LEGAL GUIDE
Written by attorney Jeffrey Michael Morris | Sep 21, 2016

TAXES OWED TO THE IRS COULD BE DISCHARGED IN A CHAPTER 7 BANKRUTPCY

Nobody wants to file for bankruptcy. However, circumstances can spiral out of control and you find yourself without any choice. You were laid off from work or had unexpected medical bills. You had to make a choice between paying the monthly credit card bills or putting food on the table. The choice is easy. When you realize that you can’t keep up with your credit card payments, you consult your bankruptcy attorney.

Additional resources provided by the author

It’s not too hard to calculate the required dates. What you need to obtain from the IRS is an “account transcript” for each year that taxes are owed. The account transcript will show the due date, filing date and assessment date. You can order the account transcript online at http://www.irs.gov/Individuals/Order-a-Transcript, or calling the IRS at 800-908-9946, or by using an IRS form, IRS Form 4506T.

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