Will Bankruptcy Solve My Tax Problems?

This answer should come from a licensed bankruptcy attorney.  Some income tax debts may be dismissed with your bankruptcy plan, depending on the age of the assessed tax. Other tax debts, such as a Trust Fund Recovery Penalty liability, may not be dismissed in bankruptcy.  If you are currently in bankruptcy, you are not eligible to resolve your tax debt via IRS programs; your tax must be resolved within the context of your bankruptcy.

Before filing for bankruptcy, you may want to determine your tax debt resolution options with the IRS; especially if your tax debt is the main reason you are considering bankruptcy as an alternative.  Bankruptcy can be very expensive relative to the IRS programs that may be available to you.  You may be eligible for the following IRS tax debt resolution programs:
Use Fresh Start's Bankruptcy for Back-Taxes Flow Chart to get an idea if BK is an option to consider. To know for sure, consult a licensed bankruptcy attorney familiar with tax law.


Our Specialties

  • Tax Debt Resolution / Tax Relief
  • Offer in Compromise / IRS Settlement
  • IRS Penalty Abatement and Relief
  • Installment Agreement / Monthly Payment Plan
  • Tax Lien, Levy and Garnishment Removal
  • IRS Lien Subordination, Withdrawal, Discharge
  • Enrolled Agents / Tax Debt Specialists

Fresh Start Tax Relief LLC, Taxes - Consultants & Representatives, Chicago, IL

Stay In Touch

follow us on Facebook learn about us on LinkedIn follow us on Google+ follow us on Twitter review us on Yelp