Practice Areas Overview

Discharging Taxes in Bankruptcy

Discharging Taxes

Attorney Susan M. Gray fully understands bankruptcy tax implications. Many people on the verge of bankruptcy believe that taxes can never be discharged the way consumer debt can in a bankruptcy case. There are indeed ways to discharge taxes in many cases of bankruptcy filing. The only time when this can absolutely never happen is if taxes were never filed. I always remind everyone: always file your taxes even if you can’t pay a dime. Everything else can be worked out through careful attention to legal procedures, except failure to file.

Ohio Bankruptcy Tax Implications

Persons and small businesses contemplating bankruptcy in Rocky River, Ohio, and surrounding communities including Cleveland, Lorain, Elyria, Bay Village, Middleburg Heights, Westlake, Garfield Heights, Maple Heights, and Cuyahoga, OH need to get a competent, caring and professional bankruptcy lawyer on their side before taking any action that could have unexpected tax implications.

Cleveland Bankruptcy & Tax Return

In the case of small businesses, I can give you invaluable advice as to what to do when you are winding-up your small business to prevent unanticipated tax implications. I can alert you as to what kinds of obligations are going to follow you beyond the winding-up process. I can give you advice about what to pay, what not to pay, whether and how to sell off stock, and how to report everything on your tax return.

Legal Advice OH

Contact me for a free consultation about your possible bankruptcy litigation concern and related tax implications.