If you are facing IRS or Ohio local tax debt and looking an income tax attorney, take advantage of our free consultation about eliminating tax debt through bankruptcy. Chapter 7 or Chapter 13 may eliminate tax debts or help you pay taxes by eliminating other debts.
Know Your Rights to Eliminate Taxes Using Chapter 7 or Chapter 13 Bankruptcy
Tax debts can be completely discharged or partially eliminated by bankruptcy depending upon complicated rules. The type and age of taxes, along with whether returns were filed, are important to the relief available. Tax penalties are generally eliminated along with income taxes due more than three years before a bankruptcy when a return was filed. If taxes cannot be eliminated, Chapter 7 bankruptcy may relieve other debts allowing you to pay taxes using an installment plan. Tax liens are usually not eliminated, but Chapter 13 bankruptcy can stop collections and provide time for you to pay taxes while keeping property.
Tax Relief Companies May Not Be the Best Option
We often see people who paid a tax relief company more than they would for better relief using bankruptcy. As bankruptcy attorneys in Columbus, Ohio, we recommend seeking local help with tax debt before calling a national tax relief firm. Our experience helps guide you through the bankruptcy options and whether alternatives like an offer in compromise are better choice.