Tax Debts and Bankruptcy
We all know that dealing with the IRS can cause stress. This is especially true for matters related to a tax debt and bankruptcy, and why it may be a good idea to seek the counsel of an IRS enrolled agent. When you are faced with a tax debt, there are possibilities of discharging it through a bankruptcy filing. However, not all tax debts can be discharged. Under current statutes, income tax debts are generally dis-chargeable in a Chapter 7 or Chapter 13 filing if all these conditions are fulfilled: