DID YOU KNOW……that you may be able to discharge taxes in a Bankruptcy? We’ve heard from many clients that they think that their debt to the IRS can’t be discharged in bankruptcy. Well, we are here to tell you that the IRS can be discharged, and we have helped many clients eliminate tax debt through bankruptcy. If you are facing tax debt and are thinking about bankruptcy, give you office a call for a free consultation so we can discuss your specific matter. While this is not an all-inclusive list, below are the general parameters for eliminating your tax debt in bankruptcy:
- A tax payer must have filed a return for the year in which the debt was created;
- The tax return must have been filed at least two years prior to filing for bankruptcy;
- The tax return must have been due at least three years before filing for bankruptcy; and
- The IRS has not assessed the liability within 240 days of the bankruptcy filing date.
“The professionalism and respect that I received was beyond what I could have expected. She (Attorney) made the whole process pain free and with the million questions I had she was always there with help and support. I would most definitely recommend her to others.”]]>
– Satisfied client of Marine View Law & Escrow