Comments on: Debtor Uses Threat of Bankruptcy to Negotiate an 83% Reduction in Tax Debt http://www.thebklawyer.com/thebkblog/2006/09/27/debtor-uses-threat-of-bankruptcy-to-negotiate-an-83-reduction-in-tax-debt/ Personal Bankruptcy tips and tricks moderated by Atlanta lawyer Jonathan Ginsberg Sat, 30 Jan 2010 16:02:17 +0000 hourly 1 By: Rick Jones http://www.thebklawyer.com/thebkblog/2006/09/27/debtor-uses-threat-of-bankruptcy-to-negotiate-an-83-reduction-in-tax-debt/#comment-9916 Rick Jones Fri, 11 Jul 2008 14:08:14 +0000 http://host.jonathanginsberg.com/~thebklaw/thebkblog/?p=70#comment-9916 <p>An offer in compromise is not the right solution to a tax problem for everyone. Really it's not right for most taxpayers in trouble with the IRS. There are other options available that may be better, and can still save you pennies on the dollar. Attorney Darrin Mish promotes an analysis of a taxpayer's situation that will support the BEST possible solution to a taxpayer's problem. Every taxpayer's situation is unique, don't be fooled, each situation has enough variances to make an analysis well worth the time and money.</p> An offer in compromise is not the right solution to a tax problem for everyone. Really it's not right for most taxpayers in trouble with the IRS. There are other options available that may be better, and can still save you pennies on the dollar. Attorney Darrin Mish promotes an analysis of a taxpayer's situation that will support the BEST possible solution to a taxpayer's problem. Every taxpayer's situation is unique, don't be fooled, each situation has enough variances to make an analysis well worth the time and money.

]]> By: Jonathan http://www.thebklawyer.com/thebkblog/2006/09/27/debtor-uses-threat-of-bankruptcy-to-negotiate-an-83-reduction-in-tax-debt/#comment-2647 Jonathan Sun, 15 Oct 2006 22:08:31 +0000 http://host.jonathanginsberg.com/~thebklaw/thebkblog/?p=70#comment-2647 <p>No you do not have to pay tax debt back at 100% all of the time. Tax debt can be priority, secured (by a tax lien) or unsecured. Unsecured tax debt - also known as stale tax debt - is treated like any other unsecured creditor's debt. So, if you are paying unsecured debt like credit cards and medical bills at 3 cents on the dollar, you can pay stale tax debt at the same percentage. Tax debt is stale if (1) there is no lien and (2) it is old enough - at least 3 years old, but there are a number of other rules.</p> No you do not have to pay tax debt back at 100% all of the time. Tax debt can be priority, secured (by a tax lien) or unsecured. Unsecured tax debt – also known as stale tax debt – is treated like any other unsecured creditor's debt. So, if you are paying unsecured debt like credit cards and medical bills at 3 cents on the dollar, you can pay stale tax debt at the same percentage. Tax debt is stale if (1) there is no lien and (2) it is old enough – at least 3 years old, but there are a number of other rules.

]]> By: John http://www.thebklawyer.com/thebkblog/2006/09/27/debtor-uses-threat-of-bankruptcy-to-negotiate-an-83-reduction-in-tax-debt/#comment-2646 John Sat, 14 Oct 2006 23:12:53 +0000 http://host.jonathanginsberg.com/~thebklaw/thebkblog/?p=70#comment-2646 <p>Hi: Thanks for the information:</p> <p>I don't understand because i thought that tax debt had to be paid back at a 100 percent rate in a Chapter 13;</p> <p>Thanks John</p> Hi: Thanks for the information:

I don't understand because i thought that tax debt had to be paid back at a 100 percent rate in a Chapter 13;

Thanks John

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