The Truth about Bankruptcy and Back Taxes
One of the biggest misconceptions I see is the belief that bankruptcy is not a realistic option for eliminating back taxes.
I want to clarify this misunderstanding. Bankruptcy is a good option for some people. There are some big exceptions when it comes to bankruptcy as a method of tax relief because not all taxes are dischargeable in bankruptcy, and it’s often considered a last resort.
Bankruptcy laws have recently become more restricted, so if you file for bankruptcy it doesn’t necessarily mean your tax debt will be discharged. There is a lot of bad information out there about this. Rest assured we can help you decide what the best option is for you. Don’t assume something isn’t possible.
We can help you see what IS possible. Call us today for an initial consultation: http://www.irsallstar.com/