The truth is that back taxes are dischargeable (able to be eliminated) in bankruptcy if they're "old enough". We'll take a look at what that means.
OK, so I was kidding a bit, but not much. Notice that I didn't say that you needed to pay those taxes (maybe you can't), but you need to file them on time. (more…)
We all know that "Nothing is certain but death and taxes", but the fact is that back income taxes may not stay around as long as death. Let's look at when back income taxes may be discharged (eliminated) with a bankruptcy. (more…)