Tax Issues in Consumer Bankruptcies
Navigating Discharge of Tax Liability, Impact of Tax Obligations on Means Testing, and Debt-Related Tax Consequences
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide bankruptcy counsel a review of key tax issues in consumer bankruptcy, including discharge rules for different tax obligations, how income tax liabilities impact applicability of the means test, and tax consequences of debt-related obligations like cancellation of debt and home foreclosure.
- Discharge of tax liabilities
- Categorizing tax liabilities for applicability of the means test
- Tax consequences of consumer debt
The panel will review these and other key questions:
- What are the differences between discharge of tax obligations under Chapter 7 and Chapter 13?
- How have courts addressed the issue of whether income tax obligations are consumer debts for means test purposes?
- • What are the tax consequences of debt-related obligations like cancellation of debt income?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Dr. Richard S. Gendler
Law Offices of Richard S. Gendler
He primarily handles consumer bankruptcy filed under Chapters 7, 11 and 13 of the Bankruptcy Code. In 1998, he... | Read More
He primarily handles consumer bankruptcy filed under Chapters 7, 11 and 13 of the Bankruptcy Code. In 1998, he founded the Firm and over the last two decades, he has expanded the firm to a multidisciplinary office employing lawyers with an extensive knowledge of not only criminal and bankruptcy matters, but real estate, tax, estate planning, probate, and civil matters as well.Close
Burton J. Haynes
Law Office of Burton J. Haynes
He specializes in tax controversy work, including civil and criminal tax matters, civil penalties, tax litigation, and... | Read More
He specializes in tax controversy work, including civil and criminal tax matters, civil penalties, tax litigation, and representation of clients before the IRS and U.S. Tax Court. He also counsels clients regarding tax aspects of divorce and bankruptcy, and is often appointed as special tax counsel in bankruptcy cases. He is a former IRS Special Agent, with the IRS Criminal Investigation Division.Close