Tax Motivated Bankruptcy

If you are consumed with back taxes, obtain experienced legal counsel prior to considering a tax motivated bankruptcy. I am David W. Klasing, a tax attorney with more than 20 years of experience. My legal team and I are committed to helping business owners and professionals obtain a fresh start when consumed with back taxes.

During an initial consultation, we will evaluate your situation to help you determine the most effective way to get your finances back on track, such as:

  • Paying any back taxes
  • Working out a payment plan
  • Making an offer in compromise
  • Filing Chapter 7, Chapter 13 or Chapter 11 bankruptcy

Discharging debt through bankruptcy is often misunderstood. Not only can certain tax debts be wiped away, but filing bankruptcy can also stop IRS collection efforts. This is a highly complicated area of this law. Whether you are consumed with income taxes, payroll taxes or sale taxes, entrust my law firm to evaluate your situation and determine if filing for bankruptcy is the right solution. Contact my law firm today to schedule a consultation with a highly skilled Orange County bankruptcy tax lawyer at my law office in Los Angeles or Irvine, California.

 

Need help or have a Tax Question? Contact us!

 

Put an Experienced Tax Debt Bankruptcy Attorney to Work in Your Case

If you are faced with a tax lien, you are likely worried about losing your hard-earned assets. My legal team and I have the skills and experience level to help you navigate through the bankruptcy system, while negotiating to have any tax liens removed.

tax motivated bankruptcy

Before becoming a  tax attorney, I worked for nine years as an auditor in public accounting. I then gained a master’s degree in taxation and became a Certified Public Accountant (CPA). I work directly with tax attorney John A. Harbin, who is particularly skilled in tax bankruptcy. He has handled more than 500 tax-motivated bankruptcies in federal tax court, district bankruptcy courts, and before the state of California Administrative Appeals Board. As a legal team, we have the skills and experience level to help you determine if filing for Chapter 7, Chapter 13 or Chapter 11 bankruptcy is the right solution for you.

Benefits of Gaining a Fresh Start Through Filing for Bankruptcy

Pursuing debt relief through filing for bankruptcy provides taxpayers with several benefits, such as:

  • Stops the IRS from collecting back taxes starting the day bankruptcy was filed
  • Discharges eligibles tax debt and any penalties or interests associated with the back taxes
  • Wipes away other dischargeable debts, allowing taxpayers to pay off other tax debts that were not discharged
  • Allows taxpayers to establish a repayment plan to pay off their principal tax debt

Before obtaining tax relief through filing for bankruptcy, you must prove that your last four tax returns have been filed with the IRS. Our firm can expertly prepare any delinquent returns for you. My legal team and I are committed to preserving your financial interests, while guiding you through the bankruptcy process. To get started, we will need to evaluate your financial statements, balance sheets, income statement and tax returns.

Contact Us Today

If you are looking to discharge your back taxes, contact my law office for a reduced-rate initial consultation with an experienced California tax debt bankruptcy lawyer. My legal team and I are committed to helping you obtain a fresh financial start.