Taxes & Bankruptcy

Creative Solutions for Your Tax Issues

With the 2005 bankruptcy law changes, many people think that they cannot discharge any tax burden with a personal bankruptcy. While the rules make it more complicated, you can still discharge tax debts through a Chapter 7 or Chapter 13 bankruptcy.

The Bankruptcy Center of John D. Raymond has been able to help many people in Northern California get all or some of their tax debts discharged. We take full advantage of the tax and bankruptcy laws to obtain maximum debt relief for our clients.

Contact our firm to see if a bankruptcy filing will allow you to eliminate or reduce your tax burden.

Bankruptcy and the IRS

If you owe a significant amount in back taxes to the Internal Revenue Service (IRS), it is still possible to discharge your debt, if you meet the following conditions:

  • You filed a return
  • You did not commit fraud in filing your return
  • You owe federal income tax—not payroll tax
  • Your debt is over three years old
  • You were assessed the tax at least 240 days before the bankruptcy filing

When dealing with income taxes, it is very important to pay attention to all deadlines, including those of the previous tax returns, as they may affect your ability to discharge your debts. Even if you do not fully qualify, we may be able to find a way of getting you relief with a repayment plan without interest and penalties.

One more important fact to consider — as soon as your bankruptcy petition is approved, IRS penalties and interest fees stop accumulating. Call us toll free at (888).554.1065 to discuss your situation.

Small Business Tax Relief

We have also been able to help many sole proprietors of small businesses who owe sales tax, and other municipal and state taxes. Personal bankruptcy may be an appropriate tool to end creditor harassment — including tax collectors — and give you the time to resurrect your business. In many cases, we can get rid of delinquent taxes altogether or negotiate a way to pay it off without interest or penalty.

Contact a San Francisco Bankruptcy and Tax Attorney

Serving clients throughout the entire Bay Area including:

  • Daly City
  • South San Francisco
  • Pacifica
  • San Bruno
  • Oakland
  • Berkeley
  • Richmond
  • Marin
  • And More

If you are more than three years delinquent on your income taxes, contact an experienced Chapter 13 and Chapter 7 lawyer at the Bankruptcy Center of John D. Raymond in San Francisco. We can help you get rid of that tax burden for good.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.