Fairbanks Fletcher Law PLLC

10/18/2025

Paper refund checks are being phased out. Starting with 2025 returns filed in 2026, most IRS refunds will be electronic. Set up your IRS online account and add direct-deposit details now to avoid delays. If you don’t use a bank, alternative options like debit cards and digital wallets are coming.



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Starting with 2025 returns filed in early 2026, most IRS refunds will be electronic and paper checks will largely end. Add direct-deposit details or use alternatives like debit cards or digital wal…

10/03/2025

A new scam is circulating that pretends to be from the “New York Department of Revenue.” If you’ve received a text like this, do not click any links and do not respond. Here’s why this message is fraudulent: 1. There Is No “New York Department of Revenue” New York’s tax authority is officially called the New York State Department of Taxation and Finance (DTF)...

A new scam is circulating that pretends to be from the “New York Department of Revenue.” If you’ve received a text like this, do not click any links and do not respond. Here’s why this message is f…

09/29/2025

https://www.reuters.com/legal/government/us-judiciary-may-not-fully-sustain-operations-past-october-3-government-shutdown-2025-09-24/

The federal courts may not be able to fully sustain paid operations after next week if Congress does not avert a partial government shutdown by passing stopgap spending legislation before October 1, the U.S. judiciary warned on Wednesday.

09/12/2025

Tricolor Auto Group, a large subprime used-car lender and dealer based in Texas, has filed for Chapter 7 liquidation after listing between $1 billion and $10 billion in assets and liabilities and more than 25,000 creditors. The filing followed revelations that Fifth Third Bank uncovered alleged fraud tied to a roughly $200 million loan. Fifth Third said it expects a $170 million to $200 million write-down related to the loan, a one-time accounting loss that reduces the loan’s book value and will weigh on the bank’s quarterly earnings....

Tricolor Auto Group, a large subprime used-car lender and dealer based in Texas, has filed for Chapter 7 liquidation after listing between $1 billion and $10 billion in assets and liabilities and m…

09/12/2025

Under Trump, the consumer bureau has been dismissing lawsuits and reversing settlements. Here are some of the biggest cases it has dropped.

09/12/2025

Proposed amendments to Federal Rule of Bankruptcy Procedure 3002.1 would give debtors and Chapter 13 trustees a new, optional way to check a mortgage claim’s status while a case is pending and — if needed — cure postpetition defaults before the plan closes. The change would authorize a mid-case motion for a full loan-status assessment, require a standardized Official Form, and compel a creditor response when facts are disputed....

Proposed amendments to Federal Rule of Bankruptcy Procedure 3002.1 would give debtors and Chapter 13 trustees a new, optional way to check a mortgage claim’s status while a case is pending and — if…

09/02/2025

Are current Chapter 13 debt limits shutting out families in high cost states? A bipartisan Senate proposal would raise the cap to a single $2.75 million cap and retroactively cover now-pending cases. I break down the impact on debtors and practitioners on my blog.

Congress has returned from recess and the Senate is expected to consider an amendment that would significantly expand Chapter 13 eligibility. The proposal would replace the existing split limits of…

07/28/2025

For decades, bankruptcy practitioners like myself have watched clients walk through our doors buried under student loan debt—only to discover that relief under the Bankruptcy Code is largely off-limits. The reason? An impossibly high legal standard requiring borrowers to prove “undue hardship” to discharge their student loans, a vague and outdated threshold that has turned the promise of a fresh start into a legal mirage....

For decades, bankruptcy practitioners like myself have watched clients walk through our doors buried under student loan debt—only to discover that relief under the Bankruptcy Code is largely off-li…

07/05/2025

President Trump is set to sign the sweeping One Big Beautiful Bill Act during a special Independence Day ceremony at the White House. While the event celebrates his second-term triumph, one provision in the bill could severely hit poker players and other gamblers. What’s changing? Under current tax rules, gambling losses can be fully deducted from winnings to determine taxable income....

President Trump is set to sign the sweeping One Big Beautiful Bill Act during a special Independence Day ceremony at the White House. While the event celebrates his second-term triumph, one provisi…

07/01/2025

Tax Resolution Program Spotlight: First Time Penalty Abatement (FTA)

If you’ve been hit with IRS penalties for failing to file, pay, or deposit taxes on time, the costs can add up quickly. But there’s good news—if this is your first offense, you may qualify fo…

06/30/2025

The IRS can feel like a heavy burden, but you don’t have to face it alone. At Fairbanks Fletcher Law PLLC, we’re here to demystify tax issues and help you find solutions! With representation available in all 50 states, flexible payment plans, and a commitment to your financial future, you can finally take a deep breath. Reach out for a free consultation today and let’s begin the journey to financial peace.

11/28/2024

Building a fortress of financial freedom with Fairbanks Fletcher Law PLLC! 🛡️🏰 Tax problems? Bankruptcy issues? We're here to defend your journey to financial peace.