Your tax debt has to jump over 4 hurdles to be forever written off in bankruptcy. But if it does, that tax is history.
“Straight” Chapter 7 bankruptcy can give some relief for dealing with your back and current income taxes, but Chapter 13 can help so much more.
If you were already on the financial edge and just found out you owe a bunch of income taxes, here is how bankruptcy can help.
If you owe income taxes, and are at the point that the IRS is about to seize your assets, you need to consider bankruptcy. It can help in surprising ways.