Taxes sometimes appear as insurmountable debt. Some people go so far as to mistakenly believe that tax debt cannot be discharged in a bankruptcy. Actually there is much that can be accomplished in getting control over past due taxes through a bankruptcy proceeding.
Walnut Creek IRS Tax Debt Relief Attorney
Given the right circumstances regarding age and assessment (among others), taxes can indeed be discharged in a Chapter 7. Where taxes cannot be discharged in a Chapter 7, they can be managed by consolidating payments over the course of a three- or five-year repayment plan in a Chapter 13 bankruptcy. The Chapter 13 will protect you from the taxing authorities garnishing wages, levying against bank accounts and recording tax liens.
These bankruptcy approaches to managing tax debt require an involved reading of the tax code and the Bankruptcy Code. Rather than risking your case by trying to teach yourself these complexities of law, rely on the more than 20 years of bankruptcy law experience held by attorney Thomas R. Burns.
The Bankruptcy Law Center of Thomas R. Burns regularly advises clients regarding their tax options within the Bankruptcy Code, particularly when the firm's clients are facing a levy or wage garnishment. The ability to quickly navigate these tricky legal waters becomes important.
San Francisco Taxes Debt Attorney
For a completely confidential and free initial consultation regarding your bankruptcy-related tax questions, please call our California law firm at 415-543-9900. You can also set up an appointment to discuss your matter with a tax debt settlement lawyer by contacting us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.