CHAPTER 7 BANKRUPTCY

Your tax debts may be dischargeable in a chapter 7 bankruptcy.  Employee payroll taxes are never dischargeable.  Qualifications for discharging tax in a chapter 7 bankruptcy are:

• It must be at least three years from the due date to file the return including extensions.
• The tax from the return must have been assessed at least two years ago.
• Any additional assessments after filing the return must have occurred at least 240 days ago.
• Tax return was not fraudulently filed.

After we have determined that your taxes are dischargeable in a chapter 7 bankruptcy we will refer you to an attorney who specializes in tax bankruptcy so that you can properly compare the pros and cons of each settlement option.