BANKRUPTCY is a wonderful tool to obtain tax relief in limited circumstances. Bankruptcy will provide no relief to you for unfiled tax returns, for recently filed tax returns or Trust-type taxes. Frequently, taxpayers are disappointed with the limited tax relief bankruptcy may afford. If you are considering bankruptcy as an option to solve your tax matters, be sure to closely question your attorney to determine whether he or she has verified that the bankruptcy will provide relief regarding your taxes. Not all bankruptcy practitioners understand the complexity of the bankruptcy code as it relates to the treatment of taxes.
Although bankruptcy can be an effective tool for certain types of taxes, it should be used as a last resort. There are many other options short of bankruptcy to effectively deal with your tax liability and without further harming your credit.
Patrick T. Sheehan & Associates, Attorneys at Law, P.C., has successfully resolved many tax cases without the need for filing bankruptcy since its inception in 1991. Patrick T. Sheehan & Associates, Attorneys at Law, P.C., builds upon its past successes and has developed alternative programs to bankruptcy that promote positive results for our clients. If you are considering bankruptcy to obtain tax relief, call us to discuss other options.
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