An Expert In Your Corner Negotiates on Your Behalf
Any debt is challenging to handle when you can’t afford to pay it back. However, tax debt can feel even more stressful. The complexity of dealing with taxes, the fear of having the IRS on your back, and the potential consequences of not paying your tax debt can make you feel completely lost.
But you don’t have to deal with back taxes alone. You can get out of tax debt and reduce your uncertainty and anxiety with the right help. Freedom from your tax troubles is available with assistance from a bankruptcy attorney who specializes in tax resolution, along with Chapter 7 and Chapter 13 bankruptcy.
Bankruptcy attorneys are excellent partners for resolving tax debt. These legal specialists have:
- Empathy and understanding about your situation.
- Knowledge of tax laws.
- Negotiating experience.
- Expertise with bankruptcy as a tax debt solution.
Get Individualized Attention From a Bankruptcy Attorney
When you’re faced with the realities and emotions that come with tax debt, you want to tell your story to someone who will listen, understand, and know exactly what to do next.
You can get this undivided attention, empathy, and an effective solution from a trusted bankruptcy lawyer.
Bankruptcy lawyers help individuals day after day, offering free consultations and tireless legal work on their clients’ behalf. They also often specialize in tax resolution. Choosing someone who cares about people who are struggling with debt is a smart way to start your journey toward financial freedom.
Look for a Denver bankruptcy attorney who builds strong relationships with clients, and you’ll feel heard while they create a strategic plan to help you get out of tax debt.
A Bankruptcy Attorney Understands State and Federal Tax Laws
Trying to figure out how to deal with the IRS is a challenge in itself. A quick glance at the IRS website tells you everything you need to know about going it alone. Although the IRS resources are meant to be helpful, interpreting what applies to you, what you’re exempt from, and how to fill out necessary paperwork is overwhelming – and that’s just the beginning.
A bankruptcy lawyer already understands tax laws, including your rights related to paying late or back taxes. Depending on when your taxes were due and other circumstances specific to your case, you have the opportunity to negotiate with the IRS or even see your taxes completely discharged in Chapter 7 bankruptcy or Chapter 13 bankruptcy.
To exercise your rights and benefit as much as possible, choose an attorney who can help you navigate the legal landscape and find a solution that relieves your debt and stress.
A Bankruptcy Attorney’s Negotiation Skills Are Critical For Tax Debt
Bankruptcy attorneys are accustomed to negotiating with creditors and in court to provide debt relief solutions for their clients. Negotiation is also critical for resolving tax debt.
After providing compassionate and comprehensive help and determining the best approach for your back taxes, a bankruptcy attorney will go to bat for you.
One tax debt solution, an offer in compromise, allows you to negotiate an amount that the IRS determines to be “reasonable collection potential (RCP)” for your taxes. You may be able to pay very little of your tax debt and even negotiate the same percentage for your state taxes. However, you need an expert on your team who understands the art of negotiation to make this solution a reality.
A Bankruptcy Attorney’s Sweet Spot Might Be the Right Tax Debt Solution For You
A bankruptcy lawyer especially makes sense if you decide to tap the solution that’s right in their wheelhouse: Chapter 7 bankruptcy or Chapter 13 bankruptcy.
Not everyone qualifies for an offer in compromise, but bankruptcy can help you achieve similar results. Depending on your circumstances, you can watch your tax debt completely go away in Chapter 7. In Chapter 13, you’ll enter into a three-to-five-year payment plan, after which you’ll be free of tax debt.
Trust Our Legal Team’s Compassion, Expertise, and Legal Skill
The Wink Law Firm, Denver’s leading bankruptcy attorneys, excel in all areas of tax debt resolution and bankruptcy. We provide the solutions you need to achieve freedom from tax issues.
Our team gives you the one-on-one attention you deserve, while creating an effective legal strategy to help you get beyond your back taxes. We know how to negotiate with the IRS to achieve outcomes that will have you breathing a sigh of relief.
We’re prepared to be your partner for your tax troubles. Get a free consultation to resolve your tax debt by calling us at (720) 523-0620 or by sending a message through our website.