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dylatess
dylatess, Attorney
Category: Bankruptcy Law
Satisfied Customers: 5142
Experience:  37 plus years of experience specializing in bankruptcy law
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If I file for chapter 7 bankruptsy what happens to my income

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If I file for chapter 7 bankruptsy what happens to my income debts from IRS and State of California?
Over 34 years, I have assisted my clients with debt problems having filed more than 32000 Chapter 7 and Chapter 13 Bankruptcy petitions.
Debts owing to the IRS and the State of California are dischargeable as part of your BK if:

they are owing for more than five years
You filed your tax returns on time
You have not made payments on these taxes for over 24 months

Note, you should have someone prepare your BK for you as that person will be able to review your tax obligations and advise if the taxes can be wiped out.

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