Comments on: Discharging Taxes and Penalties in Bankruptcy: How Delinquent Tax Returns Can Affect Your Eligibility http://www.taxresolution.com/blog/discharging-taxes-and-penalties-in-bankruptcy-how-delinquent-tax-returns-can-affect-your-eligibility/ Your Complete IRS Tax Resolution Resource Sun, 21 Mar 2010 23:34:25 +0000 http://wordpress.org/?v=2.7 hourly 1 By: TRS http://www.taxresolution.com/blog/discharging-taxes-and-penalties-in-bankruptcy-how-delinquent-tax-returns-can-affect-your-eligibility/comment-page-1/#comment-2102 TRS Mon, 13 Jul 2009 16:31:41 +0000 http://www.taxresolution.com/blog/?p=1605#comment-2102 Hi Judith - you are not alone in falling behind on your taxes. But the silver lining for taxpayers struggling with tax debt in the current recession is that there has never been a better time to take advantage of tax breaks offered by the IRS. If you owe a substantial amount to the IRS that you cannot afford to pay, you may be eligible to qualify for a tax debt settlement like an Offer in Compromise or a long-term IRS payment plan. However, taxpayers need specialized tax help to navigate the IRS code and get their finances in order to position them for success when negotiating with the IRS. Call our office for a free consultation (866) 477-7762. Hi Judith - you are not alone in falling behind on your taxes. But the silver lining for taxpayers struggling with tax debt in the current recession is that there has never been a better time to take advantage of tax breaks offered by the IRS. If you owe a substantial amount to the IRS that you cannot afford to pay, you may be eligible to qualify for a tax debt settlement like an Offer in Compromise or a long-term IRS payment plan. However, taxpayers need specialized tax help to navigate the IRS code and get their finances in order to position them for success when negotiating with the IRS. Call our office for a free consultation (866) 477-7762.

]]> By: Judith Krynski http://www.taxresolution.com/blog/discharging-taxes-and-penalties-in-bankruptcy-how-delinquent-tax-returns-can-affect-your-eligibility/comment-page-1/#comment-2101 Judith Krynski Mon, 13 Jul 2009 04:04:43 +0000 http://www.taxresolution.com/blog/?p=1605#comment-2101 I am interested in your services. I owe back taxes For 2006 and 2007. I am in the process Of getting the returns together now. While I made about $220,000 (gross) each of those years, I was paying Prior year taxes off during those years. In 2008, my income dropped to about half of that and I am unable to pay all that I owe. I do not live Lavishly, I'm working so hard just to keep up. I'm not avoiding taxes I just don't have the money to pay them. That's why I've avoided filing. I had a business that failed in 2004 and I Lost about 200,000. I became depressed and entered therapy. The depression is just starting to lift but this is dragging me down further. Please let me know if you can help me. Thanks. I am interested in your services. I owe back taxes
For 2006 and 2007. I am in the process
Of getting the returns together now. While I made about
$220,000 (gross) each of those years, I was paying
Prior year taxes off during those years.
In 2008, my income dropped to about half of that and I am unable to pay all that I owe. I do not live
Lavishly, I’m working so hard just to keep up. I’m not avoiding taxes I just don’t have the money to pay them. That’s why I’ve avoided filing.

I had a business that failed in 2004 and I
Lost about 200,000. I became depressed and entered therapy. The depression is just starting to lift but this is dragging me down further.

Please let me know if you can help me. Thanks.

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