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Why do I need an IRS Form 2848, Power of Attorney (POA)?

In a traditional sense a Power of Attorney is a document used to appoint a person or organization to manage your business, legal or private affairs.  308 more words

IRS

Independent Contractor as defined by the IRS.

People such as doctors, dentists, veterinarians, lawyers, accountants, contractors, subcontractors, public stenographers, or auctioneers who are in an independent trade, business, or profession in which they offer their services to the general public are generally independent contractors. 249 more words

News

Interest Rates on Secured Claims in Chapter 13 Cases in the EDKY

The prime rate of interest increased a quarter of a point to 4% effective March 16, 2017.  Read on for information on how this affects chapter 13 plans in the EDKY, and what other interest rates are applicable to secured claims. 479 more words

Secured Claims

Deadlines for Filing Prepetition Tax Returns in Chapter 13 Cases

Frequently, debtors who seek bankruptcy relief under chapter 13 have not yet filed some of their tax returns with the IRS or state taxing authority.  Section 1308 of the Bankruptcy Code gives chapter 13 debtors an opportunity to get those returns filed so they can deal with their tax debts in the chapter 13 case, but there are deadlines to be met and consequences for failure to comply.  643 more words

Practice Tips

Delinquent Property Tax Claims in Chapter 13 Cases

Property taxes on real estate in Kentucky constitute a statutory lien on the property. Under state law (KRS Chapter 134), the lien has priority over any other debt on the property. 819 more words

Secured Claims

National Conference on Special Needs Trusts

On October 19-21, 2016, the National Conference on Special Needs Trusts and Special Needs Planning will present a conference on Special Needs Trusts. A Pre-conference will be held, October 19, 2016 on tax issues in special needs planning. 25 more words

Conference