Payroll and Sales Taxes in Chapter 11 Bankruptcy

If your business has gotten behind on paying your corporate sales taxes or payroll taxes, obtain experienced legal help. Not only can businesses be penalized or shut down for ignoring back taxes, but business officers can be held personally responsible.

At Saeed & Little LLP, we are committed to helping you and your business negotiate with the Internal Revenue Service to resolve your unpaid corporate sales taxes and payroll taxes. Our firm's Indianapolis debt relief attorneys have more than 60 years of collective experience negotiating with the IRS to work out reasonable payment plans with businesses behind on their taxes. Put our law firm's experience and legal resources to work for you. Contact us today to meet with a highly skilled business bankruptcy attorney in Indianapolis, Indiana.

Addressing How Sales and Payroll Taxes Are Handled in Chapter 11 Bankruptcy

Chapter 11 bankruptcy is designed to help businesses reorganize their debts and remain in operation. Many business leaders have questions about whether taxes are discharged in Chapter 11 bankruptcy proceedings. Our law firm's business bankruptcy attorneys are committed to guiding you through the legal process so you are left with no surprises.

If your company pursues relief through Chapter 11 bankruptcy, many of your debts can be discharged or reorganized into a realistic payment plan. However, sales and payroll taxes are an exception, as they can never be discharged through bankruptcy. In fact, the person responsible for paying the bills for the company can personally be held accountable for unpaid corporate sales taxes and payroll taxes.

Our law firm's business bankruptcy attorneys are highly skilled at negotiating with the IRS to resolve unpaid payroll and sales taxes. We are committed to helping you address federal tax payroll concerns through negotiating with the IRS to accept an:

• Offer-in-compromise — If you are behind on your federal payroll taxes or sales taxes, our bankruptcy attorneys can work with the IRS to seek approval for an offer-in-compromise. The IRS is more likely to accept an offer-in-compromise if you realistically cannot pay the full amount due.
• Payment plan — Our law firm is highly skilled at working with the IRS to accept payment plans over a year or two to address unpaid sales taxes and payroll taxes. The IRS is more likely to approve a payment plan for smaller amounts of back taxes.

The state of Indiana does not have an offer-in-compromise process to address state-level back taxes. However, we have extensive experience negotiating payment plans with the Indiana Collection of Revenue. We will apply our years of experience and legal skills to help your business gain financial relief, while addressing any tax ramifications.

Contact Our Experienced Avon Bankruptcy Attorneys

To address your back tax concerns, contact our law firm today to meet with a highly skilled business bankruptcy lawyer. We can help you find the best solution and take decisive action to regain your financial footing.

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.