I Need Answers For: Past Taxes Owed
Do you owe past due taxes? Are you struggling to meet monthly expenses and feel like you are drowning in debt? Concerned that the IRS will take steps to collect the taxes that you owe? These are all common issues that are faced by Americans every day. Whenever the IRS or other tax agencies are involved there should be reason for concern. Many Americans want to pay the taxes they owe, but if you do not have the available funds and there are no other resources available you may feel trapped but there are answers and assistance available.
Tax Garnishments Can Be Stopped Immediately By Filing For Bankruptcy Protection
If you owe back taxes to the federal government, state tax authority, or local tax agency and you have problems meeting all of your bills and expenses then bankruptcy may be able to help. Wage garnishments are a common tool used by the IRS, state, and local governments to collect any unpaid taxes, penalties, and interest assessed. A wage garnishment will make your financial situation even more difficult because your paycheck will be far less due to the garnishment order. As soon as you file for bankruptcy all wage garnishments and other collection activities are stopped immediately.
Once a creditor receives a notice of the bankruptcy filing the wage garnishment must stop right then. The type of taxes owed does not matter. This gives you some space and allows the bankruptcy court to determine whether a specific tax owed can be discharged or not. In the end the tax may still be owed, but you will be in control and will get the answers and assistance you need. Some tax debts can be wiped clean and eliminated while others may not be discharged in bankruptcy.
Bankruptcy Can Discharge Some Unpaid Tax Debts
Some types of past due taxes owed can be eliminated by the bankruptcy court while others cannot. The type of tax owed will play a part because withholding taxes are different from income taxes. Some income taxes can be discharged and eliminated completely, and these taxes are usually at least 3 years past due and meet certain other specific criteria. A common myth is that bankruptcy cannot get rid of old tax debt but this is not always true. There are 4 main rules that must be met for an unpaid tax debt to be discharged under the bankruptcy laws. An experienced and qualified bankruptcy attorney will understand these rules thoroughly.
The experienced bankruptcy attorneys with Richard West Law specialize in bankruptcy and debt relief law, that is all we do. We can determine whether unpaid taxes can be discharged or must be paid, and work with the tax authority on your behalf to get the best resolution possible in your case. We will also ensure that all of your other debts are eliminated whenever possible as well. This will give you the fresh financial start and brighter future that you want and need.
Every potential situation is different and unique, and the results achieved may vary from one case to another. We cannot guarantee a specific outcome in every case because of the complexity of the laws, but we will work tirelessly to provide the debt relief and answers that you need in your individual circumstances and situation.
A friend of mine told me West & Hurley really knew their stuff about bankruptcy and that is why I chose them to represent me. Everyone treated me with dignity. They didn't make me feel any less of myself for filing bankruptcy. They treated me as a valued client. Whenever I had a question, the secretaries were eager to help me. I always felt satisfied and more knowledgeable in my particular situation at the end of the conversation. I think very highly of all the people at West & Hurley and would recommend their services.Diane Parthe
Me and my wife went though bankruptcy, it's been 6 months and we have a credit card and a 2012 bought new GMC truck. Richard West and Associates did an excellent job helping us file, and help us get our credit back on track. Our paralegal Lisa, did an excellet job helping us with our paperwork. We highly recomend filing with them, we had tried with a different firm, and they didn't help us in the same way, we are happy we had their help and expertise getting us back on track.Janie Wright
My wife and I filled for bankruptcy in 2008 with the help of West & Associates. Mr. West told us in our initial consultation that if we followed his advice and stuck to a plan we could rebuild our credit to a better state than it was before we filled. Though skeptical my wife and I worked hard on things like paying bills on time or early and building our credit little by little. By doing things like this and learning from past mistakes we were able to pay off our bankruptcy a year early and raised our credit score to just under 700 points. That is a 200 point difference from our score prior to getting help from West & Associates. We were also able to buy a new car 6 months after discharge with a very low interest rate. So when people tell you that filling will ruin your credit forever it just isn't true.Sherman Thatcher
I would like to thank the West & Hurley team for their hard work. They did an excellent job and were very professional. The staff was friendly and helpful. I will recommend West & Hurley to my friends.Christina Anglin
It was simply an easy process. They made absolutely sure I fully understood all of my choices. It was vital to me how they wasn't trying to sell bankruptcy since they also told me about other options like credit counseling as well as others. I felt like these people were taking care of My personal best interest...not just trying to find yet another client. I recommend them.A Google User