Fort Worth IRS Tax Debt Relief Attorney

Irs Debt Relief From A Fort Worth Attorney

The notion that tax debts cannot be forgiven in personal bankruptcies is a common misconception. While it is true that some taxes are not discharged in bankruptcy proceedings, others can be wiped away as part of a Chapter 7 or Chapter 13 filing.

The fact that it is challenging to determine which tax debts can be discharged and which ones cannot is evidence that enlisting the services of an experienced and knowledgeable Fort Worth bankruptcy lawyer is critical to receiving the maximum benefits of bankruptcy. The Steele Law Firm, PLLC, has helped hundreds of Metroplex residents resolve financial problems, including discharging tax debts, using the protections provided in the U.S. Bankruptcy Code.

Timing Is Critical In Achieving Irs Debt Relief

The only taxes that can be discharged in Chapter 7 bankruptcy are federal or state income taxes. Property taxes, tax liens, trust fund taxes and other non-income-related taxes cannot be discharged. In order to be discharged as part of a Chapter 7 bankruptcy, your tax debt must be:
  • From a tax return that was due at least three years before you file for bankruptcy
  • From a tax return that was filed at least two years before filing for bankruptcy
  • Assessed by the Internal Revenue Service (IRS) within eight months (240 days) before you file for bankruptcy
Also, in order to have taxes discharged as part of a bankruptcy process, you cannot be guilty of intentionally evading tax laws.

Filing Bankruptcy Stops Irs Penalties And Collections

The IRS is a powerful entity that can be relentless when it comes to collecting back taxes. It also adds significant penalties that continue to accrue if you do not pay the balance due. Filing bankruptcy places an automatic stay on these actions. The penalties will not grow and the IRS will not be able to garnish your wages or liquidate your bank account.

The IRS is an aggressive creditor with unmatched power. As an bankruptcy attorney, I have extensive experience helping Texas residents get tax debt discharged or work out an IRS debt repayment plan in Chapter 13 bankruptcy.

Contact me to schedule a free consultation. I will review the facts of your case and recommend the best course of action.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

We Can Help

contact us today

WE'RE HERE FOR YOU

Schedule a Free Initial Consultation
(682)231-0909
3629 Lovell Ave, Ste. 100
Fort Worth, TX
Directions
Disclaimer(Required)
This field is for validation purposes and should be left unchanged.
  • Can I Be Denied Chapter 13 Bankruptcy?

    When most people consider filing for bankruptcy, a common concern is whether they will be able to keep their property during the bankruptcy proceedings. […]
    read more

    Can I Keep My Cell Phone in Chapter 7?

    We all like to believe that carefully managing our budget and paying our bills in a timely manner is sufficient for maintaining financial security. […]
    read more

    Top 8 Reasons You Need a Bankruptcy Attorney

    There are many reasons a person might find themselves in need of a bankruptcy attorney. If you are considering this step, know that it […]
    read more
  • Consider This: What Does Declaring Bankruptcy Do to Your Debt?

    Having to make the decision of whether to declare bankruptcy is never easy. If you are considering filing for bankruptcy, your head is likely […]
    read more

    How Much Do You Have to Be in Debt to File Chapter 7?

    It can be scary to think about, but many of us are just an accident or setback away from being in financial hardship. Though […]
    read more

    What Do You Lose If You Declare Bankruptcy?

    Most people try their best to manage their finances properly. However, because of a lack of resources or hard times, some people find themselves […]
    read more
  • 5 Tips For A Successful Bankruptcy

    Whether it is due to a monetary emergency or an unending stream of mounting debt, individuals can quickly find themselves facing financial peril. From […]
    read more

    The Steps To Take After Successfully Emerging From Bankruptcy

    On Behalf of Steele Law Firm PLLC | Feb 4, 2021 | Personal Bankruptcy You did it. Good for you. You have successfully emerged from bankruptcy, but not […]
    read more

    The Most Common Bankruptcy Filed

    On Behalf of Steele Law Firm PLLC | Jan 28, 2021 | Chapter 7 Choosing to go into bankruptcy is not typically the option that debtors in Texas […]
    read more