Can I add ten years old taxes in bankruptcy?

Date: Fri, 03/26/2010 - 20:33
Submitted by on Fri, 03/26/2010 - 20:33
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I owe the IRS some back taxes from 2000. I am currently talking to some bankruptcy lawyers to assess my situation. I have run up a lot of debt in credit cards and personal loans. I was wondering if I can also add these old tax dues to my bankruptcy.


Well, did you check the statute of limitation of your state? I guess you may discharge old income tax debts through Chapter 7 and Chapter 13 of the bankruptcy code.

According to my knowledge, you may wipe out tax debts, by filing Chapter 7, in some cases, if the taxes are all income taxes. There shouldn't be any deceptive tax return or willful avoidance of paying taxes. Moreover, the debt must be at least 3 years old and the IRS must assess the tax debt at least 240 days before the filing of bankruptcy.

Chapter 7 actually helps to discharge your personal accountability and prevents the IRS from deduction. But if a tax lien on your property will be recorded by the IRS before you file for bankruptcy, the tax lien will stay and you will have to pay it off for selling the property.
To proceed correctly, it's better to seek the advice of a bankruptcy attorney.


Submitted by Chris Samuels on Fri, 03/26/2010 - 23:45

Chris Samuels

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definetly check with an attorney, because i am definetly not an attorney. but i was told by my attorney that anything owed to the federal or state government cannot be discharged in bk. ie back taxes, child support, student loans. i owe some state taxes that could not be included with my bk. but i know every situation is unique which is why i would consult an attorney to be sure about your particular situation.


Submitted by bastoops on Mon, 04/05/2010 - 21:05

bastoops

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