Long Island Tax Debt Attorney

Tax Debt and Bankruptcy

There are regulations in the bankruptcy code that dictate how and when tax debt can be discharged in bankruptcy proceedings. A number of factors, including the date the return was filed, the type of tax involved, its age, and whether or not tax fraud or evasion was committed, will dictate whether or not such debt can be included in a bankruptcy. If you intend to file for bankruptcy and would like to determine if your tax debt is eligible, it is recommended that you contact a Long Island bankruptcy lawyer who can provide you with help.

Blutter and Blutter is a law firm with over 50 years of combined experience in providing assistance to those who are filing for bankruptcy. The firm's legal team has secured favorable results in many clients' cases, and they are available to immediately consult with you regarding your financial situation. If you decide to file for bankruptcy, the firm will guide and support you through each step of the process, and may be able to facilitate the elimination of your tax debt if that debt is deemed eligible by a bankruptcy court.

Tax Debt Eligibility

If you are intent on eliminating your tax debt through bankruptcy, there are a number of factors that you should consider before you attempt to file, such as:

• The tax debt in question must be related to a return that was filed at least two years ago. In addition, the debt must have been due at least three years before you filed for bankruptcy.
• You must not have been found guilty of any conduct related to tax fraud or tax evasion.
• An assessment by the IRS must have taken place at least 240 days prior to you filing your bankruptcy petition.
• Certain tax debts cannot be discharged under bankruptcy in any circumstance, including debts from payroll taxes, unified tax returns, or penalties brought about by tax fraud.

If you would like to discharge your tax debt by filing for bankruptcy, contact a Long Island tax debt lawyer who can determine if the debt is eligible.