I have retained an attny to file a chapter 7
but have not filed yet because I cannot get a straight answer about my personal income tax debt
I did not file a tax return in 2002 & 2003- the IRS
did it for me when I went into a repayment agreement over 3 years ago. They have placed a lien on me about 6 months ago because I could not keep up with the payments.
I owe $12,000 personal income tax for 2002(half of that is penalty & int)
and $4000 for 2003 again much of that is penalty & int
I make $33,000/year. I am separated, no dependents, currently filed for divorce All the debt is mine. None is my husband's
There is also considerable medical debt from 2002/3 and some credit card debt
I have no assets
except for a 1999 Chevy- blue book value >$900, I rent
and have no savings except for $4,000 in my 401k
My question is- will the bankruptcy get rid of my personal income tax debt. If not - how do I get rid of this debt? I have no money to make an offer in compromise. How long will the lien be on me- does that mean they can take any inheritance or unexpected windfall?