Many people believe that taxes are not dischargeable.  That is true for some taxes and not true for other types of taxes.  There are rules regarding what taxes are dischargeable in bankruptcy and what taxes are not dischargeable.
Only an experienced attorney can tell you if your taxes will be dischargeable.   There are many factors that go into determining if you can discharge taxes that you owe.  Talking with an experienced attorney such as Nathan Davis can let you know if the taxes you owe are dischargeable.
Even if the taxes are not dischargeable, you may be able to work out a more favorable repayment plan in a Chapter 13 bankruptcy or be able to afford your payments to pay off your taxes if you file a bankruptcy that gets rid of other debts and allows you to concentrate on getting those taxes paid so you are free to move on with the rest of your life.
One thing is for sure, trying to hide from the tax man will never work.  Sooner or later, the tax man cometh.  The only way to make sure the tax man will not take money or assets from you is to never have money or assets.  Are you going to let the fact that you owe taxes keep you from ever accumulating assets, owning property or retiring?
Take charge of your life and the first step is making sure that you know the rules.  Meeting with Nathan Davis will help you know what the rules are.  An offer in compromise with the taxing authorities is not successful most of the time.  If you have not filed your tax returns and do not know your rights, the chances of a successful offer in compromise is even lower.

About Nathan Davis, Esquire

Born in Charleston, South Carolina, Nathan Davis has been practicing law for many years. Mr. Davis has a wide variety of experiences having practiced domestic relations, criminal law, social security law having also practiced collection law in the past. This knowledge is helpful when someone needs to restart their financial life. The practice is now primarily bankruptcy and debtor representation work, but, Mr. Davis continues to also practice real estate law, trusts and estates and a general litigation practice. I believe that the most important part of representation is trying to leave you better off when the case is finished than when you started. Although I will do as my client directs, I will always tell you if I think that you are making a mistake. Bankruptcy is about a "fresh start". If you do not make changes in what you are doing, you will be doing what you are doing now in the future. There is no shame in bankruptcy or other steps that you may take to start your life over. Too often, people worry more about things than about themselves, their family or their future.
This entry was posted in Discharge, Taxes. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *