Bankruptcy Writes Off (Some) Income Taxes
Bankruptcy permanently writes off income taxes, as long as the tax meets certain conditions. For some taxes the conditions are easy to meet.
Filing Chapter 13 in 2019 to Write Off More Income Taxes
Chapter 13 is a riskier, longer, and maybe more expensive way to escape a dischargeable income tax deb--but may still be your best option.
What the IRS/State Can and Can’t Do After You File Bankruptcy
Filing bankruptcy stops tax collection just like it stops other debt collection by more conventional creditors. But there are exceptions.
Stop IRS Garnishment to Start Installment Payment Plan
Filing Chapter 7 bankruptcy stops an IRS/state garnishment and other collection activities, even if it's for a tax you still have to pay.
Timing: Writing Off Income Taxes
Usually you can discharge--write off--an income tax debt by just waiting long enough. Here's how to discharge a tax debt under Chapter 7.
A Sample Completed Chapter 7 Case
What does the completion of a successful Chapter 7 "straight bankruptcy" case look like? What happens to your debts?
Income Taxes Discharged and Not Discharged in Bankruptcy
Bankruptcy DOES discharge--permanently write off--certain income taxes. It's mostly just a matter of time.
Bankruptcy Timing: Include Income Taxes Owed for 2015 by Filing Chapter 13 in Early 2016
As of January 1, 2016 you can include any taxes you owe for the 2015 tax year in your Chapter 13 payment plan.
Bankruptcy Timing: Filing in 2016 to Write Off More Income Taxes with Chapter 13
With Chapter 13 you may have to pay some part of the taxes that you could just discharge under Chapter 7, but it may be worth it.
Bankruptcy Timing and the Holidays: Filing in 2016 to Cover More Income Taxes
During the first months of 2016 your bankruptcy can write off more of your tax debts.
Chapter 7 and Chapter 13–Owe Both Newer and Older Income Taxes
If you owe more than 1 year of income taxes, some may be dischargeable and some may not. What happens if you owe both kinds?
Chapter 7 and Chapter 13–Newer Income Taxes
Income tax debts that can't be written off must be paid, either after a Chapter 7 case or during a Chapter 13 one.
Chapter 7 and Chapter 13–Older Income Taxes
Income tax debts can be written off when meeting certain conditions, mostly by being old enough. Here's what happens in Chapter 7 and 13.
Making Sense of Bankruptcy: Debts That Are Not Discharged (Written off) in a Chapter 7 Bankruptcy
Start by assuming that debts are written off in bankruptcy, while knowing that there are some important exceptions that may apply to you.
Tax Day 2015: The 10 Most Important Ways Bankruptcy Helps Deal with Your Tax Debt
If you owe back taxes, bankruptcy can help, in many unexpected and powerful ways.
