Discharge tax debt

With April 15 drawing closer, many Americans may be wondering if filing a bankruptcy case will discharge their tax debt.  The simple answer is “no, taxes are not discharged in a bankruptcy case;” however, nothing is ever simple in life and certainly not in bankruptcy.  As with any rule, there are exceptions and some tax debt may be discharged by filing a bankruptcy case.  You must meet certain conditions but if you do, you may be able to wipe out your tax debt in bankruptcy.

For a list of dischargeable tax debt, you can read, “Do I Still Owe Taxes After Bankruptcy?”

Image credit: Chris Tolworthy