Discharging Taxes in Bankruptcy
Many taxpayers, including enrolled agents, accountants
and other taxpayer representatives are unaware that under certain
circumstances you can discharge income taxes and certain payroll
taxes in bankruptcy.
Certain steps should be taken to ensure that all available collection
defense tactics are utilized in order to successfully resolve the
tax problem. Determining whether your tax liabilities are dischargeable
in bankruptcy is a powerful defense measure (which I call the “Silver
Bullet of Tax Defense”) and is a critical step in preparing a
plan to resolve your tax debt. For example, the availability of bankruptcy
is a viable threat during negotiations of an Offer in Compromise
with the IRS.
The filing of an Offer in Compromise and/or Bankruptcy affects the
availability of each other. It is quite common for a taxpayer to retain
this law firm after an inappropriate or premature bankruptcy petition
has been filed. Therefore, it is critical that you obtain a written bankruptcy
dischargeable opinion letter from a qualified tax attorney or bankruptcy
attorney. Contact us if you would like to receive a written opinion
regarding the dischargeability of your taxes in bankruptcy.
Tax Problem Consultation
Robert T. Leonard, Esq., CPA is nationally
recognized as a leader in IRS tax problem resolution. From Audit
Representation to Tax Court Litigation; from Offer in Compromise
to Payment Agreements; from Payroll Tax liabilities to Income Tax
problems; from Penalty Appeals to Trust Fund Recovery Penalty cases;
from obtaining Innocent Spouse Relief to Discharging Taxes in Bankruptcy;
there is no law firm better equipped to handle your tax case
today.
If you are interested in receiving an analysis and
strategy to resolve your tax problem from Mr. Leonard, then don’t
hesitate to contact us. |