Overwhelmed By Back Taxes?
If you owe money in back taxes, you are probably feeling stressed about it. And, in addition to the income tax you owe, there is no doubt credit card bills, a mortgage payment, medical bills, and other expenses are also on your mind. The back tax lawyers Cure & Francis can help you obtain relief from your debts, including IRS tax debt.
Talk to someone today to learn how you can discharge income tax in bankruptcy. Contact our Temple, Texas, lawyers or fill out our bankruptcy intake form.
Schedule a free consultation at our Texas law office today. Our experienced back tax attorneys will discuss all aspects of bankruptcy tax debt and get you back on your feet.
Only individuals can discharge tax through bankruptcy; businesses cannot. Additionally, federal income tax is the only tax eligible for discharge. There are many additional qualifications that must be considered. In fact, tax debt is one of the most complicated components of bankruptcy law.
Our bankruptcy lawyer, James O. Cure, can talk to you about your options for discharging income tax debt. He is board-certified in Texas as a specialist in bankruptcy law.* With more than 40 years of experience, he can provide the skilled legal help you need. He can quickly determine if you meet the qualifications for tax relief under Chapter 7 and Chapter 13.
- Income taxes that are not in the following categories can be discharged in Chapter 7 bankruptcy: taxes included in a tax return that was due to be filed within three years before the bankruptcy filing; taxes that the IRS assessed within 240 days before bankruptcy filing; taxes that have not been assessed but still could be; taxes included in a tax return that was filed late and within two years before bankruptcy filing; and taxes that were filed fraudulently.
- Chapter 13 bankruptcy handles tax debt quite differently than Chapter 7. When taxes are considered nondischargeable in Chapter 13, they must be paid in full without interest in the repayment plan.
Contact Us For A Free Consultation
At the Temple and Killeen law offices of Cure & Francis, P.A., we will help you every step of the way. If you have questions, please contact attorney James O. Cure for a free initial consultation regarding bankruptcy tax debt.
*Board Certified in Consumer Bankruptcy Law and Civil Trial Law by the Texas Board of Legal Specialization.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.