Your back taxes, interest and penalties may qualify to be wiped out by filing bankruptcy. If you qualify, bankruptcy may be the best solution to resolve your crushing tax problems. You should consult a bankruptcy attorney to determine if you qualify.
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 will still be in hot pursuit after your bankruptcy is over. Proper pre-bankruptcy planning is key to determining if bankruptcy is or can be a viable solution.
We can work with your bankruptcy attorney to determine how your unpaid taxes, interest and penalties will be affected by bankruptcy.
Call our office to set an appointment if you would like to discuss this issue with us.