Offer in Compromise
Lien and Levy relief
Trust Fund Recovery resolution
The above can be used with or without bankruptcy. Bankruptcy is also an option to explore. Many people don’t know it but some tax liabilities can be removed or lowered through bankruptcy.
The bad news about owing taxes to the federal government? No other creditor is as powerful or has as many tools at its disposal as the IRS. The good news? In the right circumstances, even IRS tax debts can be wiped away through bankruptcy. The first step to eliminating your IRS tax debt (if it can be eliminated) is to choose an experienced bankruptcy attorney who understands how the IRS works and how to help you make the most of bankruptcy's opportunity for a fresh start. At Simpson Law Group, in Sunrise, Florida, we have made it our mission to help our South Florida clients get out of financial messes and obtain meaningful debt relief for more than 15 years. Our experience, knowledge of the IRS and proven skill at locating unrecorded, often overlooked IRS liens has enabled us to help many of our more than 40,000 previous clients eliminate IRS taxes. Today, if you owe federal taxes and meet the criteria for discharging IRS tax debt through bankruptcy, our law rm will and a way to help you start fresh too. Are My IRS Tax Debts Dischargeable? Generally speaking, bankruptcy can eliminate IRS income tax debts that are at least three years old (measured from the date the tax return was due) and to explain your options. Then she will work with you to create a step-by-step plan to eliminate IRS tax debts in a Chapter 7 bankruptcy or to minimize what you pay the IRS as part of a Chapter 13 repayment plan.