ELIMINATING TAX DEBT IN BANKRUPTCY The following set out the rules to discharge an IRS debt in Bankruptcy: You can get your IRS transcripts by going to Get Transcript FAQs When  I explain the above mentioned rules to clients they look at me glassy  eyed. I don’t blame them. The rules are legalistic and confusing. For […]

Can Personal Income tax be discharged in Bankruptcy: Chapter 7 or Chapter 13? The answer is “Yes” based on certain rules: CHAPER 13 The  same rules apply to both Chapter 7 and Chapter 13. If you file Chapter  13 the IRS debts that can be discharged receive a dividend like other  unsecured debts. The dividend