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Can tax be totally discharged through bankruptcy?

Date: Sun, 02/03/2019 22:04
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Can tax be totally discharged through bankruptcy? Does it depend on any factor?




You can discharge tax in bankruptcy under the following circumstances:

  1. You have not committed any income tax fraud

  2. The tax debt is 3 years old

  3. You have filed the income tax return at least 2 years ago

  4. The IRS has assessed the income tax debt 240 days before filing bankruptcy

Sub: #1 posted on Mon, 02/04/2019 - 01:19

ditchdebt ditchdebt

(Posts: 679 | Credits: )

In case of Chapter 13 bankruptcy, you can't wipe out tax debts; instead, you repay the tax debts through a repayment plan. Therefore, it may require to repay your tax debts along with other debts in a period of 3-5 years.

Sub: #2 posted on Mon, 02/04/2019 - 02:06

Ryan Miller Ryan Miller

(Posts: 249 | Credits: )

Talk to a good bankruptcy attorney for assistance. There are many clauses regarding tax debt discharge.

Sub: #3 posted on Fri, 02/08/2019 - 04:37

Sanders Patricia Sanders Patricia

(Posts: 1234 | Credits: )

Talk to a good bankruptcy attorney for assistance. There are many clauses regarding tax debt discharge.

Sub: #4 posted on Fri, 02/08/2019 - 04:37

Sanders Patricia Sanders Patricia

(Posts: 1234 | Credits: )

You can discharge tax in bankruptcy if you have filed the income tax return at least 2 years ago. Also, make sure you haven't committed any income tax fraud, ever.

Sub: #5 posted on Sun, 02/10/2019 - 21:37

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )


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