BANKRUPTCY LAW
TAX LAW

Are you facing foreclosure? Are you hiding from the IRS or the Oregon Department of Revenue? Have you failed to file your tax returns? Are you drowning in an ocean of past-due bills? Eugene Bankruptcy Lawyer and Tax Attorney Kent Anderson can help.

We have been helping people to get back on their feet financially for more than 35 years. Often, we can work out an affordable payment agreement with taxing authorities. Our office has handled many successful IRS settlements and we often resolve tax obligations with Oregon Department of Revenue. Mortgage Foreclosure law is changing weekly, we’re here to help.

Tax Attorney Eugene Oregon

WE HAVE THE
EXPERTISE

Whether you need help to decide if you should file a Chapter 7 or Chapter 13 bankruptcy or just want to understand your options, Kent Anderson Law Office has the expertise to help you get started. Kent Anderson is certified as a Consumer Bankruptcy Specialist by the American Board of Certification.

Call 541 683-5100 in Eugene, Oregon today or complete our submission form and we will contact you about an appointment.

Tax attorney Eugene Oregon

Missed the Deadline? Late Tax Filing Tips for Oregon Residents

Late Tax Filing Tips for Oregon Residents These late tax filing tips for Oregon can help you manage the stress and penalties associated with missing the IRS tax deadline. If you've missed the deadline, here's what you need to know to get back on track and minimize any potential issues." Understand the Consequences If you miss the tax deadline, the Internal Revenue Service (IRS) may impose penalties. Typically, this includes a failure-to-file

UPDATED: Who Qualifies as an Oregon Resident for Income Tax Purposes?

This Article is a partial re-write of an earlier article, published in 2011, dealing with the same subject. The OAR references in the prior article have been updated, but the law remains much the same despite more than 40 subsequent decisions of the Oregon Magistrate Court. Oregon imposes a personal income tax on all residents of the state under the authority of ORS §316.037(1)(a) (2010). By statute, an individual is a resident of

Tax Planning Advice for Individuals with Visual Impairment

Kent AndersonTax Attorneys Eugene OR Introduction: For individuals with visual impairments, navigating the complexities of tax planning can be daunting. However, there are specific tax provisions designed to provide assistance and support to those with visual challenges. In this article, we will explore essential tax tips tailored to individuals with visual impairments. Defining Visual Impairment for Tax Purposes: The Internal Revenue Service (IRS) recognizes the unique needs of visually impaired individuals

Estate Tax Relief For Oregon Farmers Under New Law

Kent AndersonTax Attorney Eugene OR Oregon Governor Tina Kotek has signed a new law, Senate Bill 498, aimed at providing tax relief to farm estates, despite concerns that it benefits wealthy investors and reduces state revenues. The bill aims to address succession challenges faced by family-owned farm, forest, and fishing estates by offering a tax exemption for estates valued up to $15 million. The objective is to support family farming and

Understanding Bankruptcy: A Comprehensive Overview

Bankruptcy serves as a legal recourse for debtors seeking relief from overwhelming financial obligations. It offers individuals and businesses burdened with insurmountable debt an opportunity to either devise a repayment plan over time or have their debts completely discharged by an experienced Eugene bankruptcy attorney. Although a complete discharge is not guaranteed for all debtors, the majority who file for bankruptcy can expect this form of relief. The primary objective of the bankruptcy act is to alleviate the honest debtor from the burden of oppressive indebtedness and provide them with a fresh start with the guidance of a bankruptcy attorney. The filing of a bankruptcy is governed by Title 11 of the United States Code, which outlines the regulations and procedures involved. If the debtor initiates the bankruptcy voluntarily, it is known as a voluntary bankruptcy.

Chapter 7 bankruptcy is the most common type, allowing individuals, couples, corporations, and partnerships to liquidate non-exempt assets with the assistance of an Eugene bankruptcy attorney. A court-appointed trustee sells these assets to repay creditors, aiming to grant individuals a fresh start by discharging their debts within a few months. Businesses can utilize Chapter 7 to close down operations.

Chapter 11 bankruptcy focuses on reorganization and is primarily used by corporations and partnerships. Individuals with significant debt can also file with the help of a bankruptcy attorney. Under court and creditor oversight, debtors retain possession of assets while proposing a reorganization plan. Once approved, the plan binds both the debtor and creditors, allowing for debt reduction, asset sales, or business restructuring.

Chapter 12 bankruptcy is designed for family farmers and fishermen. Similar to Chapter 13, it offers a streamlined reorganization process. Debtors whose income derives mainly from farming or fishing can restructure debts, potentially reducing amounts owed or extending repayment terms. Liquidation of assets is also possible.

Chapter 13 bankruptcy enables individuals with regular income and manageable debt levels to propose a repayment plan. Debt limits apply. Debtors retain their property and make regular payments to a trustee over several years, with the trustee distributing payments to creditors. Chapter 13 allows individuals to prevent foreclosures, catch up on missed payments, and reorganize their finances with the assistance of an Eugene bankruptcy attorney.

Understanding these bankruptcy chapters empowers individuals and businesses to navigate the best path for their financial challenges with the guidance of an Eugene bankruptcy attorney. Seeking professional legal guidance is crucial to make informed decisions and utilize the available options effectively. Tax attorney Eugene Oregon.

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