Bankruptcy Options

Bankruptcy Can Be The Beginning of Your Financial Restoration!
If you are contemplating filing for bankruptcy to wipe out tax debt, interest and penalties, have a professional thoroughly review your situation prior to filing. In some cases, filing for bankruptcy will leave you with the clean slate necessary to start over. If you don’t qualify to eliminate tax debt through bankruptcy, however, you may find that when all is said and done, you still have a massive tax liability left to deal with.

As you may be aware, there are different types of bankruptcy that you can file for. Each one has a different purpose, outcome, and long-term effect. Determining which type of bankruptcy will be the best for your situation (if any) demands a close examination of your financial situation, assets, debts, and history from every angle. The opportunity of a second chance that bankruptcy offers could be just what you need, but you need to make sure that you have the best chance of success and nothing comes back to haunt you.

Contact us for pre-bankruptcy counseling to help you determine if bankruptcy is the best answer for you.

Before Filing for Bankruptcy, let us review your options with you.

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Val Smith-Fulcher’s Case for Umbrella Insurance

So, this is the time of year when IRS notices start pouring into Tacoma mailboxes. And while the IRS has put a hold on a lot of those, some are still trickling through.And no one likes getting them.The problem right now is that the IRS is still in “treading water”...

How Tacoma Businesses Can Stay on Top of Payroll Taxes

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Buy Now Pay Later Pitfalls Tacoma Shoppers Should Beware

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When Amending a Tax Return Is Right for Tacoma Taxpayers

Here we are in May. The tax deadline is in the rearview … and we’re still here for our Tacoma friends. Ready to rock on your behalf. Today I’m talking about second chances.Ctrl + Z. Ever used that keyboard shortcut? It’s also known as the “undo” button – a...

Legacy Tax Resolution on Back Taxes & Dealing with the IRS

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Why Disability Insurance Matters – Val Smith-Fulcher’s Take

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How Tacoma Taxpayers Can Wisely Spend A Tax Refund

By the time you read this, the tax deadline will have just passed and our Tacoma tax office will be taking a long, deep breath. (Serenity now!) These days have been a whirlwind of activity for us here at Legacy Tax Resolution, and not just because of tax...

Why Tacoma Tax Debtors Should Unload Tax Debt Now

Here we are, nearing the end of tax season. It’s been one wild ride. I for one am counting the days until I can turn off my phone, sip on some iced tea, and get lulled to sleep by the wind and bird songs while swinging comfortably in a hammock. If you can’t reach...

How Tacoma Retirees Can Stretch That Retirement Fund

You might not feel this as much in your bones as we do here, but the tax deadline is getting very close. This year, for reasons that at this point in our season would take way too long to explain, the tax deadline is April 18th (not 15th).We’re...

Val Smith-Fulcher’s Perspective on Tax Filing Extensions

Today’s issue we’re diving into tax filing extensions… and Tacoma people do this for all kinds of reasons. Truthfully, extended deadlines and delays have been pretty commonplace in the tax world over the last few years. Sometimes life smacks you in the face and you...

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