Taxes and filing bankruptcy
Max and Leona have been trying to make ends meet for years but medical bills and an unstable job market has made their financial life a nightmare. They had to use credit cards to buy gasoline, groceries and clothing and with three kids the expenses only continued to climb.
The credit cards weren’t the only problem, as it seems Max and Leona had filed their tax returns annually, but failed to pay back money that was owed to the IRS and the amount was increasing rapidly over time.
Max and Leona needed to file bankruptcy as the creditors were beginning to overwhelm them. During their meeting with Steidl and Steinberg they were told about the attorneys at Steidl and Steinberg’s Tax Services. Max and Leona met with the tax attorneys and provided the necessary documents. They learned that, by filing bankruptcy, they could have some of their tax liability discharged because the taxes had been filed on time and were more than three years old and the returns were not fraudulent.
Filing their tax returns on time over the years proved to be a very wise move for Max and Leona and the bankruptcy filing allowed them to discharge their unsecured debt and a portion of the IRS bill that had been haunting them. Suddenly, life wasn’t as taxing anymore.