Why should I consider discharging taxes in bankruptcy?
Discharging Tax in Bankruptcy Chandler AZ
1) Filing a bankruptcy will immediately stop all levy and seizure action. Levies against wages and bank accounts are released.
2) The IRS has no decision power on bankruptcy matters. If you can file a bankruptcy and the taxes are qualified for discharge, the bankruptcy option will work every time.
3) Bankruptcy takes care of not only the tax due but also interest and penalties.
4) Offers are becoming increasingly difficult to get IRS acceptance.
5) Discharging tax in bankruptcy Chandler AZ can solve both your tax and not tax debt. If you have significant credit card debt, a judgment against you or large medical bills, filing a bankruptcy can resolve all of your debt issues.
6) An offer in compromise will only take care of your IRS debt. If you owe state taxes, the option of filing bankruptcy to discharge federal and state taxes is a major advantage over filing an offer in compromise.
Scott Allen E. A.
Tax Debt Advisors, Inc