Tax Law Blog

Being in debt to the Internal Revenue Service applies to the wealthy, the not-so-wealthy, celebrities, and everyday taxpayers. Offers in Compromise (OIC) are touted in social media and elsewhere as a sweet deal to skate away from debt to the IRS....

A year into the pandemic, bankruptcy remains an important option for business owners and operators.

A bankruptcy filing under Chapter 7 of the US Bankruptcy Code could help you wind down your business and discharge certain types of unmanageable debt.