Since 1988, Fort Lauderdale Tax Debt Bankruptcy Lawyer John Bristol has filed more than 5,000 consumer Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Cases in Fort Lauderdale area (Southern District of Florida). Because John's Bankruptcy Law office is in Plantation; John concentrates his Chapter 7 Bankruptcy practice in Broward County. We offer PAYMENT PLANS and give FREE CONSULTATIONS (954) 475-2265
There is a common misconception that you can not discharge tax debt in bankruptcy. In fact, you can discharge tax debt including back federal, state, and local income taxes in Chapter 7 or Chapter 13 bankruptcy. Moreover, the penalties and interest attached to these taxes are dischargeable as well. Determining which back taxes are dischargeable can be a complex process.
Nonetheless, it is possible to compromise or discharge tax debt in bankruptcy, if your tax debt fits within certain rules. While taxpayers are eager to find debt forgiveness, there are only certain kinds of tax debts that can be included in a Chapter 7 and 13 Bankruptcy. There are specific rules that taxpayers must adhere to in order to be eligible for tax debt discharge through tax debt bankruptcy.
Questions that should be asked include: (1) How old are the taxes that are due? (2) Have you filed all tax returns fro the past 3 years? (3) Are the taxes business related? (2) Is soeone else also responsible for the taxes (spouse)? (4) Has the IRS started a levy ot garnishment? (5) Has the IRS determined that there may be fraud issues in the filing of the tax return? At the Law Office of John Bristol we can explain all of your options to discharg tax debt.
Short Videos That Help Explain Discharge Of Tax Debt In Bankruptcy:
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Chapter 7 Bankruptcy Or Chapter 13 Bankruptcy
The Bankruptcy Law Office of John Bristol has filed more than 10,000 cases in the Southern District of Florida since 1988. We concentrate our law practice on Chapter 7 Bankruptcy (liquidation) and Chapter 13 Bankruptcy (personal reorganization) cases in Fort Lauderdale and Broward County, Florida
The most devastating IRS collection method is an IRS levy. This action is the IRS' legal seizure of your property, assets or bank account to satisfy an unpaid tax debt. Unlike an IRS tax lien, which only lays claim to a taxpayer's property or assets, an IRS levy is the physical action of the government seizing and selling your assets.
For many taxpayers, paying their tax debt isn't an option. That is why the IRS has numerous IRS programs that taxpayers can apply for to discharge tax debt. Taxpayers who are currently under an IRS lien or received a lien notice should consult with a tax professional for a free tax debt consultation on IRS lien solutions!
When the IRS decides to issue a bank levy, the IRS will notify your bank with a Notice of Intent to Levy. The bank will be legally bound to freeze all funds in all accounts under the taxpayer's name, including checking, savings, joint accounts, and CDs. If you fail to take action, the funds are released to the IRS. Furthermore, if the IRS levy did not resolve the tax debt, the IRS may begin other collection actions also. Information from the US Tax Court. Call the Law Office of John Bristol for a Free Consultation for information to discharge tax debt.
The Law Office is on the Corner of Sunrise Boulevard and Pine Island Road
From I 95: Take Sunrise Boulevard West to Pine Island Road
From I 595: Take Pine Island Road North to Sunrise Boulevard
1776 N. Pine Island Road, #224
Plantation, Florida 33322
Please Contact Us With Any Questions
The Law Office of John Bristol, 1776 N. Pine Island Road, #224, Plantation, Florida 33322 is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Disclosure: The hiring of a lawyer is an important decision that should not be based solely on advertising. Before you decide please ask us for information concerning out qualifications and experience