Abalos & Associates
Abalos & Associates

Abalos & Associates, PLLC Releases Podcast on Tax Planning and Bankruptcy

Barry Friefield, Partner of CPA Firm, Discusses Bankruptcy Laws and How Tax Planning Can Help Address Them

Phoenix, AZ, March 30, 2012 --(PR.com)-- Sandy Abalos, managing partner of Abalos & Associates, PLLC (http://www.abaloscpa.com), has announced the release of an audio podcast on the topic of tax planning and bankruptcy. In the podcast, Barry Friefield, partner at Abalos & Associates, discusses bankruptcy laws and differentiates between Chapter 7, Chapter 11 and Chapter 13 bankruptcy filings. He also discusses whether income tax debts are eligible for discharge under Chapter 7 or Chapter 11, and explains which tax provisions come into play under Chapter 11. Finally, Friefield offers useful advice about how to determine when liquidating a business is the right choice, and when reorganization might be a better option. The podcast is available for download at http://abaloscpa.com/newsworthy/podcasts/tax-planning-and-bankruptcy-laws.

“When people hear the term ‘bankruptcy,’ they often fail to realize that there are different degrees of what encompasses filing a business under this designation,” said Abalos. “This podcast helps clarify what is meant by Chapter 11 and other sections of the bankruptcy code, as well as provide some answers as to what steps to take regarding the tax impacts for any kind of bankruptcy.”

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About Abalos & Associates, PLLC:
Abalos & Associates, PLLC is a full-service, award-winning CPA firm in Phoenix that specializes in the needs of privately held businesses. Established in 1981, the firm employs a custom approach to service each individual client. Among the wide range of services it offers are business and technology consulting, accounting, tax planning, succession planning, estate planning, audit services, business cash flow management and litigation support. Abalos & Associates, PLLC is nationally recognized as a leader in public policy, legislation and privately held business issues, and has been consistently recognized among the top accounting firms in the state by Arizona Business Magazine. For more information, contact (602) 943-1984 or visit the website at http://www.abaloscpa.com.

Jennifer Fair
MMI Public Relations
(919) 233-6600
Abalos & Associates
Patty Briguglio