Back Taxes
Filing taxes is stressful enough, let alone owing and having to negotiate with the IRS.
If you owe IRS debt that is more than three years old, it may be dischargeable in bankruptcy. If the IRS debt is not dischargeable, a Chapter 13 bankruptcy will force the IRS to accept a payment plan to pay the debt back. Of course, this is subject to any objections. However, the IRS is surprisingly non-aggressive with the payment plan terms of a Chapter 13 bankruptcy.
To be prepared to determine if IRS debt is dischargeable, contact the IRS for a tax transcript or a breakdown of what you owe. A bankruptcy attorney can review this to determine if the debt is dischargeable or not.
Sometimes, a person has debt owed to the IRS that is dischargeable and some that is not. In this case, if the IRS is not willing to work with you, a Chapter 13 could be a solution depending on how much you owe. The non-dischargeable IRS debt can be paid back through a Chapter 13 bankruptcy lasting between three and five years.
The Law Offices of Jason Newcombe and its Seattle, WA bankruptcy attorneys know how to create Chapter 13 plans to accomplish paying the IRS back and creating the fresh start you are looking for. We will take the stress away of having to deal with overwhelming debt and the lengthy phone calls to the IRS.
Call us today to learn how we can help you get rid of tax and other debt.