Contact Carver Law Offices for Professional Representation.
Filed for Bankruptcy?
Let Our Firm Handle Your Taxes
Even with the relief it can provide an individual or a business, bankruptcy can still be a difficult and complex process to navigate. Many believe that bankruptcy excuses them, at least temporarily, from financial accountability, but life does continue after bankruptcy and responsibilities remain.
The most forgotten issue is often taxes; bankruptcy does not excuse one from taxes and careful navigation is required when it comes time to report your earnings and file your return.
However, there are some cases in which federal tax debt can be wiped away, specifically if you've filed for Chapter 7 bankruptcy. To navigate these possible advantages, it is crucial that you seek professional insight into your financial situation so that you not only comply with tax regulations, but also receive the benefits and breaks you deserve during this trying time.
Call The Carver Law Office, PLLC to speak with our knowledgeable Oklahoma City tax lawyer today!
When Can My Tax Debts Be Discharged?
If you have filed for Chapter 7 bankruptcy, it is possible to have income tax debt forgiven by the federal government. To qualify for tax debt discharges like this, several conditions must exist.
For federal income tax debt to be discharged, the debts must:
- Be at least three years from when you filed bankruptcy
- Be recorded in a tax return from the year of which they originate
- Be assessed by the IRS 240 days before bankruptcy is filed
- Not be the result of fraud
Contact a Skilled Oklahoma Tax Law Attorney Now
At The Carver Law Office, PLLC we know how uncertain and frightening bankruptcy can be and how it can further complicate your tax filings. We've made it our mission to help countless clients who have filed for bankruptcy comply with tax law and, more importantly, get the relief that their bankruptcy petition allows them.
If you or a loved one has filed for bankruptcy and are unsure how to approach your income taxes, then we invite you to call us The Carver Law Office, PLLC today!
"It was helpful to have a steady reassuring hand to make sure that the issue was resolved in a fair and equitable manner. I can't recommend her enough. You can do no better."Jeff B.
"They communicated closely with our accountant as well as the state tax office. Overall, we were extremely satisfied with the outcome as well as the reasonable cost of service."T N.
"No questions asked, just jumped right in and handled everything. We are so thankful for her help and advice."Jenniffer
"I had a tax lien, and through Ms. Carver, it was resolved beyond my highest expectations. Her communication was excellent, honest, and straightforward, and her fee was a pittance compared to her work and the results she achieved."Chris Liebman
"One call to your office and shortly later, you got the lien released and I was on my way to my first home."P.A. and Family