How Bankruptcy Affects Tax Debt
Taxes and bankruptcy do go hand in hand. Often, people who have financial problems also have tax issues. While bankruptcy does not fix all tax problems, working with an experienced legal team makes it possible to clear up many of these outstanding issues. This can not only go a long way toward relieving stress, but it can help clear the way to resolve all other types of problems as well.
At Kingcade Garcia McMaken, we are proud to be bankruptcy professionals who can help people with all types of financial problems, including tax issues that may affect their bankruptcy petition. We spend our days helping people from every background imaginable build a better tomorrow. To work with a team that is committed to helping you achieve a brighter financial future, contact us today and schedule a free initial consultation.
Resolving All Types Of Tax Issues
Our lawyers can help you resolve tax law issues such as:
- Tax liens
- Tax levies
- Garnishment of wages
- Other IRS problems such as notices, fines and penalties
Did you know that the IRS is the only public or private entity that can garnish your wages without a court judgment against you? This means they can take money right out of your check without going through a long administrative process. If your wages are being garnished, we can help you explore options to stop this, including whether filing for bankruptcy is the best option.
Crafting Solutions That Fit Your Financial Needs
As your attorneys, we will carefully evaluate your case and your tax burden. If bankruptcy is the right answer for you, we will make sure you file at the right time and that you navigate the process correctly so there are no problems, delays or other issues that may prolong garnishment.
Bankruptcy can lead to having certain tax debts discharged, but if we are not able to accomplish this, we can at least take steps to stop collections for up to six months. We will counsel you about every option and help you make the best decision.
We know from experience that it takes time and attention to detail to figure out what the best pathway to a better financial future is for each client. When you hire our office you work directly with a highly experienced bankruptcy attorney. We consider a wide range of issues and we tailor a plan that takes into account all of your circumstances as well as your short- and long-term goals.