Frequently Asked Questions - Bankruptcy
CAN I DO AN OFFER IN COMPROMISE THROUGH BANKRUPTCY?
NO! -- See Bankruptcy
CAN THE IRS PURSUE UNPAID TAXES AFTER BANKRUPTCY?
Yes, collection will only stop on taxes included in the bankruptcy. -- See Bankruptcy
DOES BANKRUPTCY DISCHARGE MY IRS DEBT?
Yes, when properly included in the bankruptcy. -- See Bankruptcy
WILL BANKRUPTCY SAVE THE TRUST FUND OR CIVIL PENALTIES ON MY UNPAID PAYROLL TAXES?
NO! -- See Bankruptcy
ARE MY TAXES ELIGIBLE FOR A DISCHARGE IN BANKRUPTCY?
They must meet the following 3 rules:
a) Liability must be over 3 years past the due date including extensions of the returns.
b) The tax returns (not SFR's) must have been filed at least 2 years before the petition date.
c) 240 days must pass from the date of assessment.
But there are exceptions to whether your taxes are dischargeable... -- See Bankruptcy
HOW ARE DELINQUENT TAXES TREATED?
It varies. please -- See Bankruptcy
CAN BANKRUPTCY ERASE IRS DEBT?
Yes in some cases -- See Bankruptcy
Is The IRS Affected By Bankruptcy Filing?
Yes, your collection case will be transferred to the legal division.
I Need Bankruptcy Advice On Taxes.
I include some advice on this site on the bankruptcy page.
Can I Get A Tax Refund If I Declared Bankruptcy?
It Depends on the type filed. It may get taken by the court to pay off creditors. -- See Bankruptcy
Can You File Bankruptcy Against The IRS?
Yes, your personal 1040 income tax liability may be eliminated. -- See Bankruptcy
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