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.
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Our specialists are all seasoned professionals who have years of experience working within your industry. Reach out to us today to schedule a consultation.
LATEST POSTS ON TAXES
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While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could see their taxes go up due to reductions or eliminations...
2 Major Tax Law Changes for Individuals in 2019
While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply through 2025 or are permanent, there are two major changes under...
How is the IRS Affected by the Government Shutdown?
UPDATE: On Monday evening, the IRS confirmed that it will begin to process tax returns on January 28, 2019 and provide refunds to taxpayers as scheduled, despite the partial government...