Bankruptcy and Taxes

Oakland Tax Debt Attorney

Eliminate Your Tax Debt In Bankruptcy

As anyone who owes taxes to the IRS or Franchise Tax Board knows, both these agencies have become more aggressive in their collection practices as they search for revenue. This can often lead to tax liens being placed on your home, wage garnishment orders and/or bank levies being placed on bank accounts. Facing the IRS or Franchise Tax Board can be completely overwhelming and often times people don’t act until their money or property have been seized. The good news is that bankruptcy can help. Bankruptcy Lawyer Melanie Tavare has extensive experience helping people solve their tax problems in bankruptcy. If you owe taxes to the IRS or Franchise Tax Board and can’t afford to pay them, bankruptcy may be an effective tool to deal with your tax problems.

Discharging Tax Debt in Bankruptcy

There are a number of complicated rules that govern whether or not you can discharge tax debt in bankruptcy. In general, taxes that became due within the last three years are not dischargeable. However, if you owe older taxes and have filed returns for those years, you may be able to discharge your tax debt completely through bankruptcy. At the Law Offices of Melanie Tavare, we have the expertise needed to determine if your tax debt is eligible for discharge in bankruptcy.

Repaying Tax Debt in Bankruptcy

If the tax debt you owe is recent than you cannot discharge it in bankruptcy. However, you can file a Chapter 13 and repay the debt over three to five years while wiping out your other unsecured debt, such as credit card debt and medical bills. One of the main advantages to this approach is that often times you can pay back the tax debt without accruing penalties and interest. This is a huge benefit and can often save you thousands of dollars in late charges and interest. Attorney Melanie Tavare can help you file a plan that repays your tax debt and allows you to finally be free of the heavy burden of tax delinquency.

Automatic Stay

If you are facing a tax lien, wage garnishment, or bank levy from the IRS or Franchise Tax Board, bankruptcy can provide immediate relief. When you file bankruptcy an automatic stay goes into effect which prohibits your creditors from collecting on their debt outside of your bankruptcy. The tax debt will then be discharged in the bankruptcy or a repayment plan will be set up. However, in either case the tax agency cannot collect on its debt outside of the bankruptcy. This means that you are once again in control of your finances and can stand up to the IRS or Franchise Tax Board.

Contact us Today

The Law Offices of Melanie Tavare can help you solve your tax problems. If you owe money to the IRS or Franchise Tax Board don’t let another day go by. Find out how bankruptcy can stop the IRS and Franchise Tax Board from collecting against your assets. Call us today for a free tax debt consultation.

The Law Offices of Melanie Tavare is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.