TAX DEBT RELIEF

TAX DEBT RELIEF

13:54 23 March in Bankruptcy

TAX DEBT RELIEF

POSTED BY MARK & BROWN, P.A. || 8-JULY-2015

Bankruptcy can be an effective way to overcome overwhelming debt, and in certain situations it can even help with tax debt relief.  However, you need to be very cautious when looking into addressing any tax debt.  There are many people out there claiming to offer tax debt relief, but the truth is that tax debts are generally very difficult to get discharged.  Our staff at Mark & Brown are highly experienced in bankruptcy law, and we are ready to schedule you a free consultation if you are concerned that your debt might be too much to handle.

We have already discussed dischargeable debt in previous blog posts, but now we’re going to look at how a discharge can affect tax debts.  Only certain kinds of tax debt can be discharged, and to qualify you will need to meet the following minimum requirements:

These requirements are the same regardless of whether you are filing for Chapter 7 or Chapter 13 bankruptcy, but you generally have a better chance of qualifying in a Chapter 13.  We always want to make it clear that bankruptcy law can be complicated, and this particular area of bankruptcy is even more difficult to navigate than many others.  There are types of tax debt which cannot be discharged, and there are exceptions and other requirements which a good bankruptcy attorney can help guide you through.

An Orlando bankruptcy attorney should always be consulted in these matters, and they can help you to determine if a specific tax debt might be dis chargeable or not.  Central Florida residents should feel free to contact us any time, and we are always happy to schedule you for a free consultation with a highly qualified bankruptcy lawyer.