Discharging Tax Debt

Tax Debt — Woman Looking at Bills on the Floor in Aiken, SC
Tax debt is one of the most difficult debts to erase. The IRS has powers that regular creditors don’t, and. they can put a lien on your home, take your tax refund, and even money from your bank account, all without having to get a judgment against you first. Many people believe that if they file for bankruptcy they won’t be able to get rid of outstanding tax debt. However, in many cases, this is actually untrue.
In fact, tax debt can be wiped out in bankruptcy proceedings if you meet some very specific requirements. Learn more about discharging tax debt when you speak to Andrew C. Marine Attorney at Law. We will answer all of your questions and help determine if bankruptcy is the right solution for you. Call (803) 649-0875 today.
Tax Debt — Woman Looking at Bills on the Floor in Aiken, SC
Tax debt is one of the most difficult debts to erase. The IRS has powers that regular creditors don’t, and. they can put a lien on your home, take your tax refund, and even money from your bank account, all without having to get a judgment against you first. Many people believe that if they file for bankruptcy they won’t be able to get rid of outstanding tax debt. However, in many cases, this is actually untrue.

In fact, tax debt can be wiped out in bankruptcy proceedings if you meet some very specific requirements. Learn more about discharging tax debt when you speak to Andrew C. Marine Attorney at Law. We will answer all of your questions and help determine if bankruptcy is the right solution for you. Call (803) 649-0875 today.

Discharging Tax Debt Requirements

Tax debt must be minimum of 3-years-old
  • A tax return must have been filed 2 years prior to filing for bankruptcy
  • The IRS has determined you own taxes more than 240 days ago
These other factors can also affect the ability to discharge your tax debt:
  • If debts are a result of tax fraud or evasion, they cannot be discharged
  • Some sales taxes or payroll taxes cannot be discharged
  • Tax liens on your property cannot be discharged