Can Filing Bankruptcy Dismiss Back Taxes?
Taxes and Bankruptcy -
Usually people associate bankruptcy
with credit card, loan, or mortgage debt not knowing or realizing bankruptcy
can also be used to eliminate liability for unpaid taxes.
The U. S. Bankruptcy Code permits discharge
of certain back taxes, but several conditions do apply. Generally most business
taxes are not dischargeable. People who qualify for tax discharge typically do
so by filing either a Chapter 7 or Chapter 13 bankruptcy. It is best to consult with an experienced
professional to assess your unique situation. A qualified bankruptcy attorney
can help determine whether you are eligible to obtain an IRS tax relief through
bankruptcy.
Call King and King bankruptcy attorneys for a free consultation today. 404-524-6400
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