Experienced Tax Debt Attorney In Middletown

If you are staring at an Internal Revenue Service (IRS) bill you cannot pay, I know exactly what you are going through. A lot of people call my office, completely overwhelmed by tax pressure. I always tell them: if you let bankruptcy overwhelm you, it will.

At R. Richard Croce, LLC, my job is to make sure it doesn’t. I’m R. Richard Croce, and unlike formulaic, by-the-book tax debt lawyers in Middletown, I take an accommodating, kind and relaxed approach to finding solutions. For over 35 years, my practice has been 100% focused on bankruptcy and credit repair, giving me the deep experience needed to handle your tax crisis.

The Stress And Fear Of Tax Debt

Tax issues usually start small – unfiled returns or an unexpected balance due. Maybe an IRS payment plan failed because life got expensive. Soon, threatening letters pile up, triggering wage garnishment notices and sleepless nights.

The government can seize your paycheck, place liens on your property and levy your bank accounts. It is a terrifying position to be in, but there is a way to stop them in their tracks.

When Bankruptcy Can Eliminate Tax Debt

Contrary to a widespread misconception, federal bankruptcy law permits the complete discharge of certain tax debts. Debtors can legally dismiss qualifying income tax obligations, provided those liabilities satisfy the stringent parameters of the 3-2-240 rule:

• The three-year rule: The tax return must have been originally due at least three years before you file for bankruptcy.
• The two-year rule: You must have actually filed the tax return at least two years prior to your bankruptcy filing.
• The 240-day rule: The IRS must have formally assessed the tax liability at least 240 days before your case begins.

Under Chapter 7, qualifying older income taxes are eliminated entirely. If your tax debt doesn’t meet these rules, Chapter 13 allows you to consolidate it into an affordable, interest-free repayment plan over three to five years. Note that certain tax debts – such as recent income taxes, trust fund payroll taxes and civil fraud penalties – are nondischargeable and must be paid.

Call My Middletown Bankruptcy Law Firm Today

At R. Richard Croce, LLC, I am dedicated to alleviating the apprehension and anxiety often associated with the bankruptcy process for my clients in Middletown. I invite you to schedule a free consultation by calling my firm at 860-398-4573 or filling out this form so I can help you construct a strategic path forward.

R. Richard Croce, LLC, is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.