Discharging taxes in bankruptcy – Now or never

Regular readers of this irregular series on dealing with the IRS Collection Division will know that bankruptcy can be very useful in resolving overwhelming tax debts. However, this window of opportunity is closing, and it will slam violently shut on October 17, 2005, about four months from the scheduled publi­ca­tion date of this article. If you have clients who are drown­ing in tax debt, you need to consider the bankruptcy…
Former IRS Special Agent, having worked in the IRS Criminal Investigation Division's office in Baltimore, Maryland. In 1980, he was named as Criminal Investigator of the Year by the Association of Federal Investigators. He holds a B.A. in Business Administration, an M.B.A., and a law degree, all from the University of Maryland. In addition to the University of Maryland, Mr. Haynes has attended MacMurray College, the University of Illinois, Southern Illinois University and Georgetown University Law School.
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