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Claiming Back Taxes in Bankruptcy

Only if they are more than three years old and meet specific requirements

More specifically, yes, taxes may be discharged in bankruptcy and are in a suprisingly low claim priority position....I believe 7th.

Generally, income taxes for periods more than 2 or 3 years previous are not able to be assessed, being past the Statute of Limitations (however a number of items may extend that statute), and would not need o be claimed.

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11y ago
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11y ago

Yes, although if the taxes are very recent (due within the past 3 calendar years) then they are not dischargeable. If you didint file taxes, then they are also non dischargeable.

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13y ago

Yes. BK includes all your assets and all your debts. Nothing is excluded.

However, not all things may be discharged.

Can 2007 taxes be included?

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8y ago

No you cant as far as know because you are still owing the IRS money witch could cause a conflict between you and the Banking Agency, Other words know what's up before you do it.

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10y ago

Filing for bankruptcy is one of five ways to get out of tax debt, but you should consider bankruptcy only if you meet the requirements for discharging your taxes.

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15y ago

http://ezinearticles.com/?Will-Bankruptcy-Void-Any-Owed-Taxes?&id=1059357 this link has a lot useful information.

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Q: Can you file bankruptcy owing taxes?
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Related questions

Can you file bankruptcy on back taxes?

NO


Does bankruptcy change how you file taxes?

No


Should i file taxes after discharge?

Yes. Bankruptcy does not change you absolute legal obligation to file taxes.


Can you file banruptcy on federal taxes?

You can't. Bankruptcy does not forgive you for federal taxes.


If you don't pay taxes but work can you file bankruptcy?

Yes


Can you file bankruptcy to pardon debt for owing back income taxes?

You can discharge income tax debt in bankruptcy only under certain circumstances. The rules are discussed in IRS Publication # 908. I have added a link to the one from 2009, but check with your tax adviser for any updates.


Can you file bankruptcy on state and federal imcome taxes?

No you cant file on anything owed to government.


Can you file bankruptcy on the IRS in Washington state?

No. Federal taxes may not be discharged regardless of which state the bankruptcy is filed.


How many times can you file Chapter 7 bankruptcy and can you claim taxes?

No limit


Can you file for bankruptcy even if you owe back taxes?

Yes, you can, and you may be able to discharge the taxes owed, if they are income taxes for returns filed more than three years prior to filing, unless there are more recent adjustments to the taxes owed.You can also file a Chapter 13 to arrange a payment plan for the taxes, though the IRS has become more amenable to reasonable payment plans without a bankruptcy filing.Consult an experienced bankruptcy lawyer in your area.


Can you file bankruptcy while still owing back taxes?

Yes, as a general rule. Taxes of all kinds are not discharged by the bankruptcy process. That means, when it's all over with bankruptcy, you still owe taxes to the federal gorvernment, and any other government. In short, fiiling a petition in bankruptcy and a subsequent discharge will not get you out of paying taxes to the government. It's really easy to filing a petition in bankruptcy; it's very expensive not to do it right; the Bankruptcy Court is just not the same as your Magistrate's court, or the small-claim's court. It's very expensive to do it wrong and you cant do it but every so often (time limits: you just have to see the code. If you have a bankruptcy sitution you really need to see a lawyer who works with bankruptcy.


Can you file bankruptcy on restitution?

No you can not file bankruptcy on anything that is court ordered.CAN YOU FILE BANKRUPTCY ON RESTITUTION?