Category Archives: Tax debt in bankruptcy

Discharge of Federal Income Taxes in Bankruptcy

Discharge of Federal Income Taxes in Bankruptcy A taxpayer may discharge federal income taxes in a Chapter 7 if ALL of the following criteria are met: 1.The tax is for a year for which a tax return is due more … Continue reading

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Can I eliminate tax debt in bankruptcy?

Can I eliminate tax debt in bankruptcy? YES. The bankruptcy law allows debtors to eliminate tax debt in bankruptcy. HOWEVER, the debtor’s taxes must satisfy a few tests to qualify for discharge. GENERAL RULE: The debtor must have filed his/her taxes and must … Continue reading

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