Tax Debt and Bankruptcy
Aug 4, 2014 by
A lot of people that owe back taxes to the IRS and state also owe other creditors. Many of them have considered bankruptcy as an option to resolve all of their debts. In some cases bankruptcy can help. M&M Financial's blog about taxes and bankruptcy discusses it briefly. And, Fresh Start has some limited information about it here. The IRS has provided some useful information on their website here.
Keep in mind that bankruptcy works differently for everyone based on individual circumstances. We believe it should be looked at as a last resort option. You can resolve your tax debt directly with the IRS and state taxing authorities. Find more information on our website by clicking the resolution options below.