BANKRUPTCY DISCHARGE ANALYSIS
We analyze the balance due tax periods (including the principal tax owed, plus penalties and interest) and determine which, if any, are eligible for discharge.
With the expected influx of new Chapter 7 bankruptcy filings looming on the horizon due to economic devastation brought on by Covid-19, most, if not all, the debtors' recent IRS and State income and payroll tax liabilities will not be eligible for discharge and thus will survive the Bankruptcy.... As a result, your clients will be left to deal with the IRS/State outside of the bankruptcy estate.
Elite 8 Tax Relief Group's Bankruptcy Discharge analysis obtain the client's tax transcripts from the IRS. We analyze the balance due tax periods (including the principal tax owed, plus penalties and interest) and determine which, if any, are eligible for discharge.
We provide this in an easy-to-understand report format. This way, there are no surprises, and you know before filing the 7, 11, or 13 what the client's IRS/State tax status is. In addition, many attorneys we work with refer their clients to us to handle the tax aspects of their cases.
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