You’ve likely heard the phrase, “the only things certain in life are death and taxes.” Well, in many ways, this is true, however, when a person finds themselves unable to keep up with their taxes and accrues a significant amount of debt, it’s time they start considering their legal options. A competent Kentucky tax debt relief lawyer from Schwartz Bankruptcy Law Center may be able to help. Read on and contact us today to learn more about what we can do for you.
At Schwartz Bankruptcy Law Center, we understand how crucial it may be for someone to discharge their tax burden along with another debt in bankruptcy. Using our knowledge of the bankruptcy code, our firm helps individuals and families all over Kentucky and Indiana get the most out of their bankruptcy petitions. Our principal Louisville, Kentucky debt relief lawyer, Richard A. Schwartz, has taught many seminars and continuing education courses for lawyers on the topic of discharging taxes in bankruptcy, and he is able to explain this process clearly to you as well.
When financial situations change significantly, it is not uncommon to see other financial aspects of your life become impacted as well. Your taxes are a prime example of this fact. Like many people, you may find it difficult to overcome an immense tax debt because its status often protects it from discharge in the bankruptcy process. Because of this, you may be forced to make difficult decisions about your debt, including paying your tax burden.
In most cases, auditors and other IRS professionals have very little incentive to work with taxpayers to resolve difficult and confusing debt situations. Instead, they may leverage huge penalties against individuals, ranging from fines and property seizures to actual jail time, in an effort to get them to pay their tax burden.
Our firm uses the power of the bankruptcy code to help individuals facing difficult tax burdens find relief. We provide smart solutions such as:
The bottom line is that if you find yourself unable to pay off accrued tax debt, our legal team is here to help bail you out. Contact a tax debt relief lawyer from Schwartz Bankruptcy Law Center today to schedule your initial consultation with our firm so we can help you explore your options going forward.