Discharge Your Tax Debt in Chapter 7
Are you stuck paying tens of thousands of dollars in back taxes and penalties from old tax debts? If your tax debt does not fall into any of the following categories, then it is very likely your Woodlands Bankruptcy Attorney can get the debt discharged in Chapter 7 bankruptcy:
1. Any tax for which a return was not filed, for which a fraudulent return was filed, or which the debtor willfully attempted to evade;
2. Any tax with respect to which a late return was filed within two years before filing for bankruptcy;
3. Income Taxes:
a – for which a return was last due within 3 years of filing for bankruptcy; or
b – assessed within 240 days before filing for bankruptcy; or
c – not yet assess, but assessable after filing bankruptcy.
4. Property taxes assessed before filing and payable without penalty less than one year before filing.
If your tax debt does fall into one of the categories described above, then you may be eligible to discharge your debt at a later date provided you did not willfully attempt to evade the tax.
Contact The Shea Law Firm at (832) 592-7913 if you need to speak with an experienced bankruptcy lawyer about how to lose your tax debt, credit card debt, and debt from medical bills.
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