Bankruptcy

Your back taxes, interest and penalties can be wiped out by filing bankruptcy.

If you qualify, bankruptcy can be the best solution to resolve your crushing tax problems.

Unfortunately, not everyone qualifies to wipe out their tax debt in bankruptcy. Certain rules have to be met first. If you file bankruptcy and do not meet the rules, the IRS will still be in hot pursuit after your bankruptcy is over. Proper pre-bankruptcy planning is key to determining if bankruptcy is, or can be, a viable solution.

 “I have worked with Thompson Greenspon for 30 years and you have always looked out for my best interest.  Can’t say enough good things.”

– John B.

Our specialists are all seasoned professionals who have years of experience working within your industry. Reach out to us today to schedule a consultation.

talk-to-specialist-cpa-accounting
LATEST POSTS ON TAXES
March/April 2020 Tax Tips
Businesses: It’s time to revisit your sales tax obligations It’s been more than a year and a half since the U.S. Supreme Court ruled in South Dakota v. Wayfair that...
The New COVID-19 Law Provides Businesses with More Relief
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus...
Estimated Tax Payment Consideration Under COVID-19
Business owners and individuals need to be actively planning for the economic impacts of the coronavirus (COVID-19) including the impact on cash flow.  Measures to provide tax relief and to...