Delinquent Taxes
A taxpayer who has a delinquent tax obligation basically has five options to deal with the delinquent obligation: (Click on a Topic to Learn More)
- Pay the Full Balance of the Tax Due.
- Inform the IRS of Currently Non-Collectible Status.
- Installment Agreement.
- Offer-In-Compromise (“OIC”).
- Bankruptcy.
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Some taxes are dischargeable under bankruptcy law. While certain income taxes are dischargeable, a taxpayer can NOT discharge payroll tax, sales tax and other trust fund taxes.
Newman & Associates can advise you regarding which of your taxes may be dischargeable. Newman & Associates also can represent you in bankruptcy proceedings to ensure that you obtain the maximum benefit from the bankruptcy laws. |
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