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Don’t worry!! This may be stressful but help is on the way!

Eliminate tax debt today!! Let’s start with garden variety income taxes.  This applies to both state and federal taxes owed.  This is the law: If the taxes that you owe are at least 3 years old, and the return was filed appropriately, you are able to discharge them the same way we discharge credit card or general unsecured debts. I bet you didn’t think we could do that! Tax debt can be crushing, especially when you add in penalties and interest.

Good news.  While debt to the IRS and Mass. Dept. of Revenue incurred in the last 3 years is not dischargeable, we can manage it effectively in a Chapter 13 and save you a significant amount of money by eliminating crushing penalties and high interest going forward.

Specifically, a Chapter 13 plan requires the taxing authority to take payments over 5 years or 60 months.  Dollar for dollar. Principal only.  No further interest or crushing penalties.  And its over and paid in full at the completion of your plan.

The alternative is to suffer huge penalties and interest and pay the Service for the rest of your life….well at least it might feel like it!  Plus by managing it this way I get the IRS out of your life and off your back.

People with experience will tell you that the taxing authorities are very aggressive in collecting this type of debt.  They have a lot of power quite frankly and will not hesitate to seize bank accounts and assets.  For starters.

Further they may hold you personally liable on these monies owed, and assess penalties and interest to punish you.

Once again the Bankruptcy law is available to protect you and these debts can be treated in a Chapter 13 plan over 60 months with no further penalties and interest.

Smeloff and Benner has a CPA/ Tax attorney on staff to fully review your specific circumstances and make appropriate recommendations.

Business debt can create serious stress and sleepless nights. Our attorneys in 9 convenient locations in MA are ready to provide the guidance you need during this challenging time. We offer free consultations where we'll listen to your concerns, review your financial situation, and explain your options in straightforward terms. With flexible scheduling including evenings and weekends, we'll make it easy to get the help you need. Call anytime. We answer our phones and we're here to help. Contact us today to schedule your complimentary business bankruptcy consultation.