Milan Parmar

About Milan Parmar

I’m a results-driven professional with 8+ years of experience across finance, operations,…

Experience

1. Bankruptcy Specialist

   Internal Revenue Service

   Sep 2024 — Present · Los Angeles, CA, US

   The U.S. Bankruptcy Code grants individuals and businesses the right to seek relief from debt. However, taxes owed to the federal government often carry unique classifications — such as secured claims, priority debts, or general unsecured debts — depending on their nature and timing.A Bankruptcy Specialist ensures that these claims are properly represented in court filings, plan confirmations, and discharges. They analyze how the bankruptcy process impacts IRS collection activity, tax assessments, and future compliance.Key Legal References: • 11 U.S.C. §507(a)(8): Defines priority tax claims. • 11 U.S.C. §523(a): Lists tax debts that are not dischargeable. • 26 U.S.C.(Internal Revenue Code): Governs the assessment and collection of federal taxes. • IRM 5.9: The section of the Internal Revenue Manual that provides detailed procedures for insolvency operations.Every action taken by a Bankruptcy Specialist — from reviewing a petition to finalizing a discharge entry — is governed by this legal foundation. Their work protects the federal government’s right to collect lawful tax debts while ensuring procedural fairness within the judicial system.