Tag Archives: tax return

Can Federal Income Taxes Be Discharged In Bankruptcy?

Whether or not income taxes can be discharged in a bankruptcy will depend upon two main factors: Whether a timely, legitimate tax return was filed; and Whether it has been more than three years since the legitimate tax return was … Continue reading

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Myth No. 4: The IRS Will Audit Your Prior Tax Returns If You File For Bankruptcy.

I am unsure how the myth came into existence that the IRS will audit prior tax returns if you file for bankruptcy. This is simply just not true! I have been in practice for 23 years and have never had … Continue reading

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