Taxes can’t be eliminated in bankruptcy. Wrong! Many taxes are eliminated in bankruptcy. However, there are several complex rules that apply. Eliminating taxes depends on how old the taxes are, when the returns were filed and whether the taxes have been assessed and the type of taxes. Both federal and state income taxes can be eliminated in bankruptcy. In cases where taxes cannot be eliminated it is possible to force a payment plan on the IRS and stop interest and penalties. Any questions should be directed to an attorney.
We Are Open! Miller & Miller Law is keeping our clients and staff safe from COVID-19. We are open for free phone and video consults during these difficult times.
Our 3 Step Process
Step 1:
Get Out Of Debt
Step 2:
Clean Up Your Credit
Step 3:
Build Your Score
- Home »
- Chapter 13 Bankruptcy » Bankruptcy Misconception #7 Taxes
Bankruptcy Misconception #7 Taxes
On behalf of Miller & Miller Law, LLC | Jul 14, 2010 | Chapter 13 Bankruptcy, Chapter 7 |
Categories
- Asset Forfeiture (14)
- Bankruptcy (37)
- Bankruptcy Exemptions (9)
- Bankruptcy Means Test (20)
- Business Bankruptcy (10)
- Chapter 128 (44)
- Chapter 13 Bankruptcy (174)
- Chapter 7 (192)
- Chapter 7 Bankruptcy (3)
- Commercial Bankruptcy (32)
- Credit Card Debt (55)
- Credit Repair (8)
- Debt Management (59)
- Debt Relief (24)
- Debt Settlement (44)
- Firm News (3)
- Life After Bankruptcy (64)
- Medical Debt (38)
- Money Advice & Saving Tips (1)
- Payday Loans (2)
- Personal Bankruptcy (11)
- Small Business Bankruptcy (9)
- Stop Collections (10)
- Stop Debt Collection (5)
- Student Loans (9)
- Uncategorized (239)