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IRS Debt Help in Houston, TX

"Last time I looked at a check, I said to myself, "Who the hell is FICA? And when I meet him, I'm going to punch him in the face. Oh my God, FICA is killing me." -- Shaquille O'Neil

"Another difference between death and taxes is that death is frequently painless". – Anonymous

Does the relentless IRS tax collecting machine have you in their sights? Are you already facing a levy or are they taking money out of your paychecks?

Do not think there is nothing you can do. Bankruptcy is a powerful way to put the brakes on an IRS jam. Bankruptcy stops the IRS collection machinery. The instant a bankruptcy is filed; the IRS is barred from taking any collection against you and there is an immediate Release of IRS Seizures or Levy Action.

If the IRS has issued a wage levy, bank levy, or seizure of real or personal property, it must be released (wage and bank levy) or stopped (seizure of real or personal property) once a bankruptcy is filed. There should be no negotiation to obtain the release once bankruptcy is filed.

Once we get your Chapter 13 filed then we can set up our own payment plan for the amount that you owe the IRS. Often times filing a bankruptcy can actually reduce the amount that you will be forced to pay the IRS.

The most popular question of a taxpayer in distress  “How do I make the interest and penalties go away?”

The answer to the frustration caused by interest and penalty accruals is Chapter 13 bankruptcy. Chapter 13 can stop the accrual of IRS interest and penalties in payment plans, which can be a tremendous savings of not only money but time.

As a general rule, interest and penalty accruals will double the amount owed every five years, making success in paying off a tax debt difficult with many IRS-approved installment agreements.

By comparison, a Chapter 13 bankruptcy can stop interest and penalty accruals. That means the monthly payment goes to what was owed to the IRS, not what will be owed due to penalties and interest.

If you have a problem with the IRS, Call Us Today!  Let’s sit down and discuss your situation and figure out how we can make the system work in your favor!

 


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Call Today: 713.344.0997

Vasquez Law Group, PLLC is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.



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701 N. Post Oak Rd., Ste 655 , Houston, TX 77024
| Phone: 713-344-0997

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