Kentucky Bankruptcy Attorney
Helping You Understand the Tax Implications of a Bankruptcy Filing
If you have an unpaid tax bill with the Internal Revenue Service or with the state tax authorities in Indiana or Kentucky, you may have questions about whether your tax arrearages can be discharged in a personal or business bankruptcy filing. You may have received a letter from the IRS threatening legal action. You may have heard the term "offer and compromise" and wonder how it applies to your tax debt. You need an experienced debt relief lawyer to protect your rights and help you understand your options.
At the offices of Denise Brown, Attorney at Law, in Louisville, we have helped clients throughout Kentucky and southern Indiana resolve state and federal tax problems for over 20 years. We understand how tax obligations are treated by the bankruptcy laws and will help you accomplish your goals efficiently and effectively. Contact us to set up a free initial consultation.
As a general rule, tax debts cannot be discharged through a bankruptcy filing. If the tax bill is over three years old and your tax returns were timely filed, you may be able to discharge the debt. In all instances, however, you can include tax arrearages in a Chapter 13 plan. If you do, interest and penalties will not be assessed on the tax liability during the repayment period.
At my offices, we will help you understand your options and the consequences of the different choices you can make. We work with businesses as well as individuals who seek to have tax arrearages discharged in bankruptcy or who wish to explore alternative means of settling a tax arrearage. We have worked with many small businesses that sought assistance with the resolution of withholding or payroll tax debts. Though we can often file a Chapter 7 or Chapter 11 petition to invoke the provisions of the automatic stay, the actual settlement of the tax arrearages requires a comprehensive understanding of the bankruptcy laws.
For experienced and effective representation in all matters involving the settlement or discharge of tax arrearages, contact the offices of Denise Brown, Attorney at Law. We offer a free initial consultation. Evening and weekend appointments are available upon request.
