Can I Wipe Out Taxes in Bankruptcy?

Many taxes are dischargeable in bankruptcy! You heard me correctly. In many situations, you can wipe out taxes in bankruptcy. In other cases, you can eliminate penalties. The two-second version of income tax dischargeability in bankruptcy is this: It may be wiped out if it was due more than three years ago, if you file a return for that year at least two years ago, and if the IRS has not reassessed the tax debt for that year in the last 270 days. There are many other considerations that go into a tax analysis that make taxes and bankruptcy as very complicated area of the law. For this reason, you should consult with an experienced professional.

Since taxes are a complicated matter and unpaid taxes can be a nightmare, here at Pixton Bankruptcy Law in Alameda, we understand and apply federal bankruptcy law carefully in each case so that we can wipe out the maximum debt possible. This includes dealing with taxes.

If you owe taxes to the Internal Revenue Service or the Franchise Tax Board of California, you owe it to yourself to meet with Alameda bankruptcy attorney James Pixton and find out what your rights are. Bankruptcy attorney James Pixton has eliminated millions of dollars of tax debt for his clients in Alameda and the surrounding Bay Area cities of Alameda County and Contra Costa County.

Give us a call at (510) 451-6200 and make an appointment. We’ll look over your tax situation and tell you how bankruptcy can help you. We devise in-depth strategies for maximize the power of a bankruptcy filing.

Bankruptcy attorney James A. Pixton and Pixton Bankruptcy Law can help you eliminate tax debts! Fill out the form below if you’d like a free booklet on taxes and bankruptcy or if you’d like to make an appointment.

Author: James Pixton

James Pixton is a bankruptcy attorney in Alameda, California. He saves clients' home from foreclosure. He helps them wipe out tax debts, credit card bills and catastrophic medical bills through Chapter 7. He is an expert at eliminating second mortgages and lines of credit on underwater homes. When he isn't helping clients, he can be found playing water polo with his kids. Speaking of which, he is the father of four gregarious children, two of whom are also very serious water polo players. The other two are prolific readers and writers.