If you call ten bankruptcy lawyers today and ask this question, you will get nine "No" answers and one "Yes." That's frightening because IRS taxes, under certain circumstances, can be discharged in bankruptcy. Very specific timing rules must be considered before you decide that bankruptcy is the answer to your IRS Tax Problems. It is important that you seek the proper IRS representation before filing an IRS tax bankruptcy, and preferably you should seek the services of a qualified attorney, since they understand the bankruptcy ramifications much more thoroughly than a CPA for example. Very few professionals in the entire country understand these timing rules and are qualified to give you an opinion. If your bankruptcy lawyer shrugs his shoulders and says "maybe your taxes will be discharged, we'll wait and see" run very far, very fast and get another lawyer. See the movie below for more information about the timing rules and how they are applied to your IRS tax problem. A bankruptcy might just be the IRS Tax help you were looking for.
Podcast Video [2:59m]: Play Now | Play in Popup | Download (709)
More on Are IRS taxes dischargeable in bankruptcy?
Filed under IRS Solutions - Videos, Tax Bankruptcy by 
Not long ago a gentleman came to see me about a tax problem. He was a hairdresser who actually lived in Manhattan but was from Florida and still had family in the area. He had not filed returns for some 10 years! Although he thought that that was terribly unusual, you may find it shocking that it isn’t that unusual in my experience. After consulting with him, we assisted in the preparation of the “missing” returns. After the returns were complete, the balances totaled approximately $145,000.00 after all of the interest and penalties were added to his tax balances.
Filed under IRS Tax Help, Tax Bankruptcy by
Not long ago a gentleman came to see me about a tax problem. He was a hairdresser who actually lived in Manhattan but was from Florida and still had family in the area. He had not filed returns for some 10 years! Although he thought that that was terribly unusual, you may find it shocking that it isn’t that unusual in my experience. After consulting with him, we assisted in the preparation of the “missing” returns. After the returns were complete, the balances totaled approximately $145,000.00 after all of the interest and penalties were added to his tax balances.
Filed under Tax Bankruptcy by
