Owe The IRS?

Nashville Bankruptcy stops debt collection, and that applies to the IRS too.

Maybe you didn’t have enough taxes withheld at work throughout the year. Maybe you didn’t realize that old 401(k) distribution you took would cost you. Maybe you were surprised your unemployment payments are taxable income.  However it happened, now you find yourself owing the IRS money that you can’t afford to pay back.

Now you’re indebted to the IRS, which is scary business. Plus, this situation will prevent future tax refunds from arriving at your door in the spring. Beyond that, the IRS may start taking actions against you. It could start seizing a part of your pay through increased withholdings, and it might even place a lien on your property and force a sale.

Learn how to stop IRS debt collection in Nashville by visiting the law office of Long, Burnett, and Johnson, PLLC. We provide a free consultation directly with a tax debt bankruptcy attorney at our office, so you can learn your income tax and bankruptcy options.

Taxes and Bankruptcy

Many people think that there is nothing much to be done about tax debt. Surely the government wouldn’t create a system to allow people who owe the IRS to get out of it, right? Wrong. The government has done just that. And you can take advantage of it to stop IRS wage garnishment and other actions.

Filing bankruptcy STOPS the IRS from collecting on their debt just as it does on all of the other people to whom you owe money. You can stop an IRS levy and wage garnishment, giving you the chance to catch up with your debt and start over. This way, you won’t be continuously falling behind, but you’ll instead be able to gain sure footing to move forward.

Depending on the age of the tax, and how it arose, you might be able to pay LESS than the total tax or NONE of the tax. You might have the opportunity to pay an amount you can afford and stretch the payments out over time to get yourself back on track. It’s sometimes even possible to discharge taxes in bankruptcy in Nashville. There are MANY options for dealing with tax debt. A bankruptcy attorney at law office Long, Burnett, and Johnson can explain your options.

Learn Your Options for Back Taxes and Bankruptcy

Our attorneys help clients facing tax debts on an almost daily basis by sharing options available to get your situation under control, which include filing for bankruptcy relief. We know that visiting a law office can seem just as nerve-wracking as the debt problem itself, but we try to create a different kind of experience at our office. We treat each case with the utmost attention and integrity, but at the same time, we prefer to create a laid-back atmosphere that relieves your stress instead of causing more. You will be greeted by our friendly and helpful staff, along with our welcoming crew of furry friends.

Our lawyers will consider your taxes and chapter 13 bankruptcy. This type of bankruptcy allows you to repay your taxes over time. Our lawyers will also look at your taxes and chapter 7 bankruptcy at our office during your consultation. This option can in some cases allow the discharge of taxes. We will go over your different options for back taxes and bankruptcy to figure out the best solution for your particular situation. Contact our office to schedule your FREE consultation with a Nashville tax debt bankruptcy lawyer.