In certain situations, your back taxes, interest and penalties may be able to be wiped out by filing bankruptcy. If you qualify, bankruptcy can be the best solution to resolve your crushing tax problems.
Unfortunately, not everyone qualifies to wipe out their tax debt in bankruptcy. Certain rules have to be met first.
If you file bankruptcy and don't meet the rules, the IRS and State will still be in hot pursuit after your bankruptcy is over. Proper pre-bankruptcy planning is critical to determining if bankruptcy is or can be a viable solution.
Our firm provides a Bankruptcy Discharge Analysis Report to determine the viability of filing bankruptcy to eliminate the tax liability.
Discharge of taxes through bankruptcy is a complicated analysis. The tax professionals in our firm will provide your bankruptcy attorney with a comprehensive analysis to assist in bankruptcy planning for the discharge of taxes under the bankruptcy laws.
