New Jersey Bankruptcy and Back Taxes Attorney

Bankruptcy can be a very effective tool for dealing with tax debts. Under certain circumstances you can discharge personal income taxes you owe to the IRS or the state of New Jersey. Even if a tax debt cannot be discharged, filing bankruptcy can stop certain IRS actions against you and give you time to pay off the debt.

At Goldman & Beslow, LLC, our attorneys can offer a free initial consultation to determine if bankruptcy is a solution to your tax debts. We offer three convenient New Jersey locations in East Orange, Jersey City and Paterson.

When Can Tax Debts Be Discharged?

IRS and New Jersey personal income taxes can be discharged if the following conditions are met:

  • The tax debt is more than three years old.
  • The tax return was filed more than two years before your bankruptcy filing.
  • The tax was assessed more than 240 days prior to filing bankruptcy.
  • There was no willful attempt to evade personal income tax.

What if the Tax Cannot Be Discharged?

If your tax debt cannot be discharged, you may be able to put the debt in a Chapter 13 debt repayment plan and pay the debt off over a three- to five-year period.

Filing Chapter 13 bankruptcy will stop the IRS from levying your wages. It will also stop tax penalties (but not interest). At the end of your payment plan, the IRS may or may not come after you for interest on your tax debt.

Contact Our Essex County Tax Debt Bankruptcy Lawyers

Let us get you back on your feet so you can get on with your life. Call our experienced New Jersey bankruptcy and back taxes lawyers today for a free one-half hour consultation at 973-414-8069 or 888-827-5493. Our lawyers serve Essex, Union, Hudson, Passaic, Bergen, Morris, Middlesex, Sussex and other New Jersey communities.