Bankruptcy and Taxes

There are some exemptions for back taxes. Your attorney can explain.

There’s an old saying that nothing is more certain than death and taxes, but, in bankruptcy, some back taxes may be discharged. Qualifications must be met, and it can be complicated, but an experienced bankruptcy lawyer can explain the law.

• If you have federal, state or local income tax debts that are more than three years old, they can be discharged.
• Inheritance taxes and property taxes can be discharged if you qualify.
• Filing bankruptcy does NOT exempt business owners from paying back sales taxes or withholding taxes no matter how old the debts are.

Back taxes can represent a significant debt. If you cannot pay, though, the law offers a remedy in bankruptcy.

Call 1-877-ONE-DEBT and find out if your tax debt can be discharged.

At Bond & Botes, our attorneys have been advising people in Alabama, Mississippi and Tennessee about their bankruptcy rights for more than 20 years. In a FREE initial consultation, find out if bankruptcy is the right choice for you.