*Endorsed by the Bankruptcy, Insolvency & Creditors’ Rights Section and the Taxation Law Section of the State Bar of Wisconsin
Attack of the taxes
Bankruptcy and taxes impact one another, so it’s essential to know how an action in one area affects the other. Basic Tax Concepts for Bankruptcy Attorneys is the first in a series of three webcasts covering important tax-related issues in bankruptcy proceedings. Experienced practitioners and the IRS Office of the Chief Counsel provide the guidance you need to wisely counsel your clients as they navigate the complexities of bankruptcy.
Basic Tax Concepts for Bankruptcy Attorneys discusses fundamental tax principles and equips you to identify and anticipate taxation issues – even ones that aren’t readily apparent. Using a hypothetical scenario, the presenters will illustrate the tax consequences of bankruptcy and share key lessons every attorney involved in bankruptcy should know.
- Find out which tax obligations may be discharged in bankruptcy
- Understand which debts are not dischargeable
- Anticipate which debts will still need to be addressed after the bankruptcy
Plus, discover what you can learn by studying your client’s tax return and how to use that information as you plan your strategy.
Gain a better understanding of the impacts bankruptcy has on tax liabilities, and approach your next bankruptcy case with greater confidence.