankruptcy
dealing with the IRS |
| Bankruptcy | |
| In areas of tax practice,
bankruptcy presents some very special situations. There is an area of the law where
bankruptcy law and tax law overlap, and many times a bankruptcy lawyer is not specialized
in tax law, and a tax lawyer or CPA is not specialized in bankruptcy law. Bankruptcy might be an option for taxpayers with extreme debt, and many taxes are eligible for discharge in bankruptcy. In addition, there are very specialized accounting and tax considerations for businesses and individuals in a bankruptcy case -- Chapter 7, 11 or 13. Certainly these matters indicate the need for a specialist. At Gill & Company, we bridge the gap between disciplines, and assist bankruptcy counsel, where indicated, and work with our clients in planning for bankruptcy, and otherwise assist in areas of "insolvency accounting and taxation. |
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| Links to other sources | |
| discharging taxes in bankruptcy | |
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| Copyright © 1997 Gill &
Company, CPAs. All rights reserved. Revised: September 29, 1997. |