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Taxes are not usually dischargeable in bankruptcy.

There are exceptions to near any rule. Once you file for bankruptcy Flint, you might be able to get back taxes, fines, and interest. You have to meet the IRS standards for tax remission on unpaid back taxes. Let the professionals at Kostopoulos Associates help you get through this process.

In order to receive IRS tax forgiveness Flint and have your tax debt discharged, you must meet these three qualifications:

  1. Tax debts need to be reviewed by the IRS at least 240 days before filing for bankruptcy.
  2. Your tax returns regarding the debt must be on file for at least two years.
  3. The debt forgiveness tax you owe the IRS must be at least three years old.

You could be able to file Chapter 7, Chapter 11, or Chapter 13 bankruptcy if you meet these standards. This would stop your creditors from attempting to collect. Your debt will likely be forgiven within 90 days of your lawsuit’s start. Once it ends, the IRS tax forgiveness program can pursue collections.

When the automatic stay begins, you can structure a repayment plan for any undismissed debts. Chapter 13 bankruptcy will let you consolidate your debts and repay creditors in smaller amounts. You may have some of your debts dismissed with Chapter 13 bankruptcy Flint.

Contact Detroit Bankruptcy Law to schedule a free consultation

At Detroit Bankruptcy Law, we represent Southeast Michigan. We use our years of experience and board certifications to help you find the best path to financial freedom. We are dedicated to helping you with your issues. We’ll help you solve tax liens and wage garnishment. Contact us now to ask about resolving your tax debt and we’ll give you some options of how you can.