April 18, 2019
Tax Liability and Bankruptcy: What Tax Debts Can Be Discharged?
One frequent misunderstanding about bankruptcy is that tax debt is not dischargeable. It is true that many types of tax debts will survive bankruptcy. However, some tax debts can be discharged, but in order to do so, certain specific rules must be met. This article provides a brief summary of some general rules you can use to determine whether tax obligations might be discharged in a bankruptcy proceeding.