Johnson County Tax Debt Lawyers
Can Bankruptcy Help Me with Back Taxes?
Most people believe bankruptcy cannot help you with your taxes because most tax debts are not dischargeable.
The reality is that some tax debts can be discharged, but it depends on certain factors, such as:
- How old the tax debt is
- Whether you filed the returns on time
- Whether the taxing authority has filed a tax lien
For most filers, some of their tax debts are dischargeable and some must be paid. The non-dischargeable tax debts can be paid over time in an affordable manner with no additional interest and penalties.
Let our firm help you. Call our Kansas City and Johnson County Bankruptcy attorneys at (913) 742-8700 to schedule your free initial consultation.
What If I Have Not Filed Tax Returns for Years?
The law requires that for every year you earned any substantial amount of taxable income, more than $4,000 per year, you are required to file a tax return. All missing returns will need to be filed.
Our office has tax preparers on staff that can assist you in getting those returns filed. After the returns are prepared and filed then we can work together and:
- Assess what tax debts have to be paid
- Create a plan to get them paid
- Stop additional interest and penalties
- Protect you from a tax levy or garnishment
It is very important to remember that TAXING AUTHORITIES CAN GARNISH 100% OF YOUR WAGES if you continue to ignore them.
Can I Discharge My Tax Debts?
Some taxes are dischargeable in bankruptcy. However, there are some very complicated rules governing the dischargeability of taxes.
The only way to determine whether your tax debts can be discharged is to gather all of the information on the tax years that you owe back taxes, ensure that the tax returns have been filed, and bring that information to a tax and bankruptcy professional.
As you prepare for this meeting you should request transcripts from the IRS on all years in controversy. You can go to the IRS office at 6717 Shawnee Mission Parkway, Shawnee KS 66212 and they will provide these documents on the spot.
Once you have obtained the transcripts you will have already taken the first step to addressing your tax issues.
Tax debt can be scary but our firm will assist you through the whole process, including preparation of old unfiled returns and contacting the taxing authorities on your behalf to establish reasonable payment arrangements. Reach out to Moore & Associates, LLC to schedule a consultation today.