Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Hi - my name is Chris and I'm a Bankruptcy and Consumer Protection attorney here to assist you.
Whether or not what you owe to the IRS can be discharged in a Bankruptcy depends on the type of taxes owed and for what tax year(s) the taxes are owed.
1) What type of taxes are owed?
2) For what tax year(s) are the taxes owed?
3) Were the tax returns filed on time for those tax years?
The taxes are from personal income, the taxes owed are for the years 2003-2006 and yes they were filed on time. I was audited and the IRS discovered that the tax expert I used during the time used erroneous deductions. Yes they were filed on time.
Thank you for your response.
Based on the information you provided, you can have those taxes, and also the applicable penalties and interest, discharged in a Chapter 7 Bankruptcy.
(Income taxes that are for tax years more than 3 years ago, and for which the income tax returns were filed, can be discharged.)
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).