Myth #3 of the Top 10 Myths About Bankruptcy
Myth #2 Bankruptcy means you can’t get credit for ten years
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number three bankruptcy can't ever get rid of back taxes here's what the law is the law is that taxes are generally generally not dischargeable in bankruptcy but there are some significant exceptions typically if the taxes are at least three years old
have been assessed for a period of time and and you didn't commit any kind of fraud to avoid paying the taxes so say you had a job and they weren't taking money out of your paycheck and at the end of the year you had this big tax bill you filed your tax return you showed that you owed back taxes but you simply weren't able to pay your taxes that year that happens fairly often um and we of course encourage you to be completely honest when filing your tax returns but if you file your returns properly and the requisite amount of time has passed and there are a number of other factors don't just assume that based upon the age of the taxes that they will become dischargeable a good attorney is going to do a thorough evaluation review your tax transcripts with the internal revenue service make sure you qualify but in many instances we can get rid of back income taxes and we do it regularly in addition if the taxes aren't dischargeable which means you can't get rid of them again you can do a reorganization type bankruptcy to pay those taxes back without worrying about a lien being recorded against your home or your wages being levied you can pay them back normally at a rate that you can afford we can help you evaluate all of those options taxes are often dischargeable in bankruptcy and even if not dischargeable there are still bankruptcy options available