Understanding Bankruptcy: Discharging Tax Debt

Understanding Bankruptcy: Discharging Tax Debt Need help with discharging tax debt in bankruptcy? We’ve got you covered! Tax debt can be a tricky and worrisome aspect of bankruptcy for many Americans. But don’t worry, we’re here to guide you through it. While bankruptcy can clear some tax debts, not all are eligible for discharge. CRITERIA FOR DISCHARGING TAX DEBT Discharging tax debt involves meeting specific criteria, including: • Debt is at least three years old • Honesty in filing returns • Absence of a lien on your property • Adherence to the jurisdiction’s specific rules Feel free to reach out with any questions. We’re here to support you every step of the way! You can contact us directly through our website at ravosalaw.com. This is only intended to be information and does not constitute legal advice nor does it create any attorney-client relationship with the firm.The post Understanding Bankruptcy: Discharging Tax Debt first appeared on Ravosa Law Offices, PC.