CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Can I Get Rid of Taxes?

Transcription:

My name is Robert Geller and I’m with the law office of Robert M Geller PA. There are two other lawyers with our firm. And today I want to talk to you about how, or whether you can get rid of certain taxes through filing bankruptcy. And the short answer to that question is yes, no, maybe. So, so what am I talking about here? Well, let’s first talk about payroll taxes and trust fund or trust fund taxes. So generally when you collect a tax from somebody else who pays it, like people pay sales tax or your employees work and they have to pay certain federal withholding tax, which you have to turn it over to the government. Um, and you’re supposed to collect that tax and turn it over to the government. And for whatever reason, you didn’t turn that over to the government. Those taxes are not dischargeable in bankruptcy.

And I don’t think bankruptcy is going to help you generally. So where is the yes. Answer to what is dischargeable in bankruptcy and that lies with certain income tax. So certainly income tax is dischargeable in bankruptcy. Many people are surprised when they come in my office to learn that. And so you asked what types of income taxes, distractable bankruptcy. Well, there are certain criteria to that. Let me kind of give you the general, uh, criteria. First of all, the tax returns have to be filed at least two years prior to the time the bankruptcy has been filed, the second criteria, and these are just general criteria. There are some others is that the return has to be do more than three years prior to filing bankruptcy. So we are now into, um, September of 2017. If you filed your tax return, um, for 2013, it would have been due in April of 2014.

If you filed a timely and you didn’t get any extensions, then your taxes for, uh, 2013 would be dischargeable because the due date was April of 2014. And then the final criteria is you must not be assessed that tax within 240 days of filing bankruptcy so that if the government came in a week before you filed the bankruptcy and said, you owed more tax, that would not be potentially dischargeable in bankruptcy. And let me just add a caveat to that, that there are some other exceptions that make that tax not dischargeable. It would be a good idea to come in and speak to a qualified bankruptcy attorney about whether those taxes are dischargeable. Some other things that are dischargeable in bankruptcy would be a certain penalties related to the income tax. So that’s something, again, you can discuss with an attorney when you come in the office. Um, if you need more information about bankruptcy, feel free to click on the link. We’ll be glad to provide you that information. I am Robert Geller and I look forward to helping you build a bridge to a brighter future.

Video Testimonials

Tampa Bankruptcy Law Blog

Should Seniors File Bankruptcy? Here’s 3 Things You Need to Know

Should seniors file for bankruptcy? Maybe. It all depends on their specific financial circumstances. Bankruptcy can be a great solution...
Read More

What Happens If My Spouse Dies During Bankruptcy?

Seniors declaring bankruptcy have many concerns. One of the most pressing is how their health or their spouse’s health might...
Read More

Can I File for Bankruptcy Without a Job?

Bankruptcy is often considered a tool used by people without money, without income, and without any financial hope. The truth...
Read More

Should I Use Retirement Savings to Avoid Bankruptcy? A Tampa Bankruptcy Lawyer Can Help You Protect Your Retirement Nest Egg

Withdrawing money from your retirement savings is rarely advised by financial experts, even if you are facing bankruptcy. Working with...
Read More

Can You File for Bankruptcy and Keep Your Home

Foreclosure is something that occurs after a homeowner has missed multiple mortgage payments. Working with a Florida bankruptcy attorney helps...
Read More

Is There Such a Thing as Mortgage Bankruptcy?

Your home is one of your primary concerns when filing for bankruptcy. Can you claim bankruptcy and keep your home?...
Read More

What Do You Need to Know about a Home Auction in Bankruptcy?

Home auctions are a common topic that arises when someone is faced with the prospect of bankruptcy. Bankruptcy protection for...
Read More

Can a Florida Bankruptcy Attorney Help Me Avoid Eviction

Losing one’s home is one of the most common concerns you can have when filing for bankruptcy. A Florida bankruptcy...
Read More

Covid-19 Tax Tips

The COVID-19 pandemic has affected a variety of things including taxes. These COVID tax tips can help you prepare and...
Read More

How Can a Bankruptcy Attorney in Tampa Florida Help Me If I Fall Behind on My Mortgage After Filing for Bankruptcy?

Many people find that filing for bankruptcy provides all of the financial relief they need to get back on track....
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions