Discharging Taxes in Bankruptcy
Taxes are dischargeable in bankruptcy in certain situations. Income tax debt that is over 3 years old and filed over 2 years prior to filing bankruptcy will be dischargeable.
If you have not filed taxes, and instead the IRS assesses your income, it is possible—and in fact, frequent—that the IRS has miscalculated your tax return. In this case, we have partners who are tax experts who can help you get them filed, and in turn get your tax debt reduced. However, it is extremely important to file your taxes on time, even if you don’t end up paying the debt due right away. If your leave your tax return unfiled, it must be paid back in bankruptcy.
“SAEDI LAW GROUP ASSISTS GEORGIA CONSUMERS WITH TAX LIEN RELEASE AND TAX SETTLEMENT PROCEDURES.OUT TAX EXPERIENCE ALLOWS US TO ANALYZE YOUR SPECIFIC TAX PROBLEM AND DETERMINE THE BEST STEPS TO REMOVING THIS DEBT.”