Your back taxes, interest and penalties can 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 eliminate their tax debt through bankruptcy. Certain rules must first be met. If you file for protection under bankruptcy but you don't meet the rules, the IRS will still hold a valid tax claim against you. Proper pre-bankruptcy planning is key to determining if bankruptcy is or can be a viable solution. |
