Bankruptcy can provide relief. Some taxes and penalties are dischargeable; those that can't be discharged can be paid without interest in Chapter 13.

The automatic stay in bankruptcy stops even collection actions by taxing authorities, including garnishment and seizure. These provisions of the law apply equally to state and federal tax agencies.

How much relief?
The precise measure of the relief available in bankruptcy depends on a number of factors including:

1) the kind of tax involved,

2) the age of the tax,

3) whether a return was filed, and

4) the chapter of bankruptcy selected.

In general, unsecured income taxes that were first due more than three years before the bankruptcy is filed, for which a timely and non fraudulent return was filed, can be discharged in full in any chapter of bankruptcy.

Richard Hackerman has a Masters Degree in Taxation as well as his law degree.  He is a member of the United States Tax Court.  He can assist with the following services:

Bankruptcy Tax Relief
Garnishments & Levies
Installment agreements
Offers in Compromise

An Installment Agreement is an agreement  in which the Internal Revenue Service permits a person to pay delinquent tax liabilities over time.  Richard J. Hackerman will attempt to negotiate an Installment Agreement for you.  These negotiations can be difficult and requires the knowledge of the guidelines of the Internal Revenue Service.  I can also work with you to attempt to reach an agreement with the State of Maryland. 

An Offer in Compromise is an agreement between the taxpayer and the government that settles a tax liability for payment of less than the total amount due. The Internal Revenue Service may accept an offer in compromise when it appears that the tax liability can not be collected in full and the amount the taxpayer is offering equals at a minimum the smallest amount that the IRS believes that it can collect from the taxpayer’s assets and income.   

Richard J. Hackerman is experienced in dealing with your financial matters. You may call him at 410- 243-8800 for a free consultation.