What Is the Difference Between A Chapter 7 and Chapter 13 Bankruptcy?

February 28, 2015

Throughout the United States, most bankruptcies that are filed are either Chapter 7 or Chapter 13 cases. Determining which the best choice is for you is dependent on your assets, income, debts, and financial goals. Simply put, the dividing line between your filing for a Chapter 7 or Chapter 13 bankruptcy will be your income…
Read More

What is An Offer in Compromise?

February 24, 2015

An Offer in Compromise is a program of the IRS that allows you to reconcile your tax debt at an amount that is lower than what is actually owed. This written offer to the IRS or Colorado Department of Revenue may be an option for you in lieu of or in addition to bankruptcy. In…
Read More

What Do I Do If I Receive A Notice From the IRS?

February 16, 2015

You may have received a notice or letter from the IRS. Now what? Notices or letters from the IRS generally indicate the reason for the correspondence, and also provide instructions for you to follow. Note that notices from the IRS can be either favorable or unfavorable. While your first reaction may understandably be dread or…
Read More

Will the IRS Be Suspicious If I Hire A Tax Attorney?

February 8, 2015

Many people are rightly concerned that the IRS will look at them more suspiciously or treat them worse if they choose to hire a tax lawyer to represent them. They generally fear that the IRS may feel that a crime is being committed or is being hidden. If you are facing an IRS audit or…
Read More