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Can Past Income Taxes Can Be Discharged Through Bankruptcy?

By Philip Tirone of 720creditscore.com.
Most people believe that taxes cannot be discharged through a bankruptcy. And while this is true in most cases, there are some exceptions …

Did you file your taxes more than two years ago? And was the due date at least three years ago? As long as you aren’t evading taxes, in certain cases, you can have federal tax debt discharged during bankruptcy.

I bring up bankruptcy a lot in my emails because I want to demystify it. A lot of people who feel tremendous financial pressure are scared of bankruptcy, But bankruptcy can be a great solution to financial problems. It allows you to wipe the slate clean and regain control of your life.

And listen … living with constant anxiety and fear about what the government is going to do because you cannot pay your taxes? Well, it is no way to live. You should be able to get out of bed and embrace life. If you cannot enjoy your life because of financial stress, you owe it to yourself and your family to explore your options.

And fortunately, I have connections to some of the best bankruptcy attorneys in the country, so if you are up to your neck in tax debt, just talk to a bankruptcy attorney. The phone call won’t cost you a dime, and you will probably walk away from the call feeling relief, hope, and the promise of a better future.