If you qualify, bankruptcy can be the best solution to resolve your crushing tax problems. It is possible that some of your back taxes, interest and penalties can be wiped out by filing bankruptcy.
Unfortunately, not everyone qualifies to wipe out their tax debt in bankruptcy. Certain rules have to be met first. If you file bankruptcy and don't meet the rules, the IRS will still be in hot pursuit after your bankruptcy is over. Proper pre-bankruptcy planning is key to determining if bankruptcy is or can be a viable solution.
We strongly recommend that you consult with an attorney that has experienced in bankruptcy proceedings. If you do not have an attorney to deal with we will be happy to recommend one.
