Get Relief From Tax Debt
Falling behind on your taxes can result in serious consequences if you do not act right away to remedy the situation. The Internal Revenue Service (IRS) and Indiana Department of Revenue (IDR) respectively investigate and collect any delinquent federal and state taxes. If you fall behind on your taxes for too long and do not catch up, you could be subjected to wage garnishment, levies, and other serious forms of debt collection. You could also face serious federal charges and the criminal penalties that come with it.
Fugate Law Firm knows your rights when it comes to tax debt and collection practices. We are more than capable of defending you from unfair debt collection practices taken by the IRS or the IDR. We can also help you resolve the matter for good by getting back on top of your tax debts, by reducing them, or by eliminating them altogether. By filing for bankruptcy, you may be able to eliminate enough of your other overwhelming debts to begin paying what you owe on your taxes.
A Bankruptcy May Elimiate Tax Debt
Often times a bankruptcy can reduce or eliminate your tax debt. It can also help structure an affordable repayment. It is a common misconception that taxes cannot be discharged in bankruptcy. That is simply not true. If your taxes meet certain qualifications, the taxes may go away forever or be significantly reduce. Any taxes that are not discharged may be paid through the bankruptcy or Fugate Law Firm may deal directly with the IRS to resolve the remaining taxes.