Tax Debts
When facing staggering debts, you may feel trapped and helpless. If you owe creditors more money than you can pay, filing for bankruptcy may be an efficient way to resolve your debts. However, it is important to note that some debts cannot be discharged by filing for bankruptcy. For example, most money owed to the IRS (Internal Revenue Service) is non-dischargeable. Only if certain qualifications are met will you be able to discharge debts to the government.
If you are struggling to pay off creditors, you need the help of an experienced bankruptcy attorney. Contact the West Palm Beach bankruptcy attorneys of the law office of Eric N. Klein & Associates to discuss your legal options. Call 561-353-2800 today to speak with a qualified attorney about your finances.
Discharging Taxes
In order to discharge taxes, certain conditions must be met. Any tax debts that are three or more years old may be considered for discharge. Additionally, if a tax return was filed two or more years ago, it may be considered for discharge. In order to qualify for a tax discharge, the following must apply:
- You have never been found guilty of tax evasion in court.
- The tax returns in question were not fraudulent.
If you are in debt to the IRS, it is important that you get your financial problems resolved. Contact a bankruptcy West Palm Beach bankruptcy lawyer to learn about your legal options.
Contact Us
For assistance filing for bankruptcy, or to learn more about how bankruptcy can help you resolve your debts, contact the West Palm Beach bankruptcy attorneys at the law office of Eric N. Klein & Associates, P.A. at 561-353-2800 today.
