Many people and many attorneys believe that taxes are not eligible for discharge in Bankruptcy. That is 100 percent false! Certain rules must be met, but if they are taxes ARE eligible for discharge in a Bankruptcy.
There is 3 year rule, two year rule and 240 day rule for the taxes to be eligible for discharge. The criteria is explained below:
At Flat Fee Attorneys we can sit down with you and have the ability and knowledge to determine if your taxes qualify for BK. Many people ask “well I make too much money for a chapter 7, so what do I do now?” Even if you think you make too much for a chapter 7, there are loopholes in the system that allow us to have high wage earning individuals with large tax debt to use a chapter 7 to discharge their taxes.
Schedule a free consult today with one of our tax professionals so we can discuss your options for a tax bankruptcy. Call 702-388-FLAT