Finance
Showing 19 - 24 of 1027 results.
Southern California Bankruptcy Lawyer and Chapter 7 Filing Steps
Southern California bankruptcy lawyer searches often focus on Chapter 7 eligibility, asset risk, filing venue, and discharge steps. Chapter 7 is a federal bankruptcy process, but the correct filing court depends on federal venue rules and the debtor’s location. Before filing, debtors should examine eligibility, exemptions, nonexempt property, and what happens during trustee review, the 341 meeting, and discharge.
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Student Loan Bankruptcy Lawyer California Explains Discharge Options
A student loan bankruptcy lawyer California can assess whether educational debt may qualify for discharge under the federal undue-hardship standard. Student loan debt does not automatically disappear when a California borrower files bankruptcy. Under 11 U.S.C. § 523(a)(8), covered educational debt generally survives unless repayment would impose an undue hardship on the debtor and the debtor's dependents. California bankruptcy courts apply Ninth Circuit precedent, including the three-part Brunner test, when deciding that question. The process usually requires a separate adversary proceeding within the bankruptcy case.
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IRS Penalty Abatement Form Is Not Required in Every Case
The IRS Penalty Abatement Form is usually Form 843, but some penalty requests can be handled by phone or through another IRS procedure. Form 843 is used for certain written claims for penalty abatement or refund, but it is not the first step in every case. Start with the IRS notice because some requests can be resolved by phone, while other claims require a different form. The correct procedure depends on the penalty, tax period, and whether the amount has already been paid.
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IRS First Time Penalty Abatement Is Changing in 2026
IRS First Time Penalty Abatement still applies to some transition-period returns, while AEP now gives qualifying taxpayers automatic relief. The IRS began replacing First Time Abate with Automatic Exemption from Penalty in summer 2026. Which rule applies depends on the tax period, when the original return was processed, the penalty involved, and the taxpayer's compliance history. For eligible original returns due on or after January 1, 2027, AEP replaces FTA.
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Partnership Late Filing Penalty Can Apply after September 15
The Partnership Late Filing Penalty can be $255 per partner for each month or partial month a 2025 Form 1065 remains late, for up to 12 months. For a 2025 calendar-year partnership that timely filed Form 7004, September 15, 2026, was the extended federal deadline. Even a short delay can count as a full month under IRC § 6698. Before responding to an assessment, confirm the filing date, partner count, and available penalty relief.
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An Orange County FTB Audit Lawyer Can Challenge Tax Assessments
An Orange County FTB audit lawyer helps taxpayers respond to California Franchise Tax Board examinations, proposed assessments, and administrative appeals. A California FTB audit can quickly move beyond a routine request for records. Residency, California-source income, multistate business activity, and federal tax adjustments may all become part of the examination. For Orange County business owners and individuals, the real challenge is often knowing what the FTB is examining, which records actually address the issue, and when a response or protest must be filed. A focused approach from the beginning can keep the dispute centered on the tax years and issues that matter.
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