Remember the late-night TV hawker telling you his team of former IRS agents have helped thousands of “good people just like you” battle the IRS? Well, it seems TaxMasters has lost the battle, because that firm just filed bankruptcy. A very similar firm, J.K. Harris, had already filed bankruptcy last year.
At the Zuckerberg bankruptcy law offices, we’re hardly surprised, because many of the Indiana taxpayers who have been left stranded have been coming to us. By this time, many need help to stop foreclosure, payday loan debt help, and student loan debt help, on top of having big fat tax problems!
Ironically, (and very sadly), most of these clients never thought a bankruptcy attorney in Indiana would be able to help with tax problems. So, instead, they tried the late-nite TV route to gain relief from their biggest, baddest creditor – the IRS.
In fact, one very common myth is that bankruptcy cannot help with back taxes. That is simply not true. As a debt consolidation lawyer offering bankruptcy services in Indiana for more than 25 years, I can tell you we get rid of old income tax bills for clients all the time. Taxation and knowing all the ins and outs of the legal advantages is one area where experience counts.
Just one important example is an IRS Offer of Compromise. That option needs to be weighed and compared with filing personal or small business bankruptcy under the new bankruptcy laws of Indiana.
One of our Columbus bankruptcy lawyers remarked that it’s very deplorable that many clients have paid fees to TaxMasters to help them with their tax problems, and most of that money will never be recovered (just adding salt to the wounds of these poor people). For those who paid TaxMasters to help them with their small business taxes, things are even worse.
Whether you’re a former clients of TaxMasters or not, if you live in the Anderson area or anywhere in Indiana south of there, know this: At the Zuckerberg bankruptcy law offices, you can get help with tax problems along with other debt problems.
Categorised in: Bankruptcy Indiana
This post was written by Mark Zuckerberg