Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
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.)