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Walk Law Wire
Welcome to our blog where you can stay updated on the firm & current developments. We hope you enjoy the contents!
Disputing Taxes Owed to the Internal Revenue Service and California Taxing Authorities, Inside and Outside of Bankruptcy
Options are available when a tax controversy arises with the Internal Revenue Service and the California Franchise Tax Board. Outside of bankruptcy, taxpayers may seek penalty relief, request reconsideration of an audit, or file an offer in compromise based on doubt as to liability, or seek innocent spouse relief. Unbeknownst to some, even during bankruptcy, a debtor can bring an adversary proceeding under 11 USC § 505(a) to reduce a potentially large debt based on new evide
Handling a Trust Administration with Federal and California Tax Issues: A Practical Guide
In the Eighteenth Century, renowned English justice and commentator on common law, Sir William Blackstone, stated that “[the king’s] debt shall be preferred before a debt to any of his subjects.”[i] Although Sir Blackstone made this pronouncement many years before the existence of the Internal Revenue Service (the “IRS”) or the California Franchise Tax Board, the principle still often applies today. In a recently published article, Steven L. Walker provides trusts and estates
The Federal Tax Lien and Exemptions: Handling IRS Enforcement of Valid Tax Liens
This article provides practical guidance to practitioners with clients who are facing a Federal or State tax lien and are wondering what...
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