Will Bankruptcy Wash Out My IRS Bill?

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While there are many debts that you can discharge by filing for bankruptcy, your tax bill may not be one of them. Whether you can wash out your previous tax obligations depends on how much time has passed since you filed the return and when the IRS notified you that there was an extra amount due. The older the debt, the more likely you will be able to have it discharged in bankruptcy.

The good news is that bankruptcy can stop immediate collection efforts of any past due tax bills. This means that you will get some temporary relief from having to make payments on past due amounts. But, you should not treat this as an elimination of your debt. You should use this as an opportunity to get your finances in order.

It is important to speak with an experienced attorney that is aware of all your options. Filing for bankruptcy can offer some instant relief, but it is crucial that you stay on top of payment obligations. Otherwise, you may find yourself in a deeper hole with the IRS.

When you call the Law Offices of Darrin T. Mish, P.A., you can expect to get practical legal advice on how to navigate your problems with the IRS. Instead of worrying about how to deal with these life-altering issues, rely on my competent and trusted advice.  I will do my best to get you out of a frustrating and scary situation.

No one should have to face the IRS alone, and I am understanding of the fear and confusion that comes with handling an unexpected or staggering tax bill. Call me today to schedule an appointment.

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