Baltimore Tax Attorneys: Stop Foreclosure Now!
Bankruptcy can provide relief. Some taxes and penalties are dischargeable; those that can’t be discharged can be paid without interest in Chapter 13. The automatic stay in bankruptcy stops collection actions by taxing authorities, including garnishment and seizure. These provisions of the law apply equally to state and federal tax agencies.
How much relief?
The precise measure of the relief available in bankruptcy depends on a number of factors including:
- the kind of tax involved
- the age of the tax
- whether a return was filed
- the chapter of bankruptcy selected
In general, unsecured income taxes that were first due more than three years before the bankruptcy is filed for which a timely and non-fraudulent return was filed, can be discharged in full in any chapter of bankruptcy.
Richard Hackerman has a degree in Law and a Masters Degree in Taxation. He is a member of the United States Tax Court. He is among the top tax attorneys in Baltimore who can assist with the following services:
Bankruptcy Tax Relief
Garnishments & Levies
Offers in Compromise
An Installment Agreement is an agreement in which the Internal Revenue Service permits a person to pay delinquent tax liabilities over time. I will attempt to negotiate an Installment Agreement for you. These negotiations can be difficult and require the knowledge of the guidelines of the Internal Revenue Service. I can also work with you to attempt to reach an agreement with the State of Maryland.
An Offer in Compromise is an agreement between the taxpayer and the government that settles a tax liability for payment of less than the total amount due. The Internal Revenue Service may accept an offer in compromise when it appears that the tax liability cannot be collected in full and the amount the taxpayer is offering equals at a minimum the smallest amount that the IRS believes that it can collect from the taxpayer’s assets and income.
Richard J. Hackerman is experienced in dealing with your financial matters. He is one of the top-performing Baltimore tax attorneys. You may call him at 410-243-8800 for a free consultation.