How to Discharge Your Income Tax Debt in Bankruptcy

Whether your income tax debt can be discharged in bankruptcy depends on a number of things. The initial question is how old is your IRS debt and when did you file your return?Tax Debt Bankruptcy

Why? In order to be dis chargeable, your tax debt must meet the following conditions:

  1. The due date for your filing tax return was at least three years ago.
  2. Your tax return was filed at least two years ago.
  3. The tax assessment was at least 240 days old.
  4. Your tax return was not fraudulent.
  5. You are not guilty of tax evasion.

The rules about discharging your tax debt can be confusing and you should consult an experienced bankruptcy attorney for assistance with your personal situation. If you are looking for the right bankruptcy attorney for you and your family, give us a call today.

 

 

 

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