Taxes are not usually dischargeable in bankruptcy.
But depending on your situation you may be able to get taxes discharged. By filing for bankruptcy Taylor with Detroit Bankruptcy Law, we could get back your back taxes, fines, and interest payments. However, you will need to meet the IRS tax debt forgiveness program standards. Ask our experts at Kostopoulos Associates if you meet these standards.
Here are the requirements to qualify for IRS tax forgiveness Taylor:
- Tax debts need to be reviewed by the IRS at least 240 days before filing for bankruptcy.
- Your tax returns regarding the debt must be on file for at least two years.
- The debt forgiveness tax you owe the IRS must be at least three years old.
By meeting these standards, you’ll be able to have our IRS tax debt discharged when you file for Chapter 7, Chapter 11, or Chapter 13 bankruptcy Taylor. With bankruptcy active, it’s illegal for creditors to attempt debt collection. In most cases, our clients get their debt discharge within only 90 days of the lawsuit. If all of your debt is not forgiven during this process, the IRS tax debt forgiveness program can continue pursuing collection from you after bankruptcy.
When bankruptcy is filed, it activates an automatic stay which will safeguard your assets. In Chapter 13 bankruptcy you’re allowed to set up a payment plan in small installments. In some cases, Chapter 13 bankruptcy Taylor gets your tax debt dismissed.
Contact Detroit Bankruptcy Law to schedule a free consultation
For years Detroit Bankruptcy Law has defended people throughout Southeast Michigan and Metro Detroit during their bankruptcy cases. We are highly experienced in the full range of bankruptcy chapters. With this experience, we can confidently guide you through the bankruptcy process to the best result. If you are interested in learning more about bankruptcy’s ability to get tax debt relief, get in touch today and we’ll give you a free consultation!