Many consumers have heard that tax obligations owed to the IRS or State Franchise Tax Board are not dischargeable in bankruptcy. While obtaining a discharge from a tax debt can be complicated, our attorneys at the Shakoori Law Group have helped debtors throughout Orange County and elsewhere in Southern California obtain a partial or sometimes even total discharge from outstanding tax obligations. Certain types of debt are more difficult to deal with in bankruptcy than others so it is advisable to consult with a qualified Southern California bankruptcy attorney if you have unfiled taxes or outstanding tax obligations.
There are several prerequisites that must be met before any tax can be discharged in bankruptcy. The minimum requirements for discharging federal or state income taxes are (all of the following must be met): (1) it has been more than 3 years since the returns were last due (including extensions) to be filed, (2) the returns were timely filed or it has been at least 2 years since the returns were filed, (3) there was no fraud involved or attempts to evade the tax, and, (4) the taxes were not assessed within the last 240 days. If all of these conditions have been met, we may be able to obtain a Chapter 7 bankruptcy discharge from your unpaid federal or state income tax obligation.
Even in cases where a complete discharge of the entire tax obligation is not possible through a Chapter 7 bankruptcy, we may be able to obtain a discharge of part of your unpaid tax obligation and obtain more favorable payment options through a Chapter 13 bankruptcy. The IRS and franchise tax board can be ruthless when it comes to enforcing tax obligations including garnishing your wages, levying against your bank account as well as other draconian measures. The Shakoori Law Group may be able to file a Chapter 7 or Chapter 13 bankruptcy to obtain protection from such collection efforts and help you obtain at least a partial discharge from your unpaid tax obligations. Sometimes sales taxes and other taxes, such as, those owed to the State Franchise Tax Board, Board of Equalization or Employment Development Department may also be dealt with in a bankruptcy case.
We have helped hundreds of families just like yours throughout Orange County and Southern California. The Shakoori Law Office is conveniently located in Santa Ana, California and assists clients throughout Southern California including but not limited to the following: Santa Ana, Tustin, Fullerton, Orange, Anaheim, Irvine, Newport Beach, Costa Mesa, Fountain Valley, Huntington Beach, Westminster, Garden Grove, Orange, Buena Park, Placentia, Yorba Linda, Irvine and throughout Los Angeles, Riverside and San Bernardino Counties.
Call today for your no obligation free initial consultation 800-578-0922.