There are a number of ways to resolve tax problems. Each case is different, so it is impossible to tell you the best method to resolve your case without us performing a detailed tax account transcript analysis. After we’ve reviewed your tax account transcript with you, we would provide you with some options to resolve your particular tax issue. Sometimes, that solution is bankruptcy.
The “b word” sounds scary to people. It shouldn’t. It’s a financial tool and a constitutional right. While we can often use certain techniques like penalty abatement to reduce or eliminate your penalties, ordinarily, you will still be left with something to repay. Bankruptcy can potentially eliminate all of your tax debt leaving you with no repayment plan at all.
The rules for determining whether taxes are dischargeable are complex and can be confusing. Many bankruptcy attorneys don’t even fully understand the rules. We are not most bankruptcy attorneys. We are tax resolution attorneys. We not only can assist you in filing bankruptcy, but we can confidently tell you whether your tax debts are dischargeable. Not only that, but we can provide you with a detailed report regarding bankruptcy dischargeability during our initial tax account transcript review.
Call now to schedule your tax account transcript analysis so we can start you on your path to relief or request a free copy of our book, The Essential Tax Resolution Survival Guide. If you’re curious about bankruptcy, you may also want to request your free copy of our book, The Essential Bankruptcy Survival Guide.