IRS tax relief
If you need an income tax attorney in Columbus, Ohio, Jump Legal law firm can provide IRS tax relief by eliminating your tax debt through bankruptcy. That’s right; your tax debt may be eliminated by filing bankruptcy. And if your back taxes cannot be eliminated, they can be managed.
Benjamin Franklin said, essentially, that there were only two things certain in life: death and taxes. Jump Legal Group can help you with the latter. If you are a small business owner or self-employed, Chapter 7 or Chapter 13 bankruptcy can help you repay your business taxes while stopping penalties and interest from accumulating.
We provide taxpayer debt relief options
The rules for discharging income tax debt under Chapter 7 and 13 are complicated and many people simply do not understand them or know how to use them effectively. At Jump Legal, we understand the nuances of bankruptcy and its alternatives. You can depend on us to show you when the elimination of tax debt can be achieved and, where it cannot, when the tax debt can still be managed effectively under the Bankruptcy Code.
Pay Your Income Taxes Using Chapter 7 or Chapter 13 Bankruptcy
Do you have old tax debt?
Generally speaking, the older the tax debt, the more likely it is that a Chapter 7 bankruptcy can eliminate it, or a Chapter 13 can partially eliminate it. Because these issues are so case-specific, depending on when and if the taxes were filed, whether you filed them or they were filed by the IRS, and so on, we recommend you make an appointment for a free initial consultation with one of our attorneys. Bring your tax transcripts (visit www.irs.gov) with you and we can help you understand these factors and how they may or may not apply to your case.
Is your tax debt new?
When your tax debt first became due within the past three (3), a Chapter 13 bankruptcy may be your best option. In a Chapter 13, we can stretch your debt over a longer period of time and you can pay less than what is owed – which makes it easier for you to get out of debt.
If the debt is the result of a recent large lump assessment or penalty, we can also stretch that out for you over the life of the Chapter 13 plan, generally three to five years.
Jump Legal attorneys can help get rid of tax debt
As income tax attorneys in Columbus, Ohio, we give you the opportunity to get rid of your tax debt and change your life; but you can’t change your financial future until you start the process. Contact us today to schedule a free initial consultation; you will always speak with an attorney and all communications remain confidential.