Madera, CA Bankruptcy Law Firms & Lawyers

Two options: 1) Pay it all, or 2) File for bankruptcy. Please understand that filing for bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step. Most Arizona bankruptcy attorneys offer a free consultation about the basics of bankruptcy.

The issue of income tax debts can be a complicated one. Under certain circumstances, income tax debts will not be dischargeable despite being more than three years old. For example, if your return was not filed until less than two years before filing for bankruptcy, the tax is probably not dischargeable. If the IRS or the state assessed the tax less than 240 days before the bankruptcy filing, discharging the obligation will likewise probably fail. And if the return filed was arguably fraudulent, you most assuredly have an uphill battle to discharging the obligation. I would strongly suggest talking to your bankruptcy lawyer before going through the expense of reopening your case to address any additional tax debts.