Eliminating Or Discharging State And Federal Taxes
All tax problems benefit immediately from the assistance of qualified and experienced tax professionals. As attorneys with a full working knowledge of all the legal options and alternatives we can halt collection actions and resolve all types of tax problems. While all individuals and small business tax problems are unique, success is always based upon the knowledge and reputation of your chosen legal counsel. Tax problems are uniquely solvable in the hands of our committed local tax relief attorneys.
All chapters of bankruptcy allow for specialized relief from all types of local, state and federal taxes by bankruptcy law overrides tax law and allows for immediate protection and taxpayer relief.
Bankruptcy law provides favorable alternatives for all types of taxes at any level of collection. All bankruptcy filings crate an automatic stay that stops collection liens or levies by federal, state or local taxing authorities while also providing a full range of comprehensive tax relief, including:
- Older State Income Taxes can be discharged
- Older Federal Income Taxes can be discharged
- State Payroll Taxes can be paid under Chapter 13
- State Sales Taxes can be paid under Chapter 13
- Federal Payroll Taxes can be restructured under Chapter 11 or Chapter 13
- Real Estate Taxes can be repaid under Chapter 11 and Chapter 13
- Older Personal Property Taxes are dischargeable
To learn more about bankruptcy tax relief, speak with an experienced Shelton tax relief and bankruptcy attorney at the Law Offices of Neil Crane - 203-230-2233 or toll free at 1-888-249-3027.
Experienced Tax Relief Under Chapter 7, Chapter 11 and Chapter 13 Bankruptcy at The Law Offices of Neil Crane
The proper filing of any bankruptcy petition "stays" all tax collection actions, including liens, levies or seizures immediately upon filing through the creation of an automatic stay.
Chapter 7, Chapter 13 and Chapter 11 bankruptcy cases can be used to discharge older taxes while providing protection and affordable repayment plans on favorable terms for more recent non-dischargeable taxes.
Chapter 7 tax relief eliminates nearly all forms of unsecured debt and also discharges older state and federal income taxes. In order to qualify for discharge under Chapter 7, the tax must meet certain basic criteria:
- Income Taxes due for a period of over three years prior to the Chapter 7 filing
- Tax returns must be "filed" for over two years prior to the bankruptcy filing
- No "assessments" within 270 days of the bankruptcy filing
Chapter 13 Bankruptcy Tax Relief: Chapter 13 provides all the tax benefits of Chapter 7 with additional coverage for the repayment of other forms of tax debt, including recent taxes and Trust Fund taxes which are repaid over a three-to-five year schedule.
Chapter 11 Bankruptcy Tax Relief: Personal Chapter 11 cases provide the tax benefits of Chapter 7. All Chapter 11 proceedings allow for the repayment of taxes over a five year period with affordable monthly terms.
To learn if bankruptcy law can solve your tax problems, call us for a free initial consultation. You'll always speak with an experienced tax relief and bankruptcy attorney - We never use voicemail. Call us at 203-230-2233 or toll free at 1-888-249-3027, or fill out our online Contact Form today.