Taxes and Bankruptcy – Part 1
Dealing with taxes within the Bankruptcy Courts is a problem that causes a lot of confusion for clients. It can also sometimes be difficult for the tax or bankruptcy attorney to sort out the many details and timelines. In my practice, I routinely advise clients in both areas. Most of the time, we are able to discharge IRS debts or create payment plans through the Bankruptcy Courts that the IRS would never even consider. It is best to work with an attorney who is well-versed in both areas of the law, has a deep understanding of the process in which back taxes are dealt with under the Bankruptcy Code and how these issues should be handled within the practice. Each client situation is different and the idea of crafting a plan can be painstaking but if the client is willing and the attorney is knowledgeable, then many times taxes can be dealt with and sometimes even eliminated through the use of the Bankruptcy Code. I have seen attorneys who do not understand the basics of bankruptcy timelines miss the opportunity to discharge tax debts due to a lack of professional follow through. So it is most advisable for a client to do a thorough investigation into the attorney they are using for either tax problems and or bankruptcy before committing to any plan.
Please call my office for an initial consultation either by phone or in person, if your issues need further clarification or if you need my assistance, please call 1-800-490-06673