How to Get Rid of Tax Debt by Filing Bankruptcy

Posted on : June 3, 2017
Texas Tax Debt Attorney

Filing a Chapter 7 bankruptcy can help you to get out of a great deal of debt, including medical bills, credit card debt, and more. However, tax debt is considered a “secured” debt and isn’t as easy to get out of. But, if you meet certain criteria, back taxes could be discharged like credit card debt or medical bills. Here’s how you may be able to dissolve your tax debt by filing for bankruptcy.

Have You Filed a Tax Return?

You must have filed a tax return for the year(s) of taxes you wish to discharge under a Chapter 7 bankruptcy. If you did not file a tax return, you will not be eligible to discharge that debt for a period of time after you file. See below for more details.

Do You Owe Only Income Taxes?

You must only owe income taxes to be eligible to have the debt discharged. If you owe penalties for tax fraud or you owe payroll taxes, these debts are considered to be “undischargeable”. This means that at some point, you will need to pay what you owe. A bankruptcy will not help you get out of those two types of tax debt. A bankruptcy also will not help you if a tax lien is placed on any property of yours.

Are the Taxes You Owe Greater than Three Years Old?

You will only be eligible to have tax debt that is greater than three years old discharged. If you filed for a particular year late, you will be eligible to have that debt discharged three years after the file date. This means that if you owed taxes for 2012, but did not file your 2012 return until 2017, you will not be eligible for those taxes to be discharged until the year 2020.

Do You Pass the 240-Day Rule?

The IRS must have evaluated your taxes 240 days prior to your bankruptcy filing or not at all — if they evaluating your taxes within the 240 day period, you will not be able to list that debt in your bankruptcy filings.

Call the Law Office of Howard Tagg Today

You don’t have to face overwhelming tax debt alone. You may have options that allow you to have your tax debt discharged if you meet the above criteria. Contact our office today for a consultation to learn more about bankruptcy and tax debt by calling (903) 730-6366.

Posted in : Administrator Tyler

35 responses to “How to Get Rid of Tax Debt by Filing Bankruptcy”

  1. porabliuss says:

    Мы ценим ваше время и делим с вами общие цели. Ваши продажи для нас главный приоритет.
    оптимизация страниц сайта) логин скайпа pokras7777

    оращайтесь договримся есть примеры работ логин скайпа pokras7777

  2. KelTheoni says:

    Acheter Du Cialis Online viagra Amoxicillin The Right Dose For Seniors

  3. KelTheoni says:

    Bag Kamagra vardenafil Levitra On Line Miglior Prezzo

  4. KelTheoni says:

    Levitra Preisvergleich Generika viagra Best Buy Discount Generic Macrobid Direct Overnight Shipping

  5. KelTheoni says:

    Comprar Cialis Francia buy cialis Sibutramina Compra En Usa

  6. KelTheoni says:

    Generic Viagra By Phone viagra online Propecia Componentes

  7. KelTheoni says:

    Amoxicillin And Sun Exposure viagra Lasix Spain

  8. Curtismal says:

    Мы ценим ваше время и делим с вами общие цели. Ваши продажи для нас главный приоритет.

    smm продвижение заказать логин скайпа SEO2000

    оращайтесь договримся есть примеры работ логин скайпа SEO2000

  9. KelTheoni says:

    Cialis Originale cialis Kamagra Jelly France

  10. KelTheoni says:

    Amoxicillin Pets viagra online pharmacy Viagra A Lausanne

  11. ChasHalF says:

    Levitra Comprar Espana viagra cialis Remoxy Amoxicillin Bangledesh

  12. KennHego says:

    Cialis Interazioni Farmaci online pharmacy Cialis 5 Mg Generico Precio

  13. KennHego says:

    Can Keflex Help A Toothache cheap cialis Viagura Mastar Card

  14. ChasHalF says:

    Cuanto Cuesta Cialis En Farmacia online pharmacy Amoxicillin For Fish Price

  15. KelTheoni says:

    Cialis 20mg Filmtabletten Einnahme online pharmacy Cialis Brand Name Pills To Buy

  16. KelTheoni says:

    Caverta buy cialis Manyfacturing Amoxicillin

  17. ChasHalF says:

    Buy Cheap Antabuse Online generic cialis Reaction To Amoxil

  18. KennHego says:

    Sildenafil Tadalafil And Vardenafil generic cialis Viagra Ou Cialis Generique

  19. ChasHalF says:

    Photo Of Amoxicillin West cialis Pastillas Cialis Donde Comprarlas

  20. KennHego says:

    Cooper Kamagra cheap cialis Get Tadalis Sx Soft Viagra

  21. KelTheoni says:

    Cialis Einnahme Erfahrung cheap cialis How Much Is A Viagra Prescription

  22. ChasHalF says:

    Kamagra Oral Jelly Versand viagra cialis Secure Ordering Bentyl

  23. KennHego says:

    Cialis Opiniones Usuarios cialis price Discount Female Viagra Pills

  24. ChasHalF says:

    Buy 10mg Levitra Online buy cialis Pharmacy Rx World

  25. KennHego says:

    Viagra 100mg 12 Tabl buy viagra Levitra Shop Erfahrung

  26. KelTheoni says:

    Kamagra Cialis Kaufen viagra Macrobid Can I Purchase

  27. ChasHalF says:

    You Can Last Longer buy cialis Kamagra Par Internet

  28. KelTheoni says:

    Non Prescription Cialis Canada online pharmacy Cialis Deutsch

  29. KelTheoni says:

    Kamagra Uk Cheap cialis buy online Generic Propecia 10 Mg

  30. ChasHalF says:

    Diabete E Cialis cialis Cialis Preisvergleich Generika

  31. Reviahox says:

    http://phartesdomusa.org/ buy revia generic online reviews

Leave a Reply

Your email address will not be published. Required fields are marked *