Tax Debt Bankruptcy Attorney in Queens

Are You Overwhelmed by Back Taxes? We Can Help!

If you owe a lot of money in back taxes to the IRS, you probably feel like there’s no way to get rid of your debt. Although discharging tax debt in bankruptcy isn’t the easiest thing to do, it’s possible when you have an experienced and competent attorney on your side.

At the Law Office of Seni Popat, P.C., we can help qualified clients get out from underneath overwhelming tax debt during bankruptcy. The easiest way to pursue tax debt relief this way is by filing for Chapter 7 bankruptcy, but you can rely on our attorney to advise you of all the options that are available to you. We have more than 15 years of experience helping people like you get the debt relief they needed – reach out to us today to learn more about what our tax debt bankruptcy attorney in Queens can do for you!

For a free consultation, please reach out to the Law Office of Seni Popat, P.C. online or call us at (718) 340-3385. 

Requirements for Discharging Tax Debt in Chapter 7 Bankruptcy

Many people don’t believe that it’s possible to discharge tax debt in bankruptcy, but it is. That perception may come from the fact that not all tax debt is dischargeable and certain requirements must be met to get rid of the debt that is.

Here are some of the requirements for discharging tax debt in Chapter 7 bankruptcy:

• The debt is from federal income taxes. Other tax-related debt, such as payroll taxes or penalties incurred as a result of fraud, can’t be discharged in bankruptcy.
• The debt wasn’t incurred because of fraud or willful evasion. You will not be able to discharge the debt if it was the result of a fraudulent tax return or intentionally avoiding tax liability.
• You have filed a recent tax return on time. Qualifying for tax debt bankruptcy means that you must be current and on time with your tax filing. Filing a late tax return may make it difficult or impossible to wipe tax debt.
• You meet the IRS’s “240-Day Rule.” The IRS must have assessed your debt at least 240 days before you file for bankruptcy.

Can I Discharge Tax Debt in Chapter 13 Bankruptcy?

The focus of Chapter 13 bankruptcy is on repaying your debt according to a repayment plan and discharging any that may remain once this plan is successfully completed.

If you pursue tax debt relief by filing for Chapter 13 bankruptcy, you will be responsible for repaying your debt on a plan lasting anywhere between three to five years. As long as you’ve filed your tax returns, certain discardable taxes older than three tax years may be forgiven whether or not they are repaid in full.

While you are on a repayment plan, you also won’t incur any additional penalties or interest on your tax debt. Keep in mind, though, that certain taxes – again, like payroll taxes– can’t be discharged in any bankruptcy chapter. This includes tax liens against your property, although these can be paid off through the repayment plan.

Want to Get Rid of Tax Debt? Contact Us Today!

If you want to explore options that may be available to you, reach out to our tax debt bankruptcy attorney in Queens for assistance. At the Law Office of Seni Popat, P.C., we have more than 15 years of experience guiding clients through tax-debt relief options, including those that involve bankruptcy.

By taking advantage of our free initial consultation, you can learn more about our services and what we may be able to help you accomplish.

For more information, please complete our online contact form and someone from our office will be in touch as soon as possible