Best IRS tax lawyer in Houston, Texas right now? The creditor (the company claiming that you owe them money) will usually hire a constable or a private process server to deliver the lawsuit to you. This person will attempt delivery at the last address they have on file for you (which should be the same address on the advertising letters). That begins the clock ticking on the lawsuit process, explained below. Defending a lawsuit is filled with potential pitfalls for the unwary. The help of a lawyer is advised when dealing with a debt lawsuit. Call our law firm today to schedule a free consultation. Below is some general information as to what a lawsuit on debt is and how the lawsuit will unfold, but it is no substitute for legal advice based on the specific facts of your situation. The majority of our cases are settled prior to trial or nonsuited. The results of your case will depend on factors such as the creditor, the amount owed, the Court, the lawyers working for the creditor and the paperwork that the creditor has available regarding your debt.
What we do: Develop an individualized plan to handle your IRS tax debt! We start by learning the facts of your case and analyzing the taxes you owe in order to put together your personalized plan to achieve a tax resolution. There can be no one-size-fits-all solution because everyone’s facts are different. How much you owe the IRS in back taxes, for what year(s) are your IRS taxes owed, your income and expenses and your assets are a few of the things we’ll need to learn about you to analyze your situation and develop a personalized plan to help you deal with the IRS tax debt and get tax relief. Based on what we learn about you, we will discuss what options you may have to pay or settle your IRS tax debt and discuss the pros and cons of each option.
I hope that you find this website to be helpful and informative. Information on a website, however, is not a substitute for the knowledge and advice of an experienced bankruptcy attorney. Once you have had a chance to look over our website, please fill out the contact form or give us a call to talk more about the specifics of your situation. I will get back to you the same business day, if possible. Take your first step towards a fresh financial start! I think that customer help should be the number one priority in any business, but it is especially important in the bankruptcy and debt settlement field. When people are struggling financially they may be stressed, nervous and scared about their situation. The prompt returning of telephone calls and e-mails is important so as to help alleviate anxiety. You can also take comfort in knowing that you will be speaking with an attorney every time you call or come in for an appointment. Dove Law Firm, PLLC is a Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code as well as resolve other debt issues. Read more information at dove law bankruptcy attorney.
To be eligible to file for Chapter 13 bankruptcy, an individual must have no more than $394,725 in unsecured debt, such as credit card bills or personal loans. They also can have no more than $1,184,200 in secured debts, which includes mortgages and car loans. These figures adjust periodically to reflect changes in the consumer price index. One of Chapter 13 allows you to stop an effort to foreclose on your home. Filing a Chapter 13 petition suspends any current foreclosure proceedings and payment of any other debts owed. This buys time while the court considers the plan, but it does not eliminate the debt. Hopefully, the bankruptcy plan will free enough of your income that you’ll be able to make regular mortgage payments and keep your house.
Hold Off on Mutual Fund Purchases: People should be wary of buying mutual funds at this time of year if they will be held in a taxable account. You could get hit with a tax bill for year-end dividends even if you just purchased shares. “That’s how mutual funds work, but people don’t realize it,” says Joanna Powell, managing director in the Boston office of accounting firm CBIZ MHM. To avoid paying additional taxes, consult with a broker before making a purchase to find out when distributions are made.
Moving expense to take first job: Here’s an interesting dichotomy: Job-hunting expenses incurred while looking for your first job are not deductible, but moving expenses to get to that first job are. And you get this write-off even if you don’t itemize. If you moved more than 50 miles, you can deduct 23 cents per mile of the cost of getting yourself and your household goods to the new area, (plus parking fees and tolls) for driving your own vehicle. However, beginning in 2018, moving expenses are no longer deductible for federal taxes unless you are in the military and the move is due to military orders. Some states such as California continue to provide this tax benefit.
Chapter 7 bankruptcy, also known as a straight or liquidation bankruptcy, is a type of bankruptcy that can clear away many types of unsecured debts. If you’re far behind on your bills and don’t have the means to afford monthly payments and living expenses, filing Chapter 7 bankruptcy could be a last resort to help you reset your finances. However, you may have to give up some of your possessions, and it will have a long-lasting negative impact on your creditworthiness. Read extra details on https://dovebankruptcylaw.com/.