Relief From Crushing IRS Tax Debt
Many California bankruptcy lawyers will not handle cases involving substantial IRS tax debt. They simply may not be qualified to analyze IRS tax debt in order to determine whether or not it can be discharged in bankruptcy.
At Weintraub & Selth, our attorneys know that IRS tax debt can, in fact, be eliminated in bankruptcy under specific circumstances. You will not know whether bankruptcy is a realistic option for eliminating crushing IRS tax debt until you speak to an attorney who understands the system and the law. Please contact us today to schedule an appointment for an informative consultation and case evaluation.
IRS Tax Debt Relief Options
Even in cases where IRS tax debt cannot be discharged in bankruptcy, our team can help you analyze your other options, including making an offer in compromise to reduce the overall amount of tax debt you owe the IRS. We can also help you negotiate an installment agreement that allows you to pay back IRS tax debt in two years
Under Chapter 11 of the Bankruptcy Code, corporations and individuals are allowed five years, a much longer term that is typically available out of court, in which to repay IRS tax debt. Filing bankruptcy is also an effective way of preventing the attachment of a tax lien and avoiding the accrual of interest and penalties.
To discuss your particular circumstances with an experienced California bankruptcy and IRS tax debt relief lawyer, please call our L.A. offices at (310) 584-7702 or toll free at (866) 572-2423. You may also e-mail us now with any questions or to request an appointment.
