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Discharging Taxes in Bankruptcy

Discharging Taxes in Bankruptcy

Whenever a taxpayer is considering bankruptcy, it is important to also review the dischargeability of taxes in bankruptcy. Not all taxes are dischargeable in bankruptcy. Tax liens may also survive a bankruptcy.

 

Consult with a competent attorney that specializes in bankruptcy if you are considering filing. Not all bankruptcy attorneys are well versed on the tax implications of bankruptcy and may benefit from collaborating with a tax practitioner to minimize the amount of taxes remaining post bankruptcy. Various factors must be weighed to determine if bankruptcy should be filed as opposed to a tax settlement program.