STOP TAX GARNISHMENTS!
Taxes and Bankruptcy: The Nuts and Bolts
Back Taxes And You!
You're worried about not paying some money that you owe the IRS! Well!
Why shouldn't you be worried? Back taxes owed is nothing to ignore!
What's that you say? You don't have the money and you can't raise it! If
you owe State, Federal, or local taxes and you are also behind in other
payments to creditors, Federal Laws can give you assistance.
Filing Bankruptcy Stops Tax Garnishments!
Many times, the biggest pressure on you is the garnishment the IRS or
State Revenue Office has in place....a ghat is desperately needed
to take care of you and your family. Filing bankruptcy stops tax
garnishments....Cold. As soon as the taxing authority finds out about
your bankruptcy, it is supposed to act immediately to stop the
garnishment. How powerful is that? It does NOT matter what kind of tax
you owe. The garnishment must stop. You may still owe for the tax, but
with the garnishment stopped and the other powers bestowed upon you by
filing bankruptcy, you are in a better position to deal with that tax on
terms you can afford, with you in control...instead of them. And...if
the tax is of a kind that you can get rid of in bankruptcy...that is the
end of the garnishment...forever.
A Lot Of IRS Income Taxes Are Dischargeable:
Next....if your problem is Income Taxes (as opposed to something like
Withholding taxes), we first look to see how old it is. Why?
Because...if the taxes you owe are more than 3 years old, you may not
have to pay them back at all. Let me repeat that. You may not have to
pay it back at all. Most people and even some bankruptcy attorneys don't
know this....but the fact is that certain older taxes are
"dischargeable"....which means you can get rid of it by filing
bankruptcy and not pay it back...ever. There are 4 rules to apply to see
if your back income taxes are dischargeable....but fortunate for
you.....we know the rules....inside and out. We apply these rules all
the time.....and we also know how to get dead-accurate information from
the IRS itself to verify what you owe and whether it is dischargeable
under these 4 rules.
Suffice it to say.....we get rid of hundreds of thousands of dollars in
income taxes for our clients every year.
What About The Taxes I Canno Get Rid Of?
We can get you up to 60 months to pay it back. This assumes you file the
"Loan Consolidation" type of Bankruptcy case. This is also called a
"Chapter 13 case".
What does this mean? It means you can get the IRS off your back for 60
months. It means you can set up payments that may be affordable. For
instance....if you owe the IRS $12,000.00 in "non-dischargeable" taxes,
you can....in most cases....force the IRS to take payments of as little
as $52 per week. In many...if not most....cases, you can also force the
IRS to take payments....without adding interest. That's a lot better
than just worrying.....a lot better than having the IRS grab your stuff
or levy on your bank account.....or worse...a lot better than having the
IRS garnish your wages.....and a whole lot better than having to come up
with $12,000 in case.
Disclaimer:
Sure there's more too it than just this, but it's complicated to
generalize and cover everyone's potential situation. Results will vary
depending on a lot of things. This example and explanation covers a good
general description of how Federal Law takes a situation and fixes it
for you. This information is general.....but should tell you that even a
very bad situation can afford some fantastic possibilities if you talk
to the right person.
The attorneys at Rubin & Associates, P.C. have handled thousands of such
situations and can talk with real expertise in these matters. Not
everyone can boast such numbers. We can sincerely help most people that
come in and talk to us.
The problem will never just go away by itself! You need to take some
action and it has to be the right action! Call for a FREE Confidential
Appointment! We will give you all of your options!
Call now for a free initial consultation! We can help!
We can solve most of your financial problem..... and a few more.....
that you might not know you have!
Call toll free. Call 1-800-THE-DOGS today.