It is not uncommon for people to be in debt to the Internal Revenue Service (IRS) or to owe other taxes. If you were unable to make your tax payments due to financial reasons, and exhausted all of your extensions, you may be feeling like there is no solution. Owing a large amount of money to the government can be overwhelming, and it is close to impossible to find an IRS worker who can offer a solution. However, many people do not realize that filing for bankruptcy can often discharge income tax debts. Our Omaha bankruptcy attorneys can help you determine if filing for bankruptcy is a viable option to handle what you owe to the IRS. Contact our office today and learn how we can help you.
Attorneys helping Omaha residents discharge income tax debt under chapter 7 bankruptcy
Dealing with taxes through bankruptcy is extremely complicated. The only type of federal tax that can be discharged is that for income taxes. Payroll taxes or fraud penalties can never be eliminated through bankruptcy. Furthermore, income taxes cannot be discharged if you purposefully attempted to evade paying through fraudulent means. Income taxes may be eligible for discharge if you filed a tax return in the last two years, your debt is more than three years old, and it has been at least 240 days since the IRS assessed your debt. The many factors involved in determining if and when you can discharge your tax debt means you should hire an attorney experienced in the process to successfully guide you.
Our Omaha bankruptcy attorneys will assist you dealing with debts for income taxes. Burke Smith and Dana Ulrich are experienced and knowledgeable in dealing with tax debts. Our lawyers practice exclusively in the areas of bankruptcy and consumer protection and are ready to assist you. Contact our office today.
Omaha attorneys who provide personal attention to ease the stress of bankruptcy
Filing for bankruptcy is never an easy decision to make. It can be made worse if your attorney does not explain to you your options or what is happening. Our attorneys are proud of the amount of attention given to our clients. We meet with each client personally and handle every case from beginning to end. We will answer all of your questions and continue to represent you, even after your case is discharged and dismissed. We are committed to helping you get back on your feet and out of financial trouble. Our office is located in Omaha and we help people throughout the state of Nebraska. Contact our office today.