Washington Bankruptcy and Tax Lawyer
It is a common myth that bankruptcy will not eliminate your tax liability when, in fact, the Bankruptcy Code provides many individuals with some form of income tax relief. The extent of tax relief will differ for each person and is dependent on the nature of the tax liability and the type of bankruptcy filing.
If you are considering filing for bankruptcy and are curious about the tax implications, contact a Seattle bankruptcy and taxes attorney or call 425-283-0432 for a free initial consultation. From our offices in Bellevue, Washington, we help individuals and families throughout the Seattle metro region.
Determining if Your Tax Debt Is Eligible for Discharge
In general, tax liabilities cannot be discharged through bankruptcy, but there are some instances where you may able to have your tax debt discharged. At CBG Law Group, PLLC, we can meet with you and help determine whether your tax debts can be discharged through Chapter 7 bankruptcy, Chapter 13 bankruptcy or Chapter 11 bankruptcy. Tax debt may be eligible for discharge if:
- The unpaid taxes relate to an income tax return that is at least three years old
- The tax debt is related a to a return filed at least two years ago
- The tax debt is not based on a fraudulent tax return
- The IRS must assess the tax debt at least 240 days before you file for bankruptcy
- You have not been charged with tax evasion
In addition to the burden of tax debt, unpaid taxes may lead the IRS to assess you monetary penalties. An experienced tax attorney can review your situation to see if it is possible to reduce or eliminate any outstanding penalties related to unpaid taxes.
Call a Washington State Tax Relief Lawyer for a Free Initial Consultation
To find out if your tax debt can be discharged through bankruptcy, contact a Washington State tax relief lawyer or call us at 425-283-0432 for a free initial consultation. We work alongside our clients and provide a personal level of service that you will not find at most law firms.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
