Considering Bankruptcy? Get Professional Tax Help Today
If you’re facing overwhelming debt and considering filing bankruptcy in Arizona, the right guidance is essential. At LBS Tax Services, we specialize in bankruptcy-related tax solutions and work with bankruptcy attorneys to provide legal consultation to help clients navigate the complexities of tax discharge under the Bankruptcy Code.
Whether you’re considering Chapter 7 bankruptcy, Chapter 13 bankruptcy, or other bankruptcy chapters, our goal is to help you achieve true debt relief while ensuring compliance with both Arizona bankruptcy law and IRS requirements.
Can Taxes Be Discharged in Bankruptcy?
Many people, and even some bankruptcy lawyers, believe that income taxes can never be discharged. That’s not true. Under certain conditions, dischargeable debt may include specific tax liabilities. However, the process is complicated, and timing is critical.
At LBS Tax, we have in-depth knowledge of bankruptcy law, tax codes, and the IRS’s strict guidelines. Our President is an Enrolled Agent, authorized by the IRS to represent taxpayers in audits, collections, and appeals.
We analyze:
- Prior tax filings and payment history
- Key dates that impact discharge eligibility
- Which debts qualify under Chapter 7 or Chapter 13
Timing matters. Filing too early or too late can prevent your taxes from being discharged. Our experts ensure you file at the right time and that your petition is complete to minimize delays and reduce rejection risk.
How We Assist with Bankruptcy & Tax Discharge
Filing for bankruptcy requires more than legal paperwork; it requires an accurate tax strategy. We work closely with clients and Arizona bankruptcy attorneys to:
- Determine tax discharge eligibility under bankruptcy law
- Identify which debts (secured and unsecured) can be discharged
- Coordinate with your bankruptcy lawyer on filing dates
- Negotiate with the IRS for non-collectible status or installment agreements
- Assist with IRS Offers in Compromise for additional debt resolution
We proudly serve individuals and businesses in Chandler, Tempe, and throughout the District of Arizona.
Why Choose LBS Tax for Bankruptcy Support?
- Expertise in Arizona bankruptcy law and IRS compliance
- Debt evaluation
- Guidance for Chapter 7, Chapter 13, and Chapter 11 cases
- Strategies to stop wage garnishments and creditor harassment
- Assistance with debt negotiation, debt settlement, and credit counseling
- Support for medical debt, credit card debt, and other unsecured debts
- Help rebuilding credit after bankruptcy
- Debt consolidation, debt counseling, and loan modifications
Contact LBS Tax Today – Free Consultation Available
A successful bankruptcy filing starts with the right plan. Consulting a tax professional before you file can mean the difference between eliminating tax debt and facing years of payments. Call (480) 664-1249 or schedule your free initial consultation today to explore your options for Arizona bankruptcy services such as bankruptcy tax discharge, debt relief, and financial recovery.
We also offer:
- Tax Preparation & Strategic Tax Planning
- Payroll & Bookkeeping Services
- Debt Resolution & Negotiation
- Take the first step toward financial freedom.