Does bankruptcy discharge tax debts?

Does bankruptcy discharge tax debtsThe rules regarding discharge of tax debts are somewhat complicated, but some older income tax debts can be eliminated in bankruptcy assuming the returns were filed on time and not filed fraudulently. This rule applies to debts for tax periods where the return was due and filed at least 3 years prior to the filing of the case. While Cascade Bankruptcy cannot offer advice on the filing of your returns, we can help determine whether your taxes can be eliminated in bankruptcy or paid prior to other creditors in a chapter 13 case. To find out more, call our office for a free initial consultation.

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