Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” encourages anyone with a Federal Tax Lien filed against them by the IRS to seek the guidance of a reputable attorney.
You could have an IRS tax lien attached to your business or personal assets and not even know it. Why? Because the IRS notifies taxpayers after they’ve filed the lien. Once the IRS has filed the lien with the county you live in, then they will send you a Notice of Federal Tax Lien. The lien then becomes effective ten days after the IRS issues a written demand for payment of outstanding taxes.
Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” elaborates on the different types of business bankruptcies and the tax implications.
Complex tax codes make filing for bankruptcy something no business should ever attempt to do without the services of a very seasoned tax resolution attorney. From determining which type of bankruptcy to file, to understanding the tax implications are just the beginning of a long and complicated process.
Tax resolution attorney Lance Drury, founder of the Law Firm of Lance R. Drury, and best selling author of “Successonomics” provides an overview of taxes that can be discharged under Chapter 7 Bankruptcy and the specific requirements that must be met.
When bankruptcy is the only route to take in the face of overwhelming debt, it is important to be aware that some tax debt may be discharged while other taxes are not eligible for discharge. Most tax debt is eliminated under Chapter 7 Bankruptcy while Chapter 13 Bankruptcy requires a payback plan. Use this review of taxes that can and cannot be eliminated as a guide, and always retain the most experienced tax resolution attorney you can find to help you navigate the sea of paperwork and filing requirements.