IRS Tax Relief in California
If you have fallen behind on your IRS income taxes, ignoring the problem will just make it worse. The longer you delay payment, the higher the penalties, interest charges, and fees that you owe will be. When you don’t pay on time, the IRS can take your tax refund and even place liens on your property.
Many people are surprised to learn that you are allowed to wipe out certain IRS debts in bankruptcy. If you’ve filed your returns, you can include qualifying back taxes when you file.
If your Los Angeles family is struggling under the weight of overwhelming IRS tax debt, DebtStoppers can help you start over fresh. Call or text us today at 323-916-8660 to request a free debt analysis with one of our experienced California lawyers.
The Tax Laws in California
In bankruptcy laws in the state of California let you wipe out qualifying unpaid taxes and most of your other debts. Whether you choose Chapter 7 or Chapter 13, bankruptcy provides quick and lasting relief from tax obligations.
With Chapter 7, you can eliminate your unsecured debts, including qualifying overdue taxes. If you choose Chapter 13, you can restructure your debts, including IRS taxes, into a 3-to-5-year plan to reimburse around 10% of what they owe.
Regardless of which chapter is the best choice for your family’s financial situation, DebtStoppers will help you through every step of the process. We’ll help you handle the IRS and move on. Instead of spending sleepless nights worrying about debts, you can actually start to enjoy your life again.
Help With Forms and Tax Liens
To file bankruptcy in California, you are required to fill out certain legal forms and file them with the district court closest to you. The documents you need to submit will depend on the chapter you choose to file. Your DebtStoppers lawyer will help you gather the data you need to include in the forms and ensure they are completed correctly.
You should also keep in mind that, while filing for bankruptcy can discharge back taxes, pre-existing tax liens will not be eliminated in the process. This means that even though wiping out your tax debts will prevent the IRS from going after your property or garnishing your wages, you still have to pay the lien in order to sell the property.
For this reason, if you’re falling behind on your tax payments, it’s crucial that you file for bankruptcy before the IRS can record any liens on your property.
Our California Attorneys Can Help
If your family is buried under a mountain of debt, our skilled California lawyers can help you break free. Our knowledgeable legal team can evaluate your financial circumstances and help you decide on the right debt solution for your family. Call or text DebtStoppers today at 323-916-8660 to schedule a free consultation with one of our qualified California attorneys.
We can help your family leave behind tax debt and get a second chance at the life you’ve always dreamed of. Call or text DebtStoppers today at 323-916-8660 to get request your tailor-made debt elimination plan.